Industry leaders emphasize the need for an estimated €584 billion investment by the year 2030 to strengthen the grids in Europe for a net-zero energy future.
The EU High-Level Electricity Grid Forum on September 7th will discuss the urgent need for increased grid investments to support renewables and address bottlenecks.
EU electricity prices surged due to the Ukraine conflict, prompting demand-side flexibility and grid optimization measures for cost savings and market reform.
A total of 19 priority project concepts are supposed to be delivered from 2024 and another 13 are lined-up starting the next year as per the execution plan.
With a global push toward clean energy, countries are investing in grid digitalization, prioritizing innovation, data utilization, and collaborative efforts.
