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The electrification of the industry is not taking off in Europe due to high upfront investments, long investment cycles, increased energy costs, unfair taxation and continued subsidies for fossil fuels of over €55 billion every year. Eurelectric is calling for an electrification bank in the EU Clean Industrial Deal.
Three quarters of the electricity generated in the EU this year came from clean energy – shows Eurelectric’s Power Barometer 2024. While the power sector continues to lead on decarbonisation, Europe’s economy is not electrifying fast enough.
The electricity industry and energy intensives join forces to boost Europe’s industrial competitiveness in a net-zero economy.
For the first time, glass manufacturer Schott has implemented a glass melting process that is continuous over several days and does not use natural gas. The company aims to be climate-neutral by 2030 and is pursuing these two approaches:
Energy to Market, EDF Renewables and the Speira aluminium mill took a look at one and a half years of storage operation at the Hamburg rolling mill. The results are impressive:
The French manufacturer Socomec presents the Sunsys Hes L, a commercial- or industrial-scale energy storage system designed for outdoor operation.
By establishing its own solar park, the copper-processing Wieland Group wants to cover six per cent of its electricity demand. It is just one building block towards climate neutrality by 2045.
Brussels is supporting the expansion of module factories and the production of other solar components. A total of 30 gigawatts of capacity is to be created. Solar Power Europe is proposing a financing fund for this purpose.
Norway is betting on CO2 capture and storage under the North Sea as a new business model. The aim is to reduce emissions from industrial processes that are difficult to avoid. Impressions from a press trip.
BloombergNEF has just published its hydrogen market outlook for the first half of 2022. It shows strong growth to decarbonize the industry.
Cost-slashing innovations are underway in the electric power sector and could give electricity the lead over fossil-based combustion fuels in the world’s energy supply by mid-century.
Plans to build another green hydrogen facility close to Axpo’s run-of-river power plant in Brugg, Switzerland have been announced by Axpo, marking the latest development in the company’s rapid expansion of its green hydrogen business.
Sector coupling helps industry decarbonize and be competitive, if electricity taxation favours renewables instead of fossil fuels.
