Europe’s electricity industry calls for €400bn investment in distribution grids

Euractiv | Jun 20, 2022 at 6:18 PM
  • Jean-Bernard Lévy, the chairman and CEO of French utility EDF and current president of power industry association Eurelectric, has urged EU countries to invest in distribution grids in order to sustain Europe’s move towards climate neutrality.
  • Electrification is expected to play a central role in driving Europe’s move towards climate neutrality, with plans to connect new sectors such as buildings, transport and industry to clean power sources like wind and solar.
  • And for sectors which cannot be electrified directly – like heavy industry, freight, maritime transport, and aviation – so-called “indirect electrification” is seen as the way forward.