🔋 Energy Efficiency & Decarbonization: A Path Forward for Energy-Intensive Industries (EIIs)
Mario Draghi’s recent report, The Future of European Competitiveness, highlights key strategies for Energy-Intensive Industries (EIIs) in Europe’s green transition. (Full report’s link.)
Here are some key highlights from the report on this topic:
📌 High energy costs in Europe are an obstacle to growth. Energy-intensive industries (EIIs) have been hit hardest: production has fallen 10-15%
📌 For the four largest EIIs (chemicals, basic metals, non-metallic minerals and paper), decarbonization is projected to cost EUR 500 billion overall over the next 15 years.
📌 Decarbonization offers an opportunity for Europe to lower energy prices and take the lead in clean technologies (“clean tech”), while also becoming more energy secure.
📌 Renewable energy deployment in Europe is already rising, reaching around 22% of the EU’s gross final energy consumption in 2023, compared with 14% in China and 9% in the US.
📌 Although Europe is weak in digital innovation, it is a leader in clean tech innovation.
📘 Recommendations
As we move towards decarbonization, the focus is on improving energy efficiency and promoting clean technologies to maintain industrial competitiveness.
🛠️ Energy Efficiency: The report stresses the need for EIIs to invest in innovative technologies to optimize energy use, which will reduce costs and carbon footprints. Increasing grid resilience and electrification are key.
🌍 Decarbonization: Hydrogen production, carbon capture, and renewable energy infrastructure are at the heart of the green shift. For EIIs, these technologies offer pathways to decarbonize processes while staying competitive on the global stage.
👥 Public-Private Collaboration: Partnerships and incentives are crucial to driving investments that support sustainable practices in sectors like steel, cement, and chemicals.
⚡️ Solutions from Electrex can help energy-intensive industries transition towards more efficient and sustainable practices by providing insights into energy use, supporting the integration of renewable energy, and enabling the reduction of carbon emissions.
Our technology is aligned with decarbonization goals, helping companies stay competitive in an increasingly green economy.👉 Discover more: https://www.electrex.it/en/applications
The EU’s transition towards a low-carbon economy presents challenges, but with proactive measures, EIIs can turn these into opportunities for growth and innovation.
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Electrex – Energy Efficiency and Decarbonization – A Path Forward for Energy-Intensive IndustriesContact me to schedule a call! I will be glad to answer any questions you may have.
