The recent blackouts across Spain and Portugal (FT View, May 1) are a stark reminder that Europe’s energy transition demands more than just the expansion of renewables. To make it a success, Europe must bolster the resilience of its electricity system.
A true transition hinges on two urgent actions: reinforcing electricity grids through infrastructure investment and digitalisation; and a push for more demand-side flexibility.
Digitalisation of the grid is the only way to truly match supply and demand in real time and optimise energy losses.
These measures are vital to driving Europe’s competitiveness, reducing our €390bn reliance on fossil fuel imports (as of 2023), and achieving the EU’s goal of a 55 per cent net reduction in greenhouse gas emissions by 2030. Yet, success depends on immediate and co-ordinated action.
The EU’s Clean Industrial Deal, with its focus on electrification, streamlined regulation, and €2bn in support under the European Investment Bank, is a welcome step. However, as this communication remains nonbinding, concrete national and EU-level commitments will be essential to make real progress.
The technology exists today to drive real change. Now is the time for the public and private sectors to step up with bold, co-ordinated action to secure Europe’s energy future.
Gwenaelle Avice Huet
Executive Vice-President, Europe Operations, Schneider Electric, Paris, France