With winter approaching, Europe has already paid an estimated €50 billion extra for fuel since the Strait of Hormuz crisis began, without securing a single additional barrel — a stark reminder of its exposure to geopolitical volatility. Digital technology is already part of the answer: it's what lets grids handle more renewable power without breaking down.
This week at DIGITALEUROPE’s Executive Board Strategy Days in Brussels, industry leaders called for one joined-up European response: cheaper home-grown energy, digital grids and serious investment in technologies made in Europe.
DIGITALEUROPE is a Brussels-based technology trade association whose 134 corporate members and 45 national trade associations collectively represent more than 56,000 businesses across Europe. Its leaders also argue that Europe needs to put 25 per cent of the next EU budget into critical technologies.
At the meeting, industry executives presented their recommendations on electrification, grid digitalisation and investment to Commissioner for Climate, Net Zero and Clean Growth Wopke Hoekstra.
Europe needs to electrify — and fix its grids
