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  1. Schneider Electric calls on the European Commission to prioritize specific policy actions regarding energy efficiency and electrification in Europe.

European Commission Targets Doubling Electricity's Energy Share by 2040

2 reports, 2 independent Updated Aug 14
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

The European Commission introduced a new electrification action plan for Europe. This plan aims to double electricity’s energy share from 23% to 46% by 2040. OPEX is pursuing growth initiatives targeting electrification efforts across Europe.

From science20.com

Why it matters

Some supportBrind's analysis of the reports

Buildings consume 40% of all the energy used in Europe, much of which is currently heated using gas boilers. The shift promotes heat pumps, which deliver three to four units of heat per unit of electricity, compared to one unit per unit of gas.

Schneider Electric has called on the European Commission to prioritize specific policy actions regarding energy efficiency and electrification in Europe.

From science20.com

Who's involved

  • EuropeThe continent where the energy transition policies are being implemented.
  • OPEXA manufacturing company driving growth initiatives related to electrification.
  • European CommissionThe executive body setting the new energy efficiency and electrification targets.

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • European Investment BankSpeculative

    The European Investment Bank might increase funding for grids, storage, and heat pump manufacturing.

  • ShellSpeculative

    Shell might see a reduction in the long-term market share of companies reliant on high-emission energy sources.

  • MideaSpeculative

    Midea could see accelerated demand for energy-efficient products like heat pumps, driving sales.

  • TeslaSpeculative

    Tesla may see the market for electric mobility and energy efficiency validated, supporting its business model.

How it developed

Newest first. Tap a step to see who reported it.
  1. Commission drives electrification targets for energy consumption in Europe.1 source
  2. OPEX is targeting electrification growth initiatives in Europe.1 source

Keep exploring

Part of

Schneider Electric calls on the European Commission to prioritize specific policy actions regarding energy efficiency and electrification in Europe. All 3 developments

The entities involved

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Coverage

Newest first; wire copies grouped
  • science20.com
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