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Solar and storage: Europe’s response to energy crises

Published in: Solar, Exclusive Articles, Conference Call

Solar and storage: Europe’s response to energy crises image

Europe’s energy supply is under pressure. Price shocks, geopolitical conflicts, rising demand for electricity and competition for industrial value creation show that we need to rethink supply security. It is not just power plant capacities that count. The system must keep costs affordable, reduce dependencies and provide electricity when households, companies and industry need it.

These are precisely the issues that will be discussed at The smarter E Europe in Munich in June. Europe’s largest alliance of exhibitions for the energy industry shows how photovoltaics, battery storage, grids, charging infrastructure, energy management and flexible consumers all have to work together to turn renewable generation into a resilient energy system.

The study Solar+: An EU Pathway to Achieve Renewable Targets, Price Affordability and Energy Security by SolarPower Europe provides the data to prove that solar and storage are not just technologies for the energy transition, they are the building blocks for Europe’s resilience.

Europe’s vulnerability in numbers

As long as fossil fuels dominate most of our electricity generation and determine its price, Europe will remain vulnerable. Having to import fossil energy carriers forces countries to be dependent on markets which they cannot properly control. At the same time, electrification, digitalization, heat pumps, electromobility and industrial processes are all driving electricity demand.

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