The European Commission has published its Action Plan to hasten the growth and efficiency of electricity grids across the EU, an essential step for a safe and reliable green transition for the continent. Anticipating a 60% surge in power consumption by 2030, this plan targets extensive grid modernization, emphasizing tailored actions for swift investments.
These initiatives aim to modernize grids, accommodating a digitized and flexible energy system. It outlines seven key steps, including regulatory incentives, financing access, and streamlining permitting processes. The €584 billion investment is also intended to revamp aged infrastructure, enabling integration of renewables, electric vehicles, and more.