Page 46 - European Energy Innovation - autumn 2017 publication
P. 46

46  Autumn 2017 European Energy Innovation


Power sector determined to lead

the energy transition


Enel, Vattenfall, Ibedrola, SSE,                As the power sector seeks to               as automotive, construction and ICT
            Innogy, EDP, DONG Energy.           tackle technological disruption,           to create value to society outside our
            Across the continent, the           decentralisation and carbon constraints,   traditional boundaries.
            utilities are investing billions    it will focus on three key approaches:
 in new and clean energy. People                                                           EMBRACING THE FUTURE
 today want clean energy and power              CHANGING THE MINDSET                       Creating long-term value for
 companies are determined to deliver.           A new mindset is needed to maximise        companies, stakeholders and overall
 Electricity will play a key role in solving    the environmental and social value that    society is a core task for utilities.
 some of the toughest challenges of             electricity brings to society. The sector  The sector must therefore reinforce
 our times. It will help decarbonise the        will need to be proactive in its effort    value-chain synergies and promote
 economy, reduce pollution in cities            to stay at the forefront of the energy     the establishment of market rules
 and ensure that we use energy more             transition.                                that enable medium to long term
 efficiently in buildings and transport.                                                   investment decisions.
                                                The sector will seek to engage openly
 The electricity sector must seize this         with technology providers, customers,      In this context, the acceleration of
 opportunity and prepare for the future.        cities, communities and other industries   electrification, especially in transport
 Led by Francesco Starace, CEO of               involved in the energy transition. The     and heating & cooling sectors is
 the Enel Group, the Presidency team            transformation we are facing runs          extremely important. Electrification is
 of EURELECTRIC, is determined to               deep, Creating a more efficient energy     key to building a low-carbon future and
 sharpen the industry’s view of the             system requires an unprecedented           meeting the commitments pledged in
 future, and the role that utilities will play  level of collaboration and coordination    the Paris Agreement on climate change.
 in creating win-win solutions for the          across industries and borders. The         Electrification is also a key opportunity
 energy system and to society as                power sector will partner up as never      to address serious concerns to
 a whole.                                       before with non-energy industries such     society such as improving air quality,

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