Page 46 - European Energy Innovation - autumn 2017 publication

46 Autumn 2017 European Energy Innovation
POWER TRANSITION
Power sector determined to lead
the energy transition
By EURELECTRIC
Enel, Vattenfall, Ibedrola, SSE,
Innogy, EDP, DONG Energy.
Across the continent, the
utilities are investing billions
in new and clean energy. People
today want clean energy and power
companies are determined to deliver.
Electricity will play a key role in solving
some of the toughest challenges of
our times. It will help decarbonise the
economy, reduce pollution in cities
and ensure that we use energy more
efficiently in buildings and transport.
The electricity sector must seize this
opportunity and prepare for the future.
Led by Francesco Starace, CEO of
the Enel Group, the Presidency team
of EURELECTRIC, is determined to
sharpen the industry’s view of the
future, and the role that utilities will play level of collaboration and coordination
in creating win-win solutions for the
energy system and to society as
a whole.
As the power sector seeks to
tackle technological disruption,
decentralisation and carbon constraints,
it will focus on three key approaches:
CHANGING THE MINDSET
A new mindset is needed to maximise
the environmental and social value that
electricity brings to society. The sector The sector must therefore reinforce
will need to be proactive in its effort
to stay at the forefront of the energy
transition.
The sector will seek to engage openly
with technology providers, customers,
cities, communities and other industries
involved in the energy transition. The
transformation we are facing runs
deep, Creating a more efficient energy
system requires an unprecedented
across industries and borders. The
power sector will partner up as never
before with non-energy industries such
as automotive, construction and ICT
to create value to society outside our
traditional boundaries.
EMBRACING THE FUTURE
Creating long-term value for
companies, stakeholders and overall
society is a core task for utilities.
value-chain synergies and promote
the establishment of market rules
that enable medium to long term
investment decisions.
In this context, the acceleration of
electrification, especially in transport
and heating & cooling sectors is
extremely important. Electrification is
key to building a low-carbon future and
meeting the commitments pledged in
the Paris Agreement on climate change.
Electrification is also a key opportunity
to address serious concerns to
society such as improving air quality,
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