As Europe accelerates its transition towards a net-zero future, the need for robust and modern energy infrastructure has never been more critical. The Grid Development in Europe report, created in collaboration with Accenture, provides a comprehensive analysis and concrete recommendations to support grid expansion and modernization across the continent.

With a projected doubling of electricity demand and the integration of vast amounts of renewable energy into the grid, Europe faces significant challenges in ensuring a stable, sustainable, and secure energy supply. Investment in grid infrastructure must increase substantially, reaching over $750 billion annually by 2030, to meet the continent’s ambitious climate and energy goals.

The report proposes five key actions to strengthen the business and economic case for grid development in Europe:

Achieving Europe’s net-zero ambitions hinges on a strong business and economic case for grid development, which will require cooperation across the value chain, from regulators and grid operators to technology providers and policymakers. By embracing these five key actions, we can unlock significant system-wide value, driving the energy transition forward in a way that is not only efficient and sustainable but also economically viable and socially beneficial.