Key facts
- Electrification provides a competitiveness advantage for Europe.
- Scaling up electrification requires better alignment across system levels.
- The findings are based on evidence from 61 companies.
A new report by Eurelectric, launched at the Power Summit in Helsinki, highlights that Europe's competitiveness is already benefiting from electrification. However, the report, which draws on evidence from 61 companies, emphasizes that further scaling up this advantage necessitates improved alignment across various system levels. The findings suggest that a more integrated approach is crucial for Europe to fully leverage electrification for its economic standing.