Categorie: Economy

  • EU is wasting free energy as industry flatlines

    The EU faces sig­nif­i­cant chal­lenges with ener­gy waste and high prices due to insuf­fi­cient ener­gy stor­age. Despite rapid growth in renew­able ener­gy, the lack of stor­age means excess ener­gy is often lost, exac­er­bat­ing high ener­gy costs for indus­tries. In 2023, the EU wast­ed the equiv­a­lent of 0.5% of its total pow­er con­sump­tion. The EU’s new…