Electrification Could Save Europe €250 Billion Per Year

According to Schneider Electric’s latest report, the EU currently spends €380 billion annually on energy imports, with nearly 60% of its energy supply sourced from abroad.Accelerated electrification and prosumer initiatives could create up to 1 million new jobs in local industries.The EU’s rooftop solar potential is estimated at over 1,000 GW, 10 times the current installed capacity.

According to Schneider Electric’s latest report, the EU currently spends €380 billion annually on energy imports, with nearly 60% of its energy supply sourced from abroad.Accelerated electrification and prosumer initiatives could create up to 1 million new jobs in local industries.The EU’s rooftop solar potential is estimated at over 1,000 GW, 10 times the current installed capacity.