Elena Brauns

Where Are We Headed? 💡 Energy Costs Energy costs for industry in the EU are several times higher than in China or the U.S., with nearly 60% of companies now citing energy prices as the primary barrier to investing in the EU. ⚡ Regional Differences Despite the energy price crisis, Nordic countries remain competitive, while Lithuania and the Baltic states became leaders in new RES capacity development, steadily closing the price gap with the Nordics. Together, the vast renewable resources of the Nordics and Baltics position this region to become a global leader in RES-based, competitive energy pricing. 🚀 Unlocking the Future This potential is not guaranteed. We must unlock the full potential of RES in this region by: 🔗 Building Networks and Interconnections To bridge EU regions of energy surplus and demand, we need new pipelines and power lines to transfer renewable energy across thousands of kilometers in any form. #tomorrows_infrastructure 🔄 Increasing Flexibility and Seasonal Energy Storage We must prepare for tenfold higher fluctuations in energy production, with solutions for both short-term flexibility and seasonal energy shifting to manage “Dunkelflaute” and energy price volatility. #flexibility #storage 🛡️ Enhancing Security and Resilience Energy security is essential for national and regional stability. Our region’s attractiveness and competitiveness depend on strong physical and cyber protection of energy infrastructure. #resilience #security 🤝 Our Strengths: #People and Regional #Cooperation 🌍 Regional Cooperation This isn’t about any single entity or country; it's about the Baltic Sea region, cross-sector and cross-institution cooperation, which is essential to maximise the value of energy transformation. 👥 People Nothing is accomplished without people. We must grow our skills, build partnerships, and strengthen our teams. To be partner you can trust. This is our strategy. This is how I see it. Join us in creating the energy future— #together with EPSO-G.

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To avoid the worst effects of #ClimateChange, we must advance the #EnergyTransition – in a joint effort. In Europe, politicians regularly come together with leaders from the energy industry at the Roundtable on Europe’s Energy Future (REEF) in Brussels. The meeting aims to ensure the right conditions across the #energy sector. ⚡   For grids, we mainly see the following five points: 1️⃣ improving long-term planning;  2️⃣ sufficient private and public sector finance for projects;  3️⃣ strengthening the supply chain;  4️⃣ harmonization and standardization of technologies and processes to achieve economies of scale;  5️⃣ functional tenders that shall focus on prescribing only the key functions of the #GridTechnologies. And as we see a faster build-out of offshore #renewables we also need to improve the resilience of meshed and interconnected grids in a multi-country approach. I want to thank the Belgian Presidency for organizing this event and, in particular, for their attendance at the event, the EU Energy Commissioner, Kadri Simson; Minister Tinne Van der Straeten; Minister Lars Aagaard; German state secretary for Energy Philipp Nimmermann; Mechthild Wörsdörfer, and Catharina Sikow-Magny. Together, we can make it happen!✨ #GridActionPlan #GridTechnologies 

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POV E.ON: „It´s on us to make new energy work.” [email protected]: “How can I, on myself, manage the energy transition???” It is not about managing, it is about contribution and the power of bundling people to playmakers. And this is exactly, what the todays 2nd edition of Finance Transformers Club was about 😉 Today's Finance Transformers Club was an inspiring session where we delved into our E.ON Brand repositioning. Anchored in our core strategy of Growth, Digitalization, and Sustainability, we explored the new attributes that define us: brave, progressive, reliable, and impactful. We asked ourselves, "What does this mean for finance, and how can we contribute to this transformative journey?" It was inspiring to see such a motivated and proactive community within Finance at the Transformers Club, even though there's still potential for growth in the number of Club members. The energy in the room was palpable as we discussed running initiatives (like the Closing Transformation etc. ) and brainstormed future-forward ideas. It became clear that contributing to this vision means breaking down complex challenges into manageable pieces and create fast and tangible track record to be motivated to create even more in following ambitions. All this, doesn't require a big bang but a mindset shift. If we harness our collective power, motivation, and innovative ideas in finance to become more focused, digitalized, and efficient, we can significantly enhance our support for the business. Moreover, by integrating finance with the broader business value chain, we can together make new energy work. But it is also clear "talk, talk, talk" doesn´t help, WE have to do something! It´s on us to make finance business-focused and future-oriented for growth!!!💪🚀 Special thanks for having a great event goes to Mara Prusu, Frauke Lucja, Marc Dönges, Lars List, Judith Heise and Tim Nowotny  #FinanceTransformation #EON #Growth #Digitalization #Sustainability #TeamWork #Innovation #NewEnergy

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2015: "𝑮𝒆𝒓𝒎𝒂𝒏𝒚 𝒔𝒆𝒕𝒔 𝒕𝒉𝒆 𝒄𝒐𝒖𝒓𝒔𝒆 𝒇𝒐𝒓 𝒂𝒏 𝒆𝒏𝒗𝒊𝒓𝒐𝒏𝒎𝒆𝒏𝒕𝒂𝒍𝒍𝒚 𝒇𝒓𝒊𝒆𝒏𝒅𝒍𝒚, 𝒔𝒆𝒄𝒖𝒓𝒆 𝒂𝒏𝒅 𝒂𝒇𝒇𝒐𝒓𝒅𝒂𝒃𝒍𝒆 𝒑𝒐𝒘𝒆𝒓 𝒔𝒖𝒑𝒑𝒍𝒚". That was the Bundesministerium für Wirtschaft und Klimaschutz, pretending that the "easy to say" trope of the perfectly optimized Energy Trilemma is a substitute for Energy Policy. As we know, prioritizing "environmental impact" above security and affordability clearly isn't working out that way. In fact, one could argue that 𝐆𝐞𝐫𝐦𝐚𝐧𝐲 has failed on all three elements. Having kindly executed a demonstration project for the rest of the world to learn from, it is surprising to see many copy-cats. The most surprising of all is 𝐂𝐡𝐢𝐧𝐚 - now installing more wind and solar than the rest of the world combined. The Chinese are many things, but the deep-bench of engineer-bureaucrats in Beijing are certainly not naive and foolish. It is also highly unlikely that the CCP has bought into the Climate Emergency to this degree. So what is going on? It may well have something to do with it's energy imports and ambitions on Taiwan. 𝐈𝐧𝐝𝐢𝐚 has a vast energy-hungry population. Whilst there is lip-service to global climate ambitions, it is clear that affordability and supply are paramount. "𝘞𝘦 𝘩𝘢𝘷𝘦 𝘣𝘦𝘦𝘯 𝘷𝘦𝘳𝘺 𝘰𝘱𝘦𝘯 𝘢𝘯𝘥 𝘩𝘰𝘯𝘦𝘴𝘵 𝘢𝘣𝘰𝘶𝘵 𝘰𝘶𝘳 𝘪𝘯𝘵𝘦𝘳𝘦𝘴𝘵𝘴. 𝘐 𝘩𝘢𝘷𝘦 𝘢 𝘤𝘰𝘶𝘯𝘵𝘳𝘺 𝘸𝘪𝘵𝘩 𝘢 𝘱𝘦𝘳 𝘤𝘢𝘱𝘪𝘵𝘢 𝘪𝘯𝘤𝘰𝘮𝘦 𝘰𝘧 𝘜𝘚𝘋 2000. 𝘛𝘩𝘦𝘴𝘦 𝘢𝘳𝘦 𝘯𝘰𝘵 𝘱𝘦𝘰𝘱𝘭𝘦 𝘸𝘩𝘰 𝘤𝘢𝘯 𝘢𝘧𝘧𝘰𝘳𝘥 𝘩𝘪𝘨𝘩𝘦𝘳 𝘦𝘯𝘦𝘳𝘨𝘺 𝘱𝘳𝘪𝘤𝘦𝘴. 𝘐𝘵'𝘴 𝘮𝘺 𝘮𝘰𝘳𝘢𝘭 𝘥𝘶𝘵𝘺 𝘵𝘰 𝘦𝘯𝘴𝘶𝘳𝘦 𝘵𝘩𝘦 𝘣𝘦𝘴𝘵 𝘥𝘦𝘢𝘭" which leads to "strategic ambiguity" with respect buying the discounted Russian crude that the West won't buy. Within the club of rich nations after COP 21 in Paris in 2015, there was a happy consensus (and equally as much conceit) that simply providing "leadership" in the Energy Transition would be sufficient to "bring everyone along". Almost a decade later, we see that energy transition pathways vary significantly from country to country. Unsurprisingly, we see "horses for courses" due to unique economic, political, and social contexts. Ironically, the more pragmatic energy policies of the non-leader countries are looking quite attractive to voters in the club of (formerly) rich-countries. To try to limit LI shadow-banning I'll link to my full article in the comments anon.

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Today at the EM-Power Europe Conference in Munich, I took part in the “Demand Side Flexibility - the Role of Grid Infrastructure, Market Parties and Digitalisation in Meeting Consumers’ Expectations” session alongside Andreas Jahn, Sebastian Mahlow, Dr. Frank Schlichting and Alex Schoch, and moderated by Carmen Gimeno de la Fuente. The growing electrification of our society puts Power Grids at the centre of the Energy Transition, and according to the Eurelectric “Grids for Speed” report, EU 27 countries and Norway will need to invest around 67 B€ per year from 2025 to 2050 to enable a successful Energy Transition and secure energy supply. EDP's network distribution companies operate in Brazil, Portugal, and Spain, and comprise 389k kilometres of networks and distribute 86k GWh to 11,8M connections. We are actively working to enable the Energy Transition, connecting renewable power plants, self-consumption installations, energy communities and electric mobility charging stations, using Smartgrids as the backbone to connect and provide information, and providing 400M daily data records in Portugal alone, information that we share with everyone through our Open Data Portal (e-redes.opendatasoft.com). We are conducting flexibility pilots and adopting more and more Agile practices to make the most of our resources. We work relentlessly for our grids to enable the Energy Transition. #grids #energy_transition #smart_meters

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How to engage citizens in the #energytransition?

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📰 Must read: The world's quest for the holy grail of energy production. We're delighted to see our efforts towards a sustainable future in the spotlight! Matthias Jauch's article "Die Sonnen-Anbeter" (The sun worshippers) in FOCUS online explains how we're developing solutions for a clean energy future, and what it will take to implement this groundbreaking technology. "Fusion is a unique opportunity to build a world-class industry in Europe. The time to act is now!" says our CEO Milena Roveda. 🔎 Read the full article here (in German): https://lnkd.in/g9nMsTSS #FusionPower #FusionWithIntegrity #FusionPowerPlant #SustainableFuture #Sustainability #RenewableEnergy #FusionEnergy

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🔋 Back from the yearly RheinEnergie AG X Osborne Clarke conference, with this year a large focus on #batteries in Germany. Some takeaways: 📄 #Regulation: whilst trying to support the energy transition, German regulation is at times actually hindering the development of #bess: grid connection rules, exclusion principle for co-located assets and Baukostenzuschuss being the main points that deserve attention. And no, #bess developers are not asking for subsidies, projects can totally fly on a merchant basis these days. 🏗️ #Network build out and DSOs bandwidth remains a major hurdle and is massively slowing down projects 📉 #Risk management is a topic often overlooked and which requires attention. Ancillaries saturation are pretty much there, and wholesale markets have come down by 40% since last year. Not #hedging is not an option, at least not at portfolio level. #algorithmic #trading is of course a must but won’t save you when markets turns south. Thank you for having me in this very interesting panel Anna von Bremen, together with the non-less-brilliant Dr. Marleen Rheker, Sven Mann, Max Keinert and Prof Dr Thorsten Müller See you next year, hopefully with some good news on all these points !

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A while back I wrote about #shifting our #demand patterns following the #renewableenergy. https://lnkd.in/gEw8acXV In July 2024, the Federal Network Agency (Bundesnetzagentur), Germany came up with a #position #paper as regards to the upgrade of their #electricity #grid policy, which is very similar in spirit. https://lnkd.in/gtX2mczJ The key aspects of this position paper as per the President of the Federal Network Agency are as follows, + The old network fee discounts no longer meet the requirements of an electricity system that is characterized by high proportions of renewable electricity generation + In the future, we want to particularly encourage #consumption #behavior in industry that benefits the system. + Industry and commerce should pay #reduced network #fees if they use more electricity in situations with high electricity supply.  + Conversely, they will also receive a reduction in network fees if they use less electricity in times of a #shortage of electricity. This is basically on similar lines with the "Timeshifting" post is on influencing the key #consumption patterns and #incentivize the consumers who consume more during the times of excess (renewable) energy generation. This was a no-brainer always, and it is great to see this being considered at a policy well in a region with high #penetration of #renewableenergy. If we can #eliminate the problem to a large extent in the first place, we do not need #expensive solutioning in the form of technology / firm power / energy storage etc. The #forward thinking nature of this position paper puts the prerogative on those responsible for #climatechange in the first place - the market & the industry. Solving for this will avoid significant over-dimensioning, reduce continued reliance on firm power gas/coal generation plants, eliminate need for majority of short-duration #energy #storage (read #batteries), minimize the need for new firm #nuclear power, and facilitate faster transition towards a high-renewable grid, hopefully upwards of 90-95%. Long duration storage will be required nevertheless as the #demand cannot be switched off for weeks and months together at times of minimal renewable generation. We at Umagine & H2 Carbon Zero completely support this position paper, and hope for a swift conversion to regulations in the upcoming months.

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How will Europe and Germany maintain their global #competitiveness and reduce the costs of the #energytransition? That was the topic of an exciting roundtable discussion with Energy Resilience Leadership Group in Berlin. Which sectors, which technologies offer Europe the opportunity to maintain its industrial leadership? How can young European industries grow both at home and abroad? Which technologies help to accelerate the expansion of #grids and hydrogen pipelines and reduce costs? We discussed all these questions together. And we agreed: we need even more #innovation and even more #collaboration to overcome the biggest challenges of the energy transition. TenneT as a #TSO is having a special responsibility here. The cross-border integration of #offshorewind is an important driver for large-scale electricity feed-in. High yields lead to lower costs and greater competitiveness. Innovations such as weather-dependent higher utilization of grids and bidirectional charging of e-cars make grids more efficient. AI-based approaches will help to avoid grid congestion and reduce operating costs. My conclusion: Electrification is the future of European industry, grid expansion is key. Bill Gates, Jörg Kukies, Ann Mettler, Christian Bruch, Victoria Ossadnik, Joerg Burzer, Philippe Delleville, Andreas Feicht, Dr. Lars Kissau, Tobias Lechtenfeld, Marie Theres Niedermaier, Francisco Pérez-Ojeda Rodríguez, John O'Donnell, Caspar Schuchmann, Dr. Sopna Sury, Catherine Vandenborre, Dr. Heba Aguib, Helmut Schoenenberger #LightingTheWayAheadTogether

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Today is a big day for the ramp up of the hydrogen economy – a key element of the energy transition! RWE and other companies have received grants from the German federal and state governments to develop large-scale hydrogen projects. RWE has been awarded grants for two projects. They are part of the GET H2 initiative, a unique integrated approach along the entire value chain. Several partners are planning hydrogen production, transport as well as storage infrastructure – a huge effort for the decarbonisation of industry. RWE will receive funding for the construction of a 300-megawatt electrolysis plant in Lingen, Lower Saxony, which will be one of the largest facilities in Europe. The second project is our storage facility in Gronau-Epe, North Rhine-Westphalia, which will help to buffer the fluctuating production of green hydrogen. Furthermore, we are also part of a consortium that is working towards the construction of a 100-megawatt electrolysis plant in Rostock. This is another project that has received a grant. The EU has certified all the projects as “Important Projects of Common European Interest” (IPCEI), which was the basis for the funding commitments. I am very happy that we are moving forward, after more than three years, more than 1,000 pages of documents and countless hours answering detailed questions. I think we can all agree that there are opportunities for speeding up such bureaucratic processes on a European level to uphold Europe’s competitiveness. For today, we can celebrate that the ramp-up of the hydrogen economy is now underway. A massive well done to everyone involved from #TeamRWE and our partners.

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#TSOs around the #NorthSea are working closely together to serve Europe’s ambition towards a climate neutral #energy system. This was confirmed once again today during the panel discussion at the BWO - Bundesverband Windenergie Offshore e.V. 's #FutureOffshore event. However, one of the main questions at the moment is how we can cope with the enormous costs of extending the #offshore (and also onshore) #grid - in Germany, but also in Europe and beyond. The question of costs cannot be a question of #acceptance. We therefore have to develop strategies for maximizing electricity output while keeping costs as low as possible. And it calls for a political discourse on the framework conditions. Many thanks to BWO for making the topic of grids the focus of the exchange! #LightingTheWayAheadTogether TenneT, 50Hertz Transmission GmbH, Amprion GmbH, ENTSO-E

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Statement: Hydrogen as the Key to the Future of Energy 🌟 The Bundesministerium für Wirtschaft und Klimaschutz is planning a rigorous dismantling of the gas network by 2045. But is that really the right approach? Dr. Thomas Klaue , CEO of SIQENS GmbH, urges a reassessment of these plans. 💡 Technological openness is the key: In a time when the future of the energy sector is still uncertain, we should not act hastily. The existing gas infrastructure could be used for the transport of green hydrogen, a sustainable solution for industry and communities. 🔍 Careful examination is essential: Why should we destroy a functioning #infrastructure that is already suitable for hydrogen? A parallel use of #gaspipelines and hydrogen pipelines would be efficient and cost-effective. 🚫 No blind action: Instead of pursuing blind activism, we should act rationally. Utilizing existing infrastructure and proven technologies will accelerate #decarbonization and support the #economiclocation of Germany. Together, we can shape a sustainable energy future. Do you agree? Share your thoughts with us! 💬 You can read the full interview in #Themenmagazin here: https://lnkd.in/d3GwXvjn

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The future of Europe’s energy security and competitiveness needs a robust, interconnected #DCOverlayGrid. This grid will become the essential backbone for transporting #renewableenergy across long distances, connecting #offshore wind farms in the North Sea - our #GreenPowerhouse - and industrial centers across Germany and Europe. To dive into this pivotal milestone in our energy transition, I had the pleasure of opening TenneT’s first #DCGridVisionConference in Berlin today with Giles Dickson, CEO of WindEurope. At TenneT, we believe that the DC Overlay Grid is key to scaling offshore wind and securing Germany’s and Europe’s industrial future. Achieving this vision requires longterm planning to allow investment, paired with the flexibility to adapt to shifting markets and technologies. In addition we strengthen the supply chain with #FrameworkAgreements for supplier security and #standardization for serial production. Cross-border collaboration is crucial. By connecting Europe’s grids, we aim to enhance efficiency, reduce costs, and strengthen energy security – in Germany and in Europe. The future of our energy transition hinges on a shared #DCVision and collaborative action. Together, we can make it a reality. #LightingTheWayAheadTogether

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On May 22, 2024, Oleksandr Podprugin, Vice Chair of UWEA and Country Manager for Ukraine at NOTUS energy Unternehmensgruppe took part in an online event, co-organized by the German Renewable Energy Federation (Bundesverband Erneuerbare Energie e.V. (BEE), Global 100% RE Ukraine, and the German-Ukrainian Energy Partnership, aimed to set the agenda for the upcoming Ukraine Recovery Conference (#URC2024). The virtual meeting brought together stakeholders from Ukraine 🇺🇦 and Germany 🇩🇪 to discuss the critical role of #renewable energy companies in the #green recovery of #Ukraine. The event focused on identifying political actions and reforms needed to support renewable energy initiatives and overcome financial bottlenecks. During his address, Oleksandr Podprugin highlighted the urgent need for new #wind energy projects in Ukraine. He emphasized the significant challenges facing the sector, particularly the cancellation of the state feed-in tariff, which has stalled new projects and impacted the financial viability of wind energy initiatives. 💬 Podprugin stated, "The key obstacle for launching renewable energy projects at the scale needed for Ukraine is the absence of suitable financial and commercial structures. There must be a bridge between ready-to-build projects and the funds available for Ukraine." He also called for creating a Ukrainian Sustainability Fund, supported by international donors, to provide financial certainty and mitigate commercial risks for private sector projects. This fund would complement existing investment guarantees covering political and war-related impacts. The discussions from this event will contribute to the statements and demands to be presented at the URC 2024 in Berlin, scheduled for June 11-12, 2024.

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CCU or Our Future to “Defossile” Our Economy A very nice conference hosted by #Evolen, #CO2ValueEurope and driven by Celia Jual Sapart. Here's a brief intro and key links to know more:: The EU needs CCU to achieve climate neutrality. As fossil fuels are used in various forms throughout our economy, both as fuel and as feedstock for chemical products, we need to consider solutions for these uses. CCU aims to capture CO2 and convert it into products: chemicals products used across the industry, synthetic fuel (e-fuels) or even building materials (cement, aggregate, concrete). By replacing fossil products, CCU introduces the concept of carbon circularity and allows us to envision a "Net Zero" and "Fossil Free" future. What impact? by 2050, CCU can play a crucial role in “defossilizing” industry and reducing its greenhouse gas emissions by at least 20%, based on the CO2 Value Europe model. By 2030, most of the CO2 reduction would be related to CO2 use for Chemical products. The next event on this topic will be on 31rst of May for those interested (link in comment below). Links to the full report also in comments below

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I am proud to be one of three experts to be cited in the latest Frankfurter Allgemeine Zeitung article about the difficult market development in green #hydrogen - besides Werner Ponikwar from thyssenkrupp nucera and Katherina Reiche form Westenergie. The current situation in the clean hydrogen market uptake is unsatisfactory for all ecosystem players and Europe's as well as Germany's ambitions for 2030 are severely endangered - last chance for regulators to start easing conditions and enabling the required funding as done more than 20 years ago for renewable power as well! Find the article here:  https://lnkd.in/efZwiBSk and our latest hydrogen study "Navigating the global hydrogen ecosystem" here: https://lnkd.in/eEh-vP_z Folker Trepte Juergen Peterseim Florian Schäfer Florian Medwed Sebastian Föllner Anna Went Dr. Johannes Schneider Annabelle Kliesing Marcus Theurer

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Because it does matter. The upcoming EU election will be one of the most important in recent history. Populist parties are on the rise. Hate and intolerance are on the rise. Across Europe. Pretending to have simple answers to complex challenges. It is a lie. I am concerned about our democracies if we let the loud minorities determine the public debate. Taking a stance and standing up for our values is imperative these days. We believe an open and tolerant society is directly linked with prosperity and freedom. Very impressive video storytelling to remember all of us what is at stake at the ballots. #Europe #democracy #values https://lnkd.in/ewBmgAJW

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How to Understand Global Power Competition and Energy Trade? This year, Mission Grey participates in the Deutsche-Finnisches Business Forum. The event, organized by AHK Finnland in Düsseldorf, is focused on #energy transition and the prospect of an emerging post-fossil world. Mission Grey's #AI tools help companies and decision-makers understand geoeconomic and geopolitical dimensions of energy production and global energy trade, enabling better business risk-management and more sustainable policies than ever before. #EnergyTrade #EnergyTransition #Geopolitics #Geoeconomics #RiskManagement #SupplyChain #GlobalBusiness #Investment

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