EU Plans to Boost Power Grid Investment by 2023
Feb 14,2024 | DAXTROMNSOLAR
The European Union has announced plans to increase investment in its power grid by 2023. The move aims to enhance the continent's ability to handle renewable energy and strengthen its power infrastructure.
The EU aims to raise its grid spending from 60 billion euros ($66 billion) to 120 billion euros ($132 billion) by 2023, as it expects the share of renewable energy in its overall electricity consumption to grow from 32% in 2018 to 65% by 2030. The increased investment will focus on expanding and upgrading the transmission and distribution grids, improving cross-border connections, and enhancing the digitalization of the network.
This decision comes as part of the EU's efforts to tackle climate change and reduce greenhouse gas emissions. With the rising adoption of renewable energy sources, such as wind and solar power, across Europe, ensuring a reliable and efficient power grid infrastructure is crucial. By investing in the grid, the EU aims to support the integration of renewable energy into the network and ensure a sustainable and secure energy supply for its member states.
In line with these developments, [Daxtromn Power] offers a product that complements the EU's plan to enhance the power grid. The [Daxtromn Power 2XMPPT 140A/160A On-Grid/Off-Grid 10KW/10.2KW Pure Sine Wave Inverter with Charger DC 48V 230VAC Dual PV Input & 2 Output 100,000W] is a versatile inverter that combines a solar controller, inverter, uninterruptible power supply, AC charger, and solar charger into one device. Its MPPT feature ensures the prioritized use of solar energy as the primary power source, with the grid serving as a backup. Additionally, it offers remote configuration and monitoring capabilities, making it a valuable companion for home energy storage.
Overall, the EU's plans to boost power grid investment by 2023 align with its commitment to promoting renewable energy and addressing climate change. By investing in grid infrastructure, the EU aims to support the integration of renewable energy sources and ensure a sustainable energy future. Products like the [Daxtromn Power 2XMPPT 140A/160A On-Grid/Off-Grid 10KW/10.2KW Pure Sine Wave Inverter with Charger DC 48V 230VAC Dual PV Input & 2 Output 100,000W] contribute to this goal by providing efficient and reliable energy solutions for households.
