Industrial Electrification 2024

Conclusion4 Implementing the actions outlined in this paper will strengthen the business case for industrial electrification, addressing key challenges and driving rapid decarbonization while unlocking significant investment opportunities. TABLE 1 Industry electrification strategies to address core challenges in Europe Action/strategyClean power availability and priceLimited financing supportRisk aversion for new technologies Public-private partnerships1Collaborate on shared regional vision and action plans across the value chain 2Create integrated public funding and risk-sharing models 3Develop regional certified financial models for electrification investment Business and market enablers4Support the development of a mature vendor and supplier ecosystem 5Streamline access to private finance and investment support 6Capture and expand markets for green products Regulartory ideas for Europe7Consider advancing proposed revisions to the Energy Taxation Directive 8Amend the Industrial Emissions Directive 9Ensure EU Action Plan for Grids targets industrial electrification Industrial Electrification: Strategies and Policies for Europe 10