echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > By 2026, E.ON will spend $22 billion to expand the power grid

    By 2026, E.ON will spend $22 billion to expand the power grid

    • Last Update: 2023-01-06
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    German energy company E.
    ON plans to spend 22 billion euros by 2026 to expand the grid and about 2 billion euros to advance a digital investment offensive aimed at supporting the energy transition
    .

    E.
    ON said energy grid investments will increase by €1 billion annually over the next five years in preparation for the expansion of green power, as the company expects to integrate 35-40 GW of additional renewable energy capacity
    during this period.

    Another key issue in the company's five-year strategy is digitalization, with around €2 billion invested in the digitalization of grid planning, monitoring and control to enable fully digital control
    of its infrastructure at all voltage levels.

    Green hydrogen is also part of E.
    ON's growth plan, which will leverage its existing natural gas distribution network to expand its presence in the region and provide green fuels
    to industrial small and medium-sized businesses.

    In addition, around 5,000 charging points will be built by 2026 to expand E.
    ON's EV charging infrastructure, while an annual investment of €5-600 million will be made in climate-friendly distributed energy infrastructure solutions
    .

    To finance the investment, E.
    ON plans to raise €2 billion to €4 billion through
    the sale of businesses that do not meet the company's standards for growth, sustainability and digitalization.

    German energy company E.
    ON plans to spend 22 billion euros by 2026 to expand the grid and about 2 billion euros to advance a digital investment offensive aimed at supporting the energy transition
    .

    E.
    ON said energy grid investments will increase by €1 billion annually over the next five years in preparation for the expansion of green power, as the company expects to integrate 35-40 GW of additional renewable energy capacity
    during this period.

    Another key issue in the company's five-year strategy is digitalization, with around €2 billion invested in the digitalization of grid planning, monitoring and control to enable fully digital control
    of its infrastructure at all voltage levels.

    Green hydrogen is also part of E.
    ON's growth plan, which will leverage its existing natural gas distribution network to expand its presence in the region and provide green fuels
    to industrial small and medium-sized businesses.

    In addition, around 5,000 charging points will be built by 2026 to expand E.
    ON's EV charging infrastructure, while an annual investment of €5-600 million will be made in climate-friendly distributed energy infrastructure solutions
    .

    To finance the investment, E.
    ON plans to raise €2 billion to €4 billion through
    the sale of businesses that do not meet the company's standards for growth, sustainability and digitalization.

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.