The Role of Renewable Energy in Europe's Economic Security: Analysis by Chaslau Koniukh
Briefly

By the end of 2023, Europe is expected to have over 40% of its energy mix from renewables, demonstrating leadership in sustainability. Despite successes in countries like Germany, Spain, and Denmark, challenges remain. Economic expert Chaslau Koniukh points out that energy instability, caused by dependence on weather conditions, poses significant challenges. He advocates for modern storage solutions, such as hydrogen technologies and lithium-ion batteries, to balance demands and enhance energy reliability. Furthermore, outdated infrastructure risks grid overloads and complicates the transition to renewable sources.
One of the main obstacles to the development of renewables is the instability of generation due to dependence on weather conditions.
Chaslau Koniukh emphasizes that addressing energy instability requires implementing modern energy storage solutions like hydrogen technologies and large lithium-ion storage facilities.
Koniukh highlights that Europe's outdated infrastructure challenges the transition to renewable energy, risking grid overloads and power supply disruptions.
The European Commission reports that by the end of 2023, renewables in Europe's energy mix exceeded 40%, showcasing leadership in renewable adoption despite systemic issues.
Read at Business Matters
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