Last week’s EU Competitiveness Compass rightly recognises that updating energy infrastructure and electricity grids is essential for Europe’s competitiveness. SuperNode welcomes this focus; without cutting-edge grid innovation and high-capacity technology, Europe will fall behind.
SuperNode CEO, John Fitzgerald, said:
“If Europe is serious about competitiveness, we must invest in the infrastructure that will power our future. Modernising our grids with high-capacity technology is essential to delivering secure, affordable, and clean energy. By prioritising innovative grid technologies, we can build a modernised, high-capacity grid that can efficiently transport the power we need.”
Superconducting cables offer a key solution to grid modernisation. They are more energy-efficient, with high transmission capacity, reduced space needs, and lower material use compared to traditional cables. For Europe to facilitate access to secure and affordable energy, the EU must support the development and deployment of cutting-edge grid technologies like superconducting cables.
In CurrENT’s response, Secretary General Layla Sawyer noted that a major challenge for innovative grid technology companies is transitioning from pilot projects to widespread deployment. “Many of our members are currently choosing to prioritise investments outside of the EU, to the detriment of European competitiveness,” she noted.
These innovative grid technologies can help achieve EU goals outlined in the Competitiveness Compass, including a reduced dependency on imported fossil fuels. To achieve this, the proposed measures in the Competitiveness Compass must be implemented swiftly and effectively.
You can read CurrENT’s full response here.