IEA Energy Policy Review for Belgium – update 2022
Yesterday, the International Energy Agency (IEA) released its Energy Policy Review for Belgium. The report highlights the significant efforts which have been taken over the past years, resulting in nice numbers.
💨 Belgium has the 6th highest offshore wind capacity worldwide
🍃 The share of renewable energy has increased from 6% to 12%
But the report also highlights that we face significant challenges ahead.
🛢️ 71% of all energy is still coming from fossil fuels, with industry and transport being the largest consumers.
⚡️ Electrification is hampered by the current tariff structures, with high costs for electricity consumption and low costs for gas and oil.
At ENTRAS we help shape the energy transition by solving complex industrial energy questions. That is why Frank Alaerts and Jeroen Vanfraechem founded the company and gave it its current name: ENergy TRAnsition Services!
We love to get in touch with you to assist with concrete projects or to brainstorm on your company’s energy vision.
Read more on load shifting with flexible assets in this 3rd post on the opportunities in the EU energy crisis.
Read more on arbitrage with multi-energy systems in this 2nd post on the opportunities in the EU energy crisis.
Read more on valorisation of flexible assets and arbitrage with multi-energy systems in our upcoming blog posts.
Importing renewable energy and balancing the grid by power-to-X applications will be essential elements of the energy transition.
As Data Scientist, you are a key member of our project team. You will participate in every phase of the project development …
What lessons can CHP owners learn from the first four months of 2020? Looking back at the electricity market in Belgium we …
How can algorithms help you making best use of your energy assets?
Green Hydrogen is the new gold (without even having to dig)
The Net Present Value (NPV) method is widely known and used throughout the industry to underpin investment decisions …