Feb 11 β€’ 09:56 UTC πŸ‡±πŸ‡» Latvia LSM

A Year in the European Energy System: Baltic Electricity Supply Has Become Safer, But Resilience Needs Strengthening

Experts discussed increasing electricity production in the Baltic states to lower consumer prices and bolster industry resilience.

During discussions among experts regarding the Baltic energy sector, the emphasis was placed on the importance of increasing local electricity production. It was highlighted that a rise in local generation would not only lower electricity prices for consumers but also represent one of the critical growth areas for the industry. The interconnectedness of energy production, distribution, and industry is crucial, and there is a strong call for educated engineers capable of taking calculated risks based on scientific research to drive this progress forward.

Eimon Lanojs, a leading researcher from the Electricity Research Institute, emphasized the necessity of having sufficient capacity and an efficient delivery system while underlining the importance of skilled professionals in this transformation. He pointed out that just as during the establishment of the European energy system in the 1960s and 70s, today’s energy challenges also require innovative and educated individuals to lead the charge. Alongside competent engineering, the collaboration between industry players and academic institutions is essential for sustained development in the sector.

Moreover, researchers acknowledged existing competition in the energy sector, both in terms of market and workforce. Attracting investment becomes vital to create an accessible energy landscape that can foster industrial development. They underscored that fostering local production and resilience is not just a necessity for the market but a strategic move to enhance the overall economic stability of the Baltic region amidst global energy shifts.

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