2024 could be hydropower’s year

illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:

🗞️ Driving the news: The hydropower industry in Europe is seeking increased attention and support as EU energy policies evolve
• Favorable weather in late 2023 and early 2024 has boosted hydropower production, helping the industry rebound from a significant decline during the 2022 energy crisis

🔭 The context: Hydropower faced a 20% production drop in 2022 due to drought but saw a 15% recovery in 2023, approaching 2021 production levels
• Despite its recovery, the industry struggles with political support and public perception, facing opposition from environmental movements and political factions

🌍 Why it matters for the planet: Hydropower is a crucial component of Europe's renewable energy strategy, providing significant flexibility and stability to the power grid

⏭️ What's next: The hydropower sector is pushing for greater recognition and support from EU policymakers
• A new Energy Commissioner sympathetic to hydropower could influence future policies, potentially boosting the industry’s prospects

💬 One quote: "To let foreign competitors operate French dams. This is not an option,” said Economy Minister Bruno Le Maire in March.

📈 One stat: Hydropower saw a 15% rebound in 2023, reaching 315 terawatt-hours.

Click for more news covering the latest on energy