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Activity Report 2012 - Eurelectric

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InnovaTIon aCTIon<br />

pLan: shapInG EURopE’s<br />

InnovaTIon poLICy<br />

Europe’s power sector is currently undergoing major<br />

changes, opening up numerous possibilities for fascinating<br />

innovation related to the low-carbon transition.<br />

This transition can be perceived as an exciting<br />

opportunity, but also as a challenge. The power industry<br />

today must address topics that are still fairly new:<br />

e-mobility, smart grids, decentralised and variable<br />

generation, the link between electricity and ICT<br />

systems. It is preferable to anticipate this change rather<br />

than to run after the future – Europe cannot afford to<br />

miss the boat.<br />

The change is about technology and strategy, but also<br />

about mind-set, mentality and culture. Unfortunately,<br />

Europe’s policy on research and development, on innovation,<br />

and on investment in innovation is fragmented.<br />

There is a clear lack of prioritisation, coherence, and<br />

methodology. How is it possible that Europe, which<br />

has invested so heavily in new technologies like solar<br />

photovoltaic, has not been able to translate this into<br />

competitive advantages on the global market?<br />

16 eurelectric activity report <strong>2012</strong><br />

EURELECTRIC believes that the EU’s energy innovation<br />

policy framework must be improved. A well-developed,<br />

targeted innovation policy for energy is needed. Such a<br />

pragmatic refocusing will result in innovative, cuttingedge<br />

products that can be exported to the rest of<br />

the world.<br />

Our Innovation Action Plan strives, first, to anticipate<br />

the future, and seeks secondly to address the ‘how’ of<br />

innovation in Europe, developing recommendations for<br />

making it a success. Which technologies are driving<br />

the change? Which regulatory framework is needed to<br />

facilitate and support the change, to avoid setbacks,<br />

stranded investments and U-turns? The project is run by<br />

a dedicated task force and will build on the results of<br />

a study by McKinsey. A high-level conference and a<br />

specific panel at the EURELECTRIC Annual Conference<br />

in June 2013 will conclude the project.

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