Electricity, the energy vector of the future

The Electrify 2030 study was carried out by The European House - Ambrosetti in collaboration with Enel X and the Enel Foundation and presented at Cernobbio during the 44th The European House - Ambrosetti Forum

Published on 26 September 2018

Electricity, the energy vector of the future

There’s a theme linking new industrial value chains, new jobs and new investments, a common theme that has developed over recent years and offers unprecedented opportunities: it goes by the name of electrification.  

Electrification is a factor enabling economic development, sustainability and resilience, as well as being a crucial lever in reducing CO2 emissions.

These subjects all feature significantly in the results of the analysis and recommendations of the Electrify 2030 study carried out by The European House - Ambrosetti in collaboration with Enel X and the Enel Foundation, presented during the Cernobbio Forum.


The research in figures

The study’s findings were presented at Cernobbio and what stood out in particular is that the outlook for Italy is positive. The country’s current electrification level stands at 21%, and according to the scenarios presented this could reach between 24% and 30% by 2030.

The sector offering the greatest potential for electrification is transport, a value chain in which 160,000 potentially involved companies can be identified along with a total workforce of 820,000 and a turnover of 420 billion euro, a figure that is projected to grow by between 102.4 to 456.6 billion euros by 2030.

In Italy the industrial value chain of electrification technology potentially comprises 17,000 companies with over 320,000 employees and a total turnover of around 80 billion euro. The study identifies six key electrification technologies: heat pumps, LED lights, electrochemical storage systems, electrical drives, power electronics and energy management systems which could generate an estimated total turnover of between 135 and 326.5 billion euro in 2030.

The advantage of this study is that it is the first to provide an analysis of the entire value chain resulting from electrification from now to 2030, mapping the capabilities of the national system and examining its strengths and weaknesses. It is therefore a fundamental instrument at the service of both the business world and policy makers, providing a genuine assessment of the potential offered by the energy transition and a chance to focus efforts on those sectors with the greatest development possibilities

Francesco Starace

CEO and General Manager of Enel

Charging infrastructure is expanding and battery prices are dropping. We think that e-cars will soon become accessible to the average Italian family, so we will be seeing a mass market phenomenon

Francesco Venturini

 CEO of Enel X

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