Forging a path to the energy transition

Austrian Renewable Energy Expansion Act (EAG) ensures liberaliziation
The basis of the energy transition is the decentralization of energy generation. With the Renewable Energy Expansion Act (EAG), Austria is now taking a pioneering role worldwide in the liberalization of the energy infrastructure. An urgently needed step, as Walter Kreisel, founder and CEO of neoom said: “We at neoom are convinced that the energy transition will only be possible if everyone has the opportunity to profitably participate in energy generation.” An important building block for this is the option of energy communities which has now been established.
Austria’s renewable energy targets are ambitious. By 2030, electricity demand is to be covered entirely from renewable energy sources over the course of the year. This will require an additional 27 terawatt hours of electricity generation capacity. The Renewable Energy Act now defines the framework conditions under which the expansion of green electricity should be possible in less than ten years.
Forging a path to the future
In addition to market premium models, there will be investment subsidies. This will enable existing facilities to be converted and existing electricity storage systems to be expanded. In this way, the potential that already exists can be leveraged. “The EAG is a cornerstone in the expansion of sustainable energy generation. The decision was urgently needed so that we can finally push ahead with the necessary change. This is exactly what we have been waiting for. Now, together with our partner companies and our customers, we can make an even better contribution to the energy transition,” Walter Kreisel is pleased to say.News from the
neoom world
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