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German energy company E.
ON plans to spend 22 billion euros by 2026 to expand the grid and about 2 billion euros to advance a digital investment offensive aimed at supporting the energy transition
.
E.
ON said energy grid investments will increase by €1 billion annually over the next five years in preparation for the expansion of green power, as the company expects to integrate 35-40 GW of additional renewable energy capacity
during this period.
Another key issue in the company's five-year strategy is digitalization, with around €2 billion invested in the digitalization of grid planning, monitoring and control to enable fully digital control
of its infrastructure at all voltage levels.
Green hydrogen is also part of E.
ON's growth plan, which will leverage its existing natural gas distribution network to expand its presence in the region and provide green fuels
to industrial small and medium-sized businesses.
In addition, around 5,000 charging points will be built by 2026 to expand E.
ON's EV charging infrastructure, while an annual investment of €5-600 million will be made in climate-friendly distributed energy infrastructure solutions
.
To finance the investment, E.
ON plans to raise €2 billion to €4 billion through
the sale of businesses that do not meet the company's standards for growth, sustainability and digitalization.
German energy company E.
ON plans to spend 22 billion euros by 2026 to expand the grid and about 2 billion euros to advance a digital investment offensive aimed at supporting the energy transition
.
E.
ON said energy grid investments will increase by €1 billion annually over the next five years in preparation for the expansion of green power, as the company expects to integrate 35-40 GW of additional renewable energy capacity
during this period.
Another key issue in the company's five-year strategy is digitalization, with around €2 billion invested in the digitalization of grid planning, monitoring and control to enable fully digital control
of its infrastructure at all voltage levels.
Green hydrogen is also part of E.
ON's growth plan, which will leverage its existing natural gas distribution network to expand its presence in the region and provide green fuels
to industrial small and medium-sized businesses.
In addition, around 5,000 charging points will be built by 2026 to expand E.
ON's EV charging infrastructure, while an annual investment of €5-600 million will be made in climate-friendly distributed energy infrastructure solutions
.
To finance the investment, E.
ON plans to raise €2 billion to €4 billion through
the sale of businesses that do not meet the company's standards for growth, sustainability and digitalization.
