Informal Energy Council to discuss investments in energy

New energy technologies and business and investment opportunities in Europe are the focus of the informal Energy Council taking place in Luxembourg today, September 23.

The meeting will be attended by Europe’s energy ministers, Jyrki Katainen, the EU Vice-President for jobs, growth, investment and competitiveness, and Miguel Arias Cañete, European Commissioner for climate action and energy.

It is set to call for further cooperation between EU countries on research and innovation in new energy technologies under the Strategic Energy Technology Plan (SET-Plan), and under the Energy Union research and innovation priority.

At the meeting, sessions are devoted to new energy technologies – such as tidal lagoon power, battery storage, and European success stories like wind power – and their business potential, as well as issues such as energy and development aid.

The recently upgraded SET-Plan will help achieve the research and innovation dimension of the EU’s Energy Union, according to the European Commission.

Discussion will also centre on the EU financing tools that will boost investment in Europe’s energy transition.

Image: EC