The Green Industrial Grids Association (GIGA) has been established by a group of leading European energy companies developing innovative technologies for electricity grids.
The association was created to support a fundamental transformation of Europe’s electricity system by accelerating the development of modern and digital electricity grids.
GIGA comes to fill an important gap by bringing together companies with common electricity needs. Its aim is to provide practical, user-oriented information on grid access, system design and modernization, issues that are currently missing from European energy discussions.
GIGA’s founding members include Amazon, Electra, Fastned, Google, Hitachi Energy, Linde, Meta, Metlen, Milence, Microsoft and Siemens Energy. Together, they represent a wide range of electricity consumers and technology providers, with a shared commitment to transforming European grids to support a clean, competitive and “green” economy.
“European networks must evolve to meet growing demand”
As highlighted in the relevant announcement, “electricity demand is growing rapidly across Europe, as industry accelerates electrification, digital services expand and consumers adopt clean technologies.
However, European networks have not evolved at the same speed. Aging infrastructure, lengthy licensing procedures and multi-year connection queues now limit the ability of businesses and citizens to access clean and affordable electricity when they need it. As the European Commission pointed out, addressing these challenges requires significant investment, with estimated needs of 1.2 trillion euros for electricity network infrastructure by 2040.”
Creating the conditions for a modern electricity system
GIGA will promote a comprehensive transformation of the grids, focusing on the following directions:
-Future-oriented grid design – Closer collaboration with consumers, so that grid development takes place where it is most needed.
-Freeing up capital for grid expansion – Mobilizing third-party financing to accelerate investments and optimization, as well as investments that are made in a timely manner, so that suppliers can plan better and avoid delays in the supply chain.
-Maximizing the use of existing grids – Developing technological solutions, such as Grid Enhancing Technologies (GETs), flexible connection agreements and targeted incentives for rapid grid decongestion.
-Accelerating access to electricity – Moving from a “first-come-first-served” model to a “first-ready-first-out” system, with capacity allocation based on project maturity, improving application processing and enhancing transparency.
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