On Jan. 26, leaders and energy ministers convened at the North Sea Summit in Hamburg, Germany, with the goal of strengthening cooperation to support the offshore energy sector. At this year’s summit, attending countries committed to speeding up the development of offshore energy and hydrogen through several initiatives, while making European industry more globally competitive, according to the European Commission.
The European commission reports a series of declarations were signed at the summit that set out specific actions and timelines to de-risk investments to connect electricity grids across borders in the region and strengthen the energy system against physical, cyber or hybrid attacks. In doing so, this makes the region less dependent on expensive fossil fuel imports. During the event, a declaration on building a North Seas power hub for a resilient and competitive Europe was signed. In addition, the region’s leaders, industry and transmission systems operators als
