Join the U.S. Commercial Service for its continuing series of virtual Coffee Chats highlighting renewable energy business opportunities for U.S. companies. This session will focus on Italy, the Netherlands, and Cyprus, and will include market observations, business opportunities, and highlights in the industry from the newly released 2021 Energy Export Resource Guides.
Why Italy?: Renewable Energy is vital to Italy’s current and future economic development. Italy ranks third in Europe both for renewable power consumption and for electrical and thermal power production from renewables. U.S. exporters can find opportunities in Italy in hydrogen-related technologies, energy storage and by working with major Italian energy companies.
Why Netherlands?: The current government is committed to a 49% reduction in carbon emissions by 2030. This goal will primarily be achieved through North Sea wind farms and solar farms. There are also opportunities for U.S. companies in the development of smart grids and smart energy networks.
Why Cyprus?:The Republic of Cyprus is shifting its focus on renewable energy as part of its strategy to meet EU Green Deal goals and to avoid significant EU carbon emission penalties. Over $1.18 billion will be allocated in the next five years for a swift transition to a green economy, with solar power, energy storage technologies, and possibly hydrogen at the forefront. U.S. companies could find significant opportunities to provide products or services (e.g., consulting