![[BEST OF 2022] Energy Crisis in Europe](/wp-content/uploads/sites/3/iStock-1438193048.jpg)
What are the cutting-edge innovations that have made an impact in the industrial world this year? What was the major news not to be missed? This winter, we offer you the opportunity to relive the year 2022 from an industrial perspective. In this article, we focus on the energy crisis that is currently taking place in Europe.
This unprecedented energy crisis is the result of a number of factors, including changes in customer and investor sentiment, the drive towards carbon net zero, the COVID-19 pandemic, and particularly the ongoing war in Ukraine, which has seen Russian supplies of natural gas slashed to a fraction of their normal level.
We selected three different stories published in 2022 that give an outlook of the consequences of gas prices on industry and how businesses can navigate the crisis.
01/ Companies Are Pausing Production
September 1, 2022
French glass manufacturer Duralex is one of the first French companies which decided to pause its production this winter due to rising energy costs. The company needs a huge amount of gas to make its furnaces reach 1,300 °C which is becoming impossible to sustain with the current prices.
Following Duralex, another French company, ArcelorMittal announced it would partially shut down production at one of its blast furnaces near Marseille for the same reason.
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02/ How Can Companies Reduce Energy Bills?
October 12, 2022
Today the European energy market is experiencing extraordinary pressure. Gas prices in Europe are now about eight times the average of the past 10 years – and about eight times more expensive than prices in the United States. How can businesses make energy savings? Solutions exist to reduce energy bills.
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03/ How Can Data Help Businesses Navigate the Energy Crisis?
September 28, 2022
We talked to Paul Pinault, VP IIoT Product & Market Strategy at Braincube. The company developed a solution that utilizes industrial data to allow companies to optimize their energy consumption and manage potential shutdowns and restarts.
