Enel’s commitment to decarbonization
Not all electricity is generated in the same way and, on a global level, electric energy production from fossil fuels contributes to the emissions that are causing climate change. It is therefore vitally important to produce electricity without CO2 emissions: at the moment, 66% of the Enel Group’s energy is generated in this way and we are committed to increasing that figure to 85% by 2030. We have also doubled down on our commitment to completely eliminating the use of fossil fuels, by bringing our target date forward from 2050 to 2040.
Each year, we invest in building new plants that produce only clean energy using renewable sources such as sun, wind and water. We are one of the largest companies in the world in terms of installed renewable capacity, which accounts for 60% of our total capacity, and our goal is to make that 80% by 2030.
Obviously, our commitment also extends to our customers whom we are providing with the tools required to play an active role in the current energy transition. Through the Demand Response services offered by Enel X Global Retail, companies can earn revenue by selling any excess energy they generate or they can use our storage systems to store energy generated from renewable sources and then draw on it at peak times. Today our Demand Response services have a capacity of 8 GW but we have set ourselves a target of 20 GW by 2030.
The transport sector can and must make a fundamental contribution to cutting emissions. Electric mobility is not a mirage; the rapid development of this particular market proves that the technology has matured and is now ready to take the place of traditional combustion engine vehicles. Right now, we are managing over 380,000 charging points for e-car users, and we are committed to installing over five million by 2030.
At the same time, we are constantly working to drive the digitalization of grids and services. As pioneers of smart meters – digital devices we began using as a replacement for traditional mechanical electricity meters for consumers – we are aiming to have upped their number from the 45.3 million currently installed to over 80 million worldwide by 2030.
Furthermore, we feel that battery storage is the key to achieving zero CO2 emissions and so we are aiming to reach around 10,000 MW of battery storage by 2030 compared to the 448 MW-plus currently available, in order to guarantee a complete and just energy transition.