German company ThyssenKrupp Nucera, which manufactures electrolysers used to produce green hydrogen, has seen its order intake fall by 26% over the last six months. ThyssenKrupp's difficulties echo statements made by groups such as Engie and Iberdrola. Engie has postponed its electrolysis capacity installation targets by 5 years

According to a study by ENTSO-E, the European association of grid operators, the profitability of many thermal power stations could be threatened as early as 2025. 37,800 MW of coal, lignite, heavy fuel oil and gas plants would cease to be competitive, leading to their outright closure or mothballing.

According to Wood Mackenzie, the European Union may not achieve the climate targets it has set itself. With the crisis, the European Commission has placed the emphasis on security of supply and energy sovereignty to the detriment of reducing greenhouse gas emissions. On the basis of the policies currently being