Dealroom – The Electrification of Europe, 2024

The current reliance on fossil fuels for business growth is causing environmental degradation, but there is an opportunity to replace 75% of fossil fuel consumption with clean energy production. SAP is positioned to assist companies in transitioning to more sustainable business models and supporting scaleups with industry knowledge and cloud solutions. GROW with SAP for scaleups offers tools, services, and solutions to help companies grow sustainably, with a focus on electrifying sectors like climate tech, energy, transportation, buildings, and industry. The European Climate Tech funding is increasing, with a significant portion going towards Energy and Electrification industries. Transitioning away from fossil fuels involves powering electricity with clean sources and electrifying various sectors for cost savings and energy security benefits.