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Europe's Cooling Crisis | Business and Finance News
Description
Europe’s power grids are under siege as record heatwaves drive a surge in air conditioning use, straining supplies and skyrocketing prices. With temperatures soaring past 40°C across Germany, France, and Spain, electricity demand jumped sharply—Germany up 129 GWh, France even more—forcing reliance on expensive fossil fuels as wind power dipped and nuclear plants throttled back due to overheated cooling water. While cooling still lags behind electric cars and data centers, its share of EU energy use has doubled since 2015, signaling a future where grid resilience, efficiency, and solar power will be critical to managing both comfort and public safety.
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