Europe needs to do more to boost supply chain self-sufficiency in renewable energy, the head of French utility Engie has warned, as huge US subsidies help it steal a march in creating an independent green tech industry.
Catherine MacGregor, the gas distributor’s chief executive, said it was branching heavily into renewables in Europe as well as the US, where Joe Biden’s $369bn package of tax breaks and incentives was “spurring quite a bit of interest” from the group to pursue hydrogen and battery storage projects.
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