The value of electricity grids for the competitiveness of the Basque Country
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2025
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Orkestra-Instituto Vasco de Competitividad
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The energy transition to decarbonisation involves new investments in electricity grids to integrate renewables, electric vehicle charging, and active consumer engagement. However, while worldwide investment in renewables has almost doubled since 2010, investment in grids has remained stable at USD 300 billion per year, becoming a bottleneck for the transition. Considering this and the existing entrepreneurship in the Autonomous Community of the Basque Country (ACBC) around electricity grids, this report aims to present the value of electricity grids by applying the Orkestra competitiveness framework (2021). This framework includes economic-business and welfare results, referencing the dynamic levers on which it will be possible to influence (natural capital, physical capital, financing, knowledge, human capital, and social and institutional capital). It also includes references to investment needs in the European Union (EU) and Spain regarding grids and a reflection on the opportunities associated with these investments for the companies of the value chain of electricity grids in the Basque Country.
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Mosquera López, S., & Larrea Basterra, M. (2025). The value of electricity grids for the competitiveness of the Basque Country. Orkestra-Instituto Vasco de Competitividad. https://doi.org/10.18543/ZHAX2253