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Vittenfall Chief Magnus Holds President’s Position at Eurolectric

Magnus Hall, the president of Swedish energy firm Vattenfall, recently took over the presidency of European electrical energy group Euroelectric.

He succeeds Francesco Starace, chief executive of Enel, who led Eurolectric as president for the past two years.

Hall’s priorities throughout his two-year charge will be to keeping the efforts of the electrical energy industry to become carbon-impartial by 2045 and play a key position in Europe’s vitality transition.

“Electrification is an important factor enabler of a carbon-impartial future in Europe,” he mentioned, as his appointment was introduced at Euroelectric’s annual summit in Florence, Italy.

“We need to get along with policymakers and trade to speed up electrification in transport, heating, and business.

He stated that he wished to steer Europe’s power transition in the direction of a system powered by carbon-impartial electricity, supported by a finest-in-class model for electrical energy distribution. His firm Vattenfall needs to make fossil-free living attainable within one era, and already about 75% of its electricity is fossil free.

Further precedence for Hall shall be to realize better insights into the needs of consumers and establish new methods to help them in adopting low-carbon profile.

Patrick O’Doherty, chief executive of Irish utility ESB, and Leonhard Birnbaum, board member of German power giant E.ON. are newly-elected to Euroelectric as vice-presidents.

Former president Francesco Starace has overseen a modification of Euroelectric, which noticed the adoption of a brand new business imaginative and prescient and technique, the streamlining of its internal structure and the introduction of a complete rebranding.

“These have been too difficult and busy two years, wherein I’m proud to have held the association through an amazing transformation, whereby electrification and decarbonization have turned into the bywords of our trade,”

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