Europe’s lifelines are too old.

Eliška Volencová   The European Correspondent29 June 2026
Since the closure of the Strait of Hormuz, Europeans have paid more for their electricity – except in Spain.

The average Spanish household has actually saved around €10 per month since the start of the war on Iran. Thanks to the country’s commitment to renewable energy.

To replicate Spain’s success across Europe, massive upgrades are needed. And all stands and falls with our grids.