At the G7, a U.S.-European team submitted a study report aimed at solving Europe’s energy crisis. The group then reported to Ursula von der Leyen and US President Joe Biden. Among the solutions are projects to install tools that help households reduce their energy consumption. US companies could then supply the EU with smart thermostats by the end of the year.
Smart thermostats in European homes
Currently, Europe is limiting its imports of Russian hydrocarbons and is having difficulty finding new suppliers. The report therefore calls for a reduction in energy consumption and the installation of energy-saving equipment. The working group was set up last March to boost cooperation between Washington and Brussels.
Connected to the internet, a smart thermostat allows to automatically adjust the temperature of the house. Thus, the tool could help European households to limit their energy consumption. Thanks to this technology, households could also see a decrease in the price of their bills.
The project seeks to get EU countries to collaborate with US companies. 1.5 million smart thermostats could be installed by the end of 2022. The group also advocates other energy-saving solutions, such as the use of heat pumps.
The United States supports Europe
Since the beginning of the Ukrainian crisis, the United States has come to the aid of its European allies. Last March, Washington pledged to supply Europe with 15 billion cubic meters of LNG before 2023. Europe’s gas imports have increased by 75% since February, and those from the United States have tripled.
Washington is providing Brussels with resources and tools to help their allies through the crisis. Cooperation between the Americans and the Europeans is thus strengthened. U.S. industries should then continue to provide solutions to the EU.