Redefining Energy 188. US/Petrostate vs EU/Electrostate – a joint episode with Open Circuit
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Jul 28, 2025 
Stephen Lacey, Executive Editor at Latitude Media and host of Open Circuit, joins Jigar Shah, Co-Managing Partner at Multiplier and former DOE director. They discuss the widening energy rift between the U.S. and Europe, sparked by shifting geopolitical tides. The conversation highlights Europe's urgent push for energy independence amid reliance on external sources and implications from the Inflation Reduction Act. They also explore the competitive solar and battery landscape, stressing the need for collaboration to ensure a sustainable future.
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Europe's Energy Independence Urgency
- Europe's dependency on fossil fuels from Russia has highlighted the urgent need for energy independence.
- Electrification is the clear path forward, though Europe's direction remains uncertain.
US-Europe Energy Divergence
- Twenty years ago, US and Europe had aligned energy markets but now they have diverged due to US energy dominance.
- US power prices dropped dramatically while European prices increased, reshaping political interests.
Security Drives Europe's Transition
- Europe's energy transition motivation shifted from primarily environmentalism to security after Russia's invasion of Ukraine.
- The 2020s are more disruptive and geopolitics now deeply influence the energy agenda.
