“Decline is not inevitable, but it is the direction we are heading in if we fail to act with urgency.”
With this clear warning, stripped of rhetorical flourishes, former Italian Prime Minister and former European Central Bank President Mario Draghi and Patrick Collison (co-founder and CEO of fintech giant Stripe) announced the launch of Rhine Group, a new European think tank and policy and industrial action lab.
Led operationally by Spanish economist Luis Garicano, and bringing together key figures from Europe’s industrial, technological and institutional landscape — including Xavier Niel, Bruno Le Maire and Louis Dreyfus — Rhine Group has a clear mission: to turn the findings of the landmark “Draghi Report on European Competitiveness” into concrete reforms, regulatory initiatives and actionable industrial policies.
Its goal is to close the growing productivity and innovation gap separating the European Union from the United States and China, while overcoming the bureaucratic inertia and fragmented decision-making that continue to hold Brussels back.
But if technology, capital and digitalisation are the tracks along which this recovery must run, the primary and indispensable fuel of European competitiveness remains one thing: energy.
The European paradox: high energy costs and structural dependence
The founding manifesto of the Rhine Group, together with Draghi’s analysis, points to a clear point of no return: a continent cannot compete in the economy of the future, from computational power for Artificial Intelligence and data centres to industrial electrification, if it faces structurally higher energy costs, two or three times those of the United States and China.
Europe is paying the price for decades of short-sighted decisions:
- Exposure to geopolitical crises: dependence on fossil fuel imports — with foreign primary energy dependence exceeding 70% in many EU Member States, including Italy — has left the productive system exposed to the volatility of natural gas prices and conflicts along strategic trade routes.
- The gap with the United States: in the US, access to low-cost domestic fossil energy sources, combined with a massive push for subsidies supporting green industries and manufacturing, has created a competitive advantage that is difficult to match.
- China’s aggressive approach: Beijing controls dominant shares of the global clean technology supply chain — from photovoltaic panels and lithium cells to rare-earth processing putting Europe at risk of replacing its historic dependence on Russian gas with a new form of technological dependence on the East.
For the Rhine Group, protecting the European social model, welfare systems and public spending capacity ultimately depends on the ability to generate economic growth. And today, there can be no economic growth without energy security, independence and affordability.
Renewables and the green transition: not an ideological cost, but a pillar of energy security
One of the key merits of Mario Draghi’s argument is that it has stripped the green transition of its ideological overtones: renewables are not a moral obligation, but Europe’s most powerful geopolitical and national security asset.
The sun, wind and Europe’s territorial resources are the only primary energy sources the continent has in abundance without relying on hostile foreign suppliers or authoritarian regimes. Decarbonisation is therefore not simply about reducing greenhouse gas emissions, but above all about:
- Decoupling electricity prices from the marginal cost of gas, thereby stabilising the cost of electricity for businesses and households over the long term;
- Halting the outflow of hundreds of billions of euros that leave the euro area every year to purchase hydrocarbons from abroad;
- Ensuring the operational continuity of Europe’s manufacturing base, shielding it from financial speculation and supply shocks.
However, as highlighted by the debate promoted by the think tank’s experts, the uncontrolled expansion of renewable generation capacity risks reaching an impasse unless it is accompanied by infrastructure investment and a fundamental shift in market rules.
The three industrial challenges: grids, energy storage and demand response
To ensure that clean energy translates into genuine competitiveness, the European plan must address three critical challenges:
- Grid digitalisation and resilience: the electricity system is no longer hierarchical (from large-scale power plants to consumers), but polycentric and bidirectional. Millions of distributed generation assets require “smart” grids capable of preventing congestion and balancing generation at the local level.
- Energy storage and intermittency: solar and wind generation create surpluses during periods of high production that risk going to waste without adequate battery energy storage systems (BESS) and pumped-storage facilities. Flexibility is key to bridging the gap between generation peaks and consumption patterns.
- The evolution of demand (Demand Response): it is no longer enough for generation to adapt to consumption. Industrial loads, heat pumps, electric vehicle fleets and end consumers must also be able to modulate demand when renewable electricity is most abundant and affordable.
Raptech’s perspective: where energy governance meets data
The vision underpinning the Rhine Group, pragmatism, speed of decision-making, industrial scale and technological convergence, is closely aligned with the day-to-day work of those developing and deploying technologies for the energy transition.
Europe’s energy sovereignty will not be secured solely through treaties negotiated in Brussels or by allocating billions to cohesion funds. It will be won on construction sites, on industrial rooftops, in utility-scale renewable energy parks, and through the ability to manage the operational complexity of energy assets.
In this context, data is the primary enabler:
- Real-time and predictive monitoring: ensuring that every single kWh generated by solar and wind assets is tracked, optimised and integrated into the energy consumption of factories and local communities.
- Advanced asset management: minimising downtime, optimising performance and accelerating the operational response of technical teams, thereby reducing the OPEX of renewable energy investments.
- Integration of generation, storage and energy markets: providing software platforms capable of interfacing with open grid standards and supporting operators in managing flexibility and aggregating demand.
Mario Draghi’s call to “compete, build and return to growth” concerns the entire value chain: the green and energy transition will become a driver of European competitiveness only if it is supported by fit-for-purpose technological tools capable of turning installed capacity into genuine economic independence.
The challenge put forward by Mario Draghi through the Rhine Group makes one reality impossible to ignore: Europe’s industrial competitiveness and sovereignty depend fundamentally on its ability to guarantee energy security and independence. In an unstable geopolitical environment, renewable energy sources are not merely an environmental objective, but Europe’s strongest strategic safeguard against market volatility and dependence on fossil fuel imports. Solar and wind are valuable domestic resources, but their potential will remain only partially realised without the technological infrastructure needed to manage their flexibility, storage and integration into the grid.
For operators such as Raptech, this translates into a clear mission: turning the complexity of distributed generation into tangible value. Asset digitalisation, granular monitoring and intelligent data governance are indispensable tools for making solar and renewable energy assets resilient, efficient and genuinely bankable. Building a stronger, more autonomous Europe means, in practical terms, accelerating the deployment of modern, precisely monitored energy assets, where technology enables every single kilowatt-hour to become a building block of energy security and a driver of growth for businesses and communities.



