Norrsken-led coalition pushes EU for bolder clean energy targets: 'It is time to commit'
24 apr. 2026
14:39
In an open letter, a broad coalition of European investors and corporations, including H&M and Oatley, has called on the EU to commit to firm clean energy targets by 2040.
Coordinated by impact investment firm Norrsken VC, the letter comes as the Iran conflict drives a third energy price shock in four years.
Coordinated by impact investment firm Norrsken VC, the letter comes as the Iran conflict drives a third energy price shock in four years.
Norrsken VC has coordinated an open letter calling on the European Union to commit to running over 50% of its final energy consumption on clean, domestically produced electricity by 2040. The framing the target as the only structural answer to Europe's recurring fossil fuel crises.
The letter, published Monday and addressed to EU policymakers, is backed by the Corporate Leaders Group Europe, H&M, Oatly, electric trucking unicorn Einride, and several energy tech startups including Terralayr, Flower, Fever, and trawa.