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Get a brief overview of Austria's energy industry with these facts and figures. In 2024, hydropower accounted for up to 67% of the electricity generated in Austria. . Electricity storage facilities are key components of every sustainable and self-sufficient energy system. 7 GW by 2040 to address the expansion of renewable systems and the rising power demand, according to a study published on Thursday. Photo by Anna Vasileva Electricity demand is estimated to double to 125 TWh by 2040. . In 2019, the Austrian federal government submitted a comprehensive plan to the EU Commission (“#mission2030”) outlining its strategy for achieving several climate protection targets by 2030.