The crisis that began in February 2026 with coordinated US-Israeli air operations against Iran effectively halted maritime traffic through the Strait of Hormuz. When this critical waterway—through which approximately 20 million barrels of crude oil and LNG transit daily—was shut down, Brent crude surged above $82 per barrel; European natural gas prices nearly doubled in a week.

Europe entered 2026 with historically low gas storage levels. As LNG flows diminished, the continent was forced to compete with Asian buyers on the spot market for flexible cargoes. This scenario carries the potential to retrigger a price war similar to the 2021-2023 energy crisis.

Solar and wind energy offer a completely local and sovereign resource unaffected by Gulf oil, Russian gas or any geopolitical turbulence. The EU's 2030 target is for 42.5 percent of total energy consumption to come from renewables. Achieving this requires mobilizing over €150 billion in private investment.

The most critical bottleneck in Europe's renewable energy sector is the shortage of experienced workforce capable of installing projects in the field. Hermes Technology is bringing the technical expertise gained from solar and wind projects built in Turkey to the European market. Our specialization in renewable grid connection infrastructure offers directly applicable value for European projects.

Hermes offers rooftop and ground-mount solar, onshore wind farms, solar-plus-battery hybrid systems, industrial rooftop projects and agri-solar solutions across Europe. Our team, fully compliant with IEC and EN standards, delivers turnkey projects through EPC contracts within our energy services scope.

The crisis will pass; the energy security challenge will not. Every panel installed on a roof, every wind turbine spinning, permanently reduces Europe's dependence on Hormuz, Russia or any other external supplier. At Hermes Technology, we stand at the heart of this transformation.