Europe is losing its energy security battle to China, failing to recognize that modern energy security relies on scalable, low-cost electricity systems, not just fossil fuels.

<p>While tensions around the Strait of Hormuz are rattling global oil markets, energy security is no longer defined solely by access to fossil fuels. What China has understood, and Europe has not, is that security now depends on electricity systems that can deliver low-cost power at scale and support heavy industry.</p>