The Volatility Playbook; Securing Industrial Energy Supply amid Price Shocks

From war-driven price spikes to import dependence on a handful of suppliers, geopolitics now sits at the heart of industrial energy decisions. This panel brings major manufacturers together to ask how industry insulates itself from energy price shocks.

• The volatility tax: war has pushed EU gas to 5x US prices and cut Russian pipeline supply from 45% to 13% of the mix. How do you plan a decades-long transition when even next quarter's prices are uncertain?
• Concentrated risk: when a single site draws most of its energy from just one or two countries, security of supply becomes existential. Is diversification enough, or does real resilience mean generating your own?
• Private vs state-backed supply: a look at why some manufacturers are shifting away from private-sector energy toward government-backed deals for security.
• The subsidy question: EU governments paid €5.52bn in 2024 alone to offset industrial energy costs. Are subsidies a bridge to the EU's targets, or a crutch that delays the real fix?