The global energy system is changing at a rapid pace. Conflicts in the Middle East are affecting oil and gas flows, creating new price uncertainty. At the same time, Europe continues to reduce its dependence on Russian energy, driving investments in both renewable energy and new infrastructure. In parallel, competition for electricity, capital, and critical raw materials is increasing as electrification accelerates globally.

The development is not linear. While the EU is now producing more electricity from wind and solar power than from fossil sources, demand is rising sharply from industry, AI, and data centers. This is creating a new reality where access to energy is becoming a competitive advantage, not just a sustainability issue.

This keynote sets the stage for the entire day and provides an updated perspective on where the energy market is actually heading.

In this keynote, you will gain insights into:

• how geopolitics and global conflicts are reshaping energy flows and pricing
• how Europe’s energy system is evolving in practice
• what increasing electricity demand from industry, AI and data centers means going forward
• where investments are accelerating and where momentum is slowing
• what companies and policymakers need to prepare for in the coming years