War Will Increase Renewable Energy

Meidensha supplies substations, power-conversion systems and grid-control equipment that facilitate electrification and distributed generation.

LG Energy Solution supplies batteries for electric vehicles and stationary storage, both central to electrification and renewable balancing.

Samsung SDI’s battery cells and energy-storage systems address the grid-balancing requirements created by higher shares of intermittent wind and solar power.

Hitachi owns Hitachi Energy, a leading supplier of transformers, high-voltage equipment and HVDC systems for renewable-heavy grids.

Its switchgear, transformers, power-conversion systems and grid-automation equipment benefit from investment needed to connect renewables, storage and electrified loads.

Arteche produces instrument transformers, relays and grid-quality equipment that enable safe integration of decentralized and renewable generation.

Iljin Electric manufactures high-voltage transformers and power cables that can benefit from rising global utility spending on renewable interconnections and grid resilience.

WEG supplies generators, transformers, motors and automation systems used across wind farms, solar facilities, storage projects and modernized grids.

As a major producer of photovoltaic glass, Xinyi Solar supplies a critical component for global solar-module manufacturing.

Sieyuan supplies high-voltage switchgear, transformers and grid-automation equipment required to connect new renewable projects and reinforce transmission systems.

Lufthansa remains highly exposed to volatile imported jet-fuel costs while long-term European decarbonization policy raises the cost of fossil-fuel-dependent aviation.

Heidelberg Materials' European cement operations consume substantial fuel and electricity, leaving margins exposed to wartime energy-price shocks and increasingly costly decarbonization requirements.

Salzgitter bears near-term gas, electricity and carbon-cost pressure as it undertakes a capital-intensive conversion from conventional steelmaking.

LANXESS faces margin pressure because specialty-chemical production consumes substantial energy and remains sensitive to European gas prices.

Wienerberger's energy-intensive brick and ceramic production is exposed to elevated European gas and electricity costs during the transition away from imported fossil fuels.

Ibstock's brick manufacturing requires significant natural gas, leaving production costs exposed while electrification and tighter carbon policy force additional investment.

Yara uses natural gas as the principal feedstock for ammonia, making fertilizer economics vulnerable to disruptions and high imported-gas prices.

Exxaro’s earnings remain heavily tied to thermal coal, which enjoyed a wartime price boost but faces structural demand erosion as renewable power and storage expand.

Snam’s core gas-transmission and storage assets face long-run utilization risk if electrification and renewable generation permanently reduce European natural-gas demand.

Solvay's soda ash and specialty-material operations are energy intensive, exposing the group to high European gas and power prices during the transition away from imported fuels.