Europe is at a pivotal moment in the race for industrial decarbonization, with large-scale electrification set to enhance competitiveness. As energy prices fluctuate and decarbonization pressures rise, electrification reduces costs, boosts efficiency, and secures Europe's innovation leadership. This session will explore strategies for industries to regain their competitive edge through electrification and discuss collaborative efforts between industries and utilities to shape supportive regulations. Drawing from the Draghi report on EU competitiveness, this session will outline how innovative electrification strategies can help future-proof Europe's industrial sector. Attendees will gain actionable strategies to reduce energy bills, strengthen industrial productivity, and meet environmental targets, all while maintaining a competitive edge in a rapidly evolving global market.