(Sept 15): Stellantis NV is considering measures including generating its own power at factories in Europe, as prices soar and governments plan potential rationing measures.

“We are going to decide significant investments to produce our own energy in our industrial sites,” Chief Executive Officer Carlos Tavares told reporters on Wednesday. “It’s going to be decided in the next few weeks, if not the next few days.”

Europe’s second-biggest automaker has a series of initiatives in the works if shortages arise and will be able to adapt, Tavares said during a media roundtable for the North American International Auto Show in Detroit. He likened the situation to business community efforts to rebound after the most powerful earthquake ever recorded in Japan triggered a devastating tsunami in 2011.

“Some of those things can be in Europe as they were in Japan at that time,” Tavares said. “We have such a high level of resilient people in our company.”

Stellantis shares climbed as much as 0.7% in Milan on Thursday. The stock is still down 18% so far this year.

Industrial companies across Europe are bracing for a winter, during which utilities may struggle to keep the lights on, as Russia chokes off supplies of natural gas following its invasion of Ukraine. Domo Chemicals Holding NV, which jointly operates Germany’s second-biggest chemical plant, has begun filling orders with materials shipped in from its facilities in North America and China when possible, Chief Executive Officer Yves Bonte said in an interview.

Meanwhile, European government are preparing blackout plans as the region faces an energy squeeze that’s getting worse with each passing week. France’s Reseau de Transport d’Electricite said on Wednesday that it will probably have to ask the country to cut consumption several times this winter to avoid rolling blackouts.

Stellantis has so far not been affected beyond dealing with higher costs, Tavares told reporters. If there’s an energy crunch, the company may have to avoid operating at peak consumption times and schedule weekend work, he said. Remote working also would help and the carmaker has “big areas that can easily welcome solar panels,” the CEO added.

“When you add chaos to the chaos, you don’t see so much difference,” Tavares said. “We’ve been managing this industry in the last few years in health-related chaos, supply chain-related chaos, regulatory chaos, and now energy chaos.”