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EMEA Utilities Industry Quarterly Update: April-June 2023

Publisher IDC
Published Aug 18, 2023
Length 27 Pages
SKU # IDC18120363

Description

EMEA Utilities Industry Quarterly Update: April-June 2023


This IDC Market Perspective provides an overview of the utilities industry in 2Q23, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major renewables infrastructure projects; major green hydrogen projects; smart metering and smart grid initiatives; microgrid agreements; energy-efficiency initiatives; major flexibility, EV, and battery energy storage projects; IT ecosystem major acquisitions and agreements; major IT and OT contract wins; IT product announcements; utilities; and GenAI."Unpredictability has become the name of the game among utilities, and the events of the past two years have been game-changers. While more immediate matters such as supply security, demand efficiency, and tariff impacts on energy consumers are drawing attention from long-term initiatives, contingent factors such as extreme drought and catastrophic weather events are vivid reminders that climate is a non-linear process that must be addressed with extreme urgency. Utilities will continue to prioritize their net-zero journeys and sustainability efforts, with affordability being of paramount importance," said Gaia Gallotti, associate research director, IDC Energy Insights.

Please Note: Extended description available upon request.

Table of Contents

27 Pages
Executive Snapshot
New Market Developments and Dynamics
Situation Overview
Business Environment, 2Q23
Demand and Prices
Oil Prices
Electricity Prices
Clean Energy and Sustainability
Smart Metering
Hydrogen
Indicators of Renewable Performances on Financial Markets
Listed Utilities Performance
Utilities and GenAI
M&As, Agreements, Reorganizations, and Major Business Developments, 2Q23
Ardian Signs Agreement to Sell ASR Wind to Naturgy
Iberdrola, Spirax-Sarco Invest in Norway's Kyoto Group
Northern Ireland's NIE Invests $3.7 Billion in Network Resilience
EDP Investment Brings Mixergy to Portugal
New Financing Deals, 2Q23
World Bank Finances Europe-Tunisia Undersea Cables to Connect Grids
EXIM Approves $900 Million Loan for Angola's Solar Power Projects
Ofgem Funds Eight National Grid-Led Energy Innovation Projects
UK Infrastructure Bank Marks First Energy Storage Investment
Delhi Distribution Upgrade Delivers Smart Meters, BESS Pilot
USTDA Grants Funding to Bangladesh for Smart Grids
SEQUINS Project to Coordinate Smart Grid in the U.S. Pacific Northwest
Hydro-Powered Smart Water Meter to be Developed in the U.K.
Major Renewables Infrastructure Projects, 2Q23
SSEN Transmission to Invest $13 Billion in Scottish Electric Networks
Egypt, UAE Sign Agreement to Build $10 Billion Wind Farm in Egypt
PGE, Orsted Award Subsea Infrastructure Project for Baltica 2 Wind Farm
U.K.'s First Transmission-Connected Solar Farm Goes Live
500MW Gulf of Suez 2 Wind Farm Being Developed by Consortium
Cape Town to Commission $66 Million Solar Power Plant
Savannah Energy Inks 200MW Solar Development Deal in Niger
Kenya, Djibouti Sign Geothermal MOU
Major Green Hydrogen Projects, 2Q23
Sinopec's First Green Hydrogen Plant Starts Production in Xinjiang
Agreement for Green Hydrogen Geothermal Project Signed in Dominica
20MW Green Hydrogen Project in the Netherlands
Smart Meter and Smart Grid Initiatives, 2Q23
PVVNL Chooses IntelliSmart to Install 6.7 Million Smart Meters in India
Airtel, Secure Meters to Deploy 1.3 Million NB-IoT Smart Meters in India
Tauron Invests in 600,000 Smart Meters, Grid Modernization
RG&E to Install 700,000 Smart Meters
Brazil's Copel Reaches 500,000 Smart Meters Milestone
Peru Advances Smart Metering
Finland's Caruna Starts Next-Gen Smart Meter Rollout
Smart Submetering Pilot in Germany
Microgrid Initiatives and Agreements, 2Q23
AFRL Awards Concurrent Technologies Corporation a Contract to Improve Microgrid Resiliency
Microgrid Solution to be Provided Across Europe by Schneider Electric and GreenYellow
Energy-Efficiency Initiatives and Sustainability Projects (Including Smart Cities), 2Q23
Octopus Energy Creates Solar Street With East London Community
Iberdrola Launches Advanced Smart Assistant
Smart Meter Data to Drive Development of a Tariff 'Engine' in the U.K.
PG&E Delivers Home Energy Reports to Customers via Oracle Utilities' Opower Solution
Energinet Introduces Blockchain-Based Green Energy Certificate Platform
LichtBlick, 50Hertz, and Granular Energy Launch Pilot for Transparency in Green Electricity
Major Flexibility, EV, and Battery Energy Storage Projects, 2Q23
EV Charging at Home With Zaptec for Ostrom Customers
OVO Energy Launches Kaluza-Powered Electric Vehicle Charging Plan
EDF Joins Landis+Gyr, LCP Delta to Test Flexibility Tech in the U.K.
RWE Begins Construction on 220MW Frequency-Stabilizing Battery System
Enel X Deploys Battery Swapping VPP in Taiwan
EDF Renewables UK Signs Wärtsilä to Build Sixth Grid-Scale Energy Storage Project
Tesla Expands Powerwall Market by Opening Orders in Spain
Morocco Eyes EV Battery Gigafactory
South Korean eMobility Majors Join Forces in the U.S. for EV Battery Gigafactory
Minespider Launches Advanced Open Battery Passport
Glencore Plans to Build Europe's Biggest Battery Recycling Plant
BMW, E.ON Connect EVs, Grid With Smart Charging Solution
Siemens to Acquire Mass-Tech Controls' EV Division
India to Get its First V2G System
ABB E-mobility Unveils HVC360 Fleet Charging Solution
ALD, ChargePoint Deepen Cooperation to Target Corporate Fleets
Major IT Ecosystem Acquisitions and Agreements, 2Q23
Enel, Planven Entrepreneur Ventures, Nozomi Networks Launch a Cybersecurity Alliance
Accenture to Acquire Anser Advisory to Expand Capital Project Capabilities
Calisen to Acquire Advizzo
Gentrack, Evergen Partner on Advanced Energy Solutions
Greenbird Partners With Open Web Technology in Switzerland
Atos Launches Eviden Brand Ahead of $5.5 Billion Carve-Out
Schneider Electric Launches Zeigo
Google Aims to Make Negotiating Clean Energy PPAs 80% Faster
IT and OT Contract Wins, 2Q23
Iberdrola Using Generac Grid Services' Concerto to Support Grid Stability
Generac Grid Services Supporting the AlectraDrive @Home EV Initiative
Kaluza Completes OVO Energy Australia Customer Migration
E.ON, powercloud Sign Strategic Partnership
Gentrack, the Water Authority of Fiji Partner for Transformation
PLE Extends Partnership With Gentrack in Singapore
U.S. City of Columbia Extends Agreement With Hansen Technologies
Bidgely Partners With Moro Hub to Deliver AI-Powered Energy Insights
VERBUND Deploys Digital Commissioning Software for Energy Storage Risk Reduction
IT Product Announcement, 2Q23
Bidgely Releases Hourly Grid-Monitoring Distributed Energy Tool
Utilities and GenAI, 2Q23
Dubai's DEWA Pilots ChatGPT to Boost Digital Services
Salesforce Launches AI Cloud
Salesforce's Einstein GPT for Field Service Available in Beta
ServiceNow Expands GenAI Offerings With Now Assist for Virtual Agent
Google Cloud, KPMG Launch Generative AI Collaboration
Google Cloud Expands Partnership With Twilio to Improve CX Through GenAI
HCLTech, Google Cloud Expand Partnership on Generative AI
Siemens, Microsoft Partner on Generative AI
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