target audience: TECH SUPPLIER  Publication date: Aug 2023 - Document type: Market Perspective - Doc  Document number: # EUR149140523

EMEA Utilities Industry Quarterly Update: April-June 2023

By:  Gaia Gallotti Loading

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Table of Contents


  • Executive Snapshot

    • Figure: Executive Snapshot: Utilities Industry Quarterly Update, April-June 2023

  • New Market Developments and Dynamics

    • Situation Overview

    • Business Environment, 2Q23

    • Figure: Worldwide Real GDP Growth Forecasts by Region, 2023

    • Figure: Personal/Private Consumption for Select Geographies, 3Q22–2Q23

    • Demand and Prices

    • Oil Prices

    • Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, July 2022–June 2023

    • Electricity Prices

    • Figure: Electricity Prices in Major European Power Exchanges, July 2022-June 2023

    • Figure: U.S. Average Actual Residential Electricity Prices, July 2022–June 2023

    • Clean Energy and Sustainability

    • Smart Metering

    • Hydrogen

    • Indicators of Renewable Performances on Financial Markets

    • Figure: NASDAQ Clean Edge Green Energy Total Return, July 2022–June 2023

    • Listed Utilities Performance

    • Figure: Dow Jones Indexes, July 2022-June 2023

    • 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

  • Advice for Technology Suppliers and Service Providers

  • Learn More

    • Related Research

    • Synopsis