TECH SUPPLIER Jul 2022 - Market Perspective - Doc # EUR148631722

EMEA Utilities Industry Quarterly Update: April–June 2022

By:

Gaia Gallotti
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Abstract

This IDC Market Perspective provides an overview of the utilities industry in 2Q22, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major traditional infrastructure projects; major renewables infrastructure projects; major green hydrogen projects; water developments; major hybrid and battery energy storage projects; smart metering, smart grid, and energy-efficiency initiatives; major emobility activities; IT ecosystem major acquisitions and agreements; major IT and OT contract wins; and IT product announcements.

"While 2021 established a new post pandemic normal and many utility companies broke records in renewable capacity installed and overall business performances, the Russian invasion of Ukraine at the beginning of 2022 is jeopardizing sustainability targets for 2050. Europe's need to prioritize security of energy supply risks the EU-block having to take a step backwards on its climate change agenda. We expect utility companies to nonetheless continue on their journeys prioritizing decarbonization, electrification, flexibility for resilience and new business models," said Gaia Gallotti, associate research director, IDC Energy Insights.


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