target audience: TECH SUPPLIER Publication date: Nov 2022 - Document type: Market Perspective - Doc Document number: # EUR148631822
EMEA Utilities Industry Quarterly Update: July-September 2022
This IDC Market Perspective provides an overview of the utilities industry in 3Q22, 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 conservation 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 terms of renewable capacity installed and business performance, 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 bloc having to take a step backward on its climate change agenda. Nonetheless, we expect utility companies to continue on their journeys prioritizing decarbonization, electrification, flexibility for resilience, and new business models," said Gaia Gallotti, associate research director, IDC Energy Insights.