TECH SUPPLIER Jan 2023 - Market Perspective - Doc # EUR149140723
EMEA Utilities Industry Quarterly Update: October-December 2022
This IDC Market Perspective provides an overview of the utilities industry in 4Q22, 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 terms of renewable capacity installed and business performance, the Russian invasion of Ukraine in the beginning of 2022 jeopardizes sustainability targets for 2050. Europe's need to prioritize security of energy supply risks the EU bloc having to step backward on its climate change agenda. We expect utility companies to nonetheless continue on their journeys by prioritizing decarbonization, electrification, flexibility for resilience, and new business models," said Gaia Gallotti, associate research director, IDC Energy Insights.
IDC Energy Insights: European Utility IT and Operational Technologies Strategies
Central and Eastern Europe, Middle East and Africa, Western Europe
Cognitive/artificial intelligence, Digital transformation, Governance, Green ICT and sustainability, Internet of things, Networking and connectivity devices
Clean energy, Energy as a service, Smart meter, smart grid
List of Figures
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