Table of Contents
Executive Snapshot
Figure: Executive Snapshot: Utilities Industry Quarterly Update, July–September 2022
New Market Developments and Dynamics
Situation Overview
Business Environment, 3Q22
Figure: Worldwide Real GDP Growth Forecasts by Region, 2022
Figure: Personal/Private Consumption for Select Geographies, 4Q21–3Q22
Demand and Prices
Oil Prices
Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, October 2021–September 2022
Electricity Prices
Figure: Electricity Prices in Major European Power Exchanges, October 2020–September 2022
Figure: U.S. Average Actual Residential Electricity Prices, October 2021–September 2022
Clean Energy and Sustainability
Indicators of Renewable Performances on Financial Markets
Figure: NASDAQ Clean Edge Green Energy Total Return, October 2021–September 2022
Listed Utilities Performance
Figure: Dow Jones Indexes, October 2021-September 2022
M&As, Agreements, Reorganizations, and Major Business Developments, 3Q22
Italgas Completes Greek Gas DSO Acquisition
Italgas Launches Innovation Drive in the U.S.
50Hertz Greenlights Energy Transmission Hub in Germany
Nano Energies Becomes First Licensed Electricity Aggregator in Croatia
Inauguration of the Gas Interconnector Between Poland and Slovakia
Shell Acquires Africa-Based Clean Energy Company Daystar Power
SA Signs Three PPAs With Wind Generators
Enel Group Signs Deal to Sell its Electricity Transmission Business in Chile
New Financing Deals, 3Q22
EU Supports Serbia With Loans for Power Interconnections, Smart Metering
EU Approves $1 Billion to Support Salzgitter Decarbonize by Using Hydrogen
World Bank to Further Finance Tajikistan's Energy Sector
Major Traditional Infrastructure Projects, 3Q22
U.S.' West Virginia Set to Build $3 Billion Natural Gas, Carbon Capture Plant
880MW Combined-Cycle Power Plant Installed at Ostiglia in Italy
Hitachi Energy to Help Bring 50% More Power to 20 Million People in India
Major Renewables Infrastructure Projects, 3Q22
Offshore Wind Farm in Scotland Reaches Construction Milestone
Suzlon Kicks Off Construction of Wind Farm in Sarajevo Canton
Pattern Energy Starts Construction of 112MW Offshore Wind Farm in Japan
RWE, Latvenergo Team Up on Offshore Wind in the Latvian Baltic Sea
RWE Acquires 3GW Solar Pipeline
RWE, SolarDuck to Develop Offshore Floating Solar
Samsung C&T to Build Mega Solar Power Project in Qatar
EDP Renewables Starts Construction on 240MW Texas Solar Park
Enel Green Power Builds Its First Solar Power Station in Soria, Spain
Hitachi Energy to Support Major Renewable Electricity Transmission Between Canada and New York City
Hitachi Energy to Connect Offshore Wind Farms to the U.K. Power Grid
Major Green Hydrogen Projects, 3Q22
Shell to Build Renewable Hydrogen Plant to Help Power Dutch Refinery
Germany Inaugurates World's First Hydrogen-Powered Railway Network
Green Hydrogen to Pilot as Long Duration Energy Storage in the U.S.
Water: New Developments, 3Q22
Paphos to Install 27,000 Smart Water Meters
Semtech' Joins IoT Ventures, Lacuna Space for Water Monitoring System
Australian Businesses Save 169 Million Liters in Smart Water Meter Joint Venture
Smart Meter and Smart Grid Initiatives, 3Q22
Adani Electricity Invests $62 Million in Mumbai Smart Meter Installations
Atlantic City Electric Set to Upgrade 565,000 Smart Meters
Siemens to Equip Alexandria With ADMS, AMI, and 300,000 Smart Meters
Serbia Smart Metering Project Supported by EU
Isle of Man to Install 50,000 Smart Meters
Smart Meters for Poland's Tauron
CEDIS Extends AMI Project With 20,000 Smart Meter Replacements
Genus Power Infrastructures Orders 1 Million Smart Metering Solutions From CyanConnode
Italgas Reti Selects MeteRSIT to Design Gas Smart Meters
5 Million IoT-Enabled Smart Meters for India
Tata Power-DDL Deploys OCR Tech to Optimize Meter Readings in India
DEWA Analytics Platform to Enhance Smart Meter Management
EDF Looks to Pay-as-You Go Meters Amid British Billing Crisis
Microgrid Initiatives and Agreements, 3Q22
ABB Releases Blueprint for Carbon-Negative Microgrids
SoCalGas Produces First Green Hydrogen in a Home Microgrid
Microgrid Laboratory Enables Asset Testing Within Diverse Configurations
Conservation and Energy-Efficiency Initiatives and Sustainability Projects, 3Q22
Scottish Fintech Start-Up Snugg Raises Funds to Simplify Energy Efficiency
Efficient Public Lighting for Chile's La Florida
UAE Smart City Deploys Smart Strategies to Become Living Lab
Spanish Resort to Develop Major PV Generation, EV Hubs
U.K. Smart-Grid-Powered Electric Homes to Be Installed in the U.K.
E.ON Launches Home Energy-Efficiency Drive in Sweden
GoodWe, Aico Launch Smart Home Solutions
ABB, Caverion Collaborate to Accelerate Carbon-Neutral Buildings
PG&E, Tesla Launch Virtual Power Plant Program
Major Hybrid and Battery Energy Storage Projects, 3Q22
Iberdrola Switches on Commercial-Scale Battery System in Ireland
Volkswagen Enters EV Battery Business With $20 Billion Investment in PowerCo
Iberdrola Opens One of Europe's Largest Pumped Storage Facilities
Five Long-Duration Energy Storage Projects Get Funding in New York
Energy Vault Develops Gravity Storage Solution for Chinese Industrial Parks
Major eMobility Agreements, 3Q22
ABB, Shell to Launch Nationwide Network of Fastest EV Charger in Germany
Belgium Orders 4,400 Public EV Charge Points Over the Next Two Years
Power Poles Transformed Into Front-of-Meter EV Charging Stations
1 Million EV Charge Point Milestone in France
Project BATRAW: Raw Material Recovery from EV Batteries
CPUC Decision Makes California First State to Allow Submetering of EV
Uplight Launches Grid-Minded EV Software Suite With AMI Analytics
Octopus Energy, National Grid Demonstrate First V2G in the U.K.
Major IT Ecosystem Acquisitions and Agreements, 3Q22
Minsait, Red Hat, and Intel Come Together to Digitalize Electrical Substations
Samsung's Smart Platform, Itron's IIoT Joined for Utility-Scale DERMS
IFS Acquires ULTIMO Software Solutions
Shell to Collaborate With NREL on Grid Edge Solutions
DEWA Smartens Distribution Networks in Efficiency Drive
Accenture to Help Reduce Electricity Rates for Colonial Pipeline's Interstate System
Siemens Partners With GIS Software Provider to Level Up Grid Planning
PTC India, AutoGrid Enter MOU to Collaborate for Indian Power Market
IT and OT Contract Wins, 3Q22
Shell, Siemens Sign MOU to Advance Low-Carbon, Highly Efficient Energy Solutions
Ignitis Gamyba Chooses GE Digital's OPM Production Planning Software to Forecast Day-Ahead Electricity Trading
E.ON, npower Business Solutions Consolidate I&C Division on Gentrack
BSES Chooses Bidgely for Transitioning Toward a Greener and Digitalized Future
Eneco Selects Capgemini for Sustainable Energy Transition and Growth Strategy
Bidgely Selected as the Technology Service Provider for Energy Theft Solution
AGL Energy, Kaluza to Offer Smart Charging Services
Singapore Gentailer Selects Gentrack to Improve Customer Experiences
Centrica Modernizes Applications With VMware
Intelligent Grid Platform to Automate DER Connections in Estonia
Arizona Public Service Chooses Generac Grid Services for End-to-End DERMS Solution
Mitsubishi Power Selects Emerson Software and Technologies for Advanced Clean Energy Storage Hydrogen Hub
ScottishPower, BT to Help Connect Scotland's Renewable Growth
Latin American Celsia Colombian Celsia Deploys Suite of Oracle Solutions
IT Product Announcement, 3Q22
New Global Energy Storage Consortium Launches
Advice for Technology Suppliers and Service Providers
Learn More
Related Research
Synopsis