TECH SUPPLIER Nov 2022 - Market Perspective - Doc # EUR148631822

EMEA Utilities Industry Quarterly Update: July-September 2022


Gaia Gallotti
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

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