TECH SUPPLIER Jan 2023 - Market Perspective - Doc # EUR149140723

EMEA Utilities Industry Quarterly Update: October-December 2022


Gaia Gallotti
Table of Contents

Executive Snapshot

Figure: Executive Snapshot: Utilities Industry Quarterly Update

New Market Developments and Dynamics

Situation Overview

Business Environment, 4Q22

Figure: Worldwide Real GDP Growth Forecasts by Region, 2022

Figure: Personal/Private Consumption for Select Geographies, 1Q22–4Q22

Demand and Prices

Oil Prices

Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, January 2022–December 2022

Electricity Prices

Figure: Electricity Prices in Major European Power Exchanges, January-December 2022

Figure: U.S. Average Actual Residential Electricity Prices, January–December 2022

Clean Energy and Sustainability

Indicators of Renewable Performances on Financial Markets

Figure: NASDAQ Clean Edge Green Energy Total Return, January–December 2022

Listed Utilities Performance

Figure: Dow Jones Indexes, January-December 2022

M&As, Agreements, Reorganizations, and Major Business Developments, 4Q22

BP to Buy U.S. Biogas Producer Archaea for $4.1 Billion

Shell to Buy Danish Firm Nature Energy for Nearly $2 Billion

Octopus Energy Acquires Bulb

Iberdrola Spurs 11 Million Customers to Reduce Energy Use

U.K.'s National Grid to Pay Smart Meter Homes to Reduce Their Energy Use

Octopus Energy Flexibility Scheme Pays Prosumers to Support the Grid

Google, C40 Cities Launch Carbon-Free Energy Pilot

Nigerian REA Signs MOU to Develop Rural Solar Energy Projects

Scala Data Centers Inks Deal With Enel for Power Supply in Latin America

New Financing Deals, 4Q22

EIB's $29.9 Billion Equity Supercharge for REPowerEU

Iberdrola Taps EIB for $215 Million Smart Grid Development

Endesa Planning to Invest Nearly $1 Billion to Digitalize Catalonia's Grid

Latvian TSO to Invest Over $516.8 Million in Digital Grid Solutions

Engie Energía Builds Wind Farm in Peru With IDB Invest Support

CABEI Approves $100 Million for El Salvador's CEL

GreenSwitch Smart Grid Project to Receive $77 Million

Major Traditional Infrastructure Projects, 4Q22

New Gas-Fired Plant Will Nearly Double Guyana's Power Generation

NET Power's Allam Cycle 300MW Gas-Fired Project Will Be Built in Texas

ESB Gives Contract to Build Gas-Fired Power Plant in Ireland

Switzerland Secures 250MW GE Gas Power Plant for Winter Reserve

Thailand Starts Up First of Two Natural Gas-Fired CCP Plants

Major Renewables Infrastructure Projects, 4Q22

Kazakhstan Advances 40GW Renewables to Power Green Hydrogen for EU

Engie Signs Vestas to Implement Wind Project in Latin America

Saudi Arabia's ACWA Signs PPA in Uzbekistan

Japan's First Large Offshore Wind Farm Starts Operations

GreenYellow Signs Its First Major Solar PPA With 2W Energia in Brazil

First Virtual Power Plant Inaugurated in Greek Energy Market

Major Green Hydrogen Projects, 4Q22

SoCalGas Produces First Green Hydrogen in a Home Microgrid

Everfuel Starts Producing Green Hydrogen at Europe's Largest Electrolyzer

Water: New Developments, 4Q22

Tetra Tech Wins Contract for Climate-Resilient Water and Sanitation Services

Singapore to Connect 300,000 Itron Smart Water Meters

Schneider Electric Upgrades Digital Twin Tools for Water and District Energy Utilities

U.S. Tech Partnership to Advance Utility Water Loss Detection and Metering

Smart Meter and Smart Grid Initiatives, 4Q22

New York Approves Revelo Advanced Meter

PNM Proposes $344 Million Grid Modernization Plan in New Mexico

Egyptian NDEDC Awards Grid Control, AMI Contracts to Siemens

Finland's Vaasa Electricity Network to Install 65,000 Smart Meters

Minnesota Utility Installs Smart Grid AMI for Enhanced EV Load Management

Romania Secures $411.8 Million for Massive Grid Overhaul

FirstEnergy Concludes Three-Year U.S. Smart Grid Automation Project

Red Eléctrica, EnerAgen Collaborate on Smart Meter Analysis Hub

Duke Energy, AWS Partner on Smart Grid Solutions

Equinor, Hitachi Energy to Develop High-Tech HVDC/AC Grid Connectors

Microgrid Initiatives and Agreements, 4Q22

Minnesota Utility Wants to Expand Work on Community Microgrids

Financing for Rural Electrification in Togo Through Minigrid Deployment

Minigrid Powers 930 Homes in Rwanda

ORPC, Schneider Electric Join Forces for Marine Energy Microgrids

Energy-Efficiency Initiatives and Sustainability Projects (Including Smart Cities), 4Q22

Smart Meters, Heat Pumps to Drive Belgian Domestic Flexibility

Bidgely Partners With U.S. Coop NISC

SCP Partners With Recurve for VPPs in Sonoma and Mendocino Counties

KBC Uses Eliq to Give Mobile Banking Customers Insight Into Home Energy Consumption

Hoosier Energy Member Co-op Launches "Connect to Save" Program

TenneT Launches Flexibility Monetization Tool

ARENA, Shell Energy to Demonstrate Commercial Flexibility in Australia

Major Hybrid and Battery Energy Storage Projects, 4Q22

Tesla Battery Installed Near Dogger Bank Offshore Wind Power

Zenobē Kicks Off Grid Stability Battery Projects in Scotland

Vicinity Centres, Enel X Partner on Battery Storage Projects

NHOA to Supply Energy Storage System in Latin America

GM Launches Energy Storage Business

InoBat Inks Declaration for EV Battery Gigafactory in Serbia

Major eMobility Agreements, 4Q22

East Bay Community Energy Launched EV Charging Program

Hertz, bp Collaborate on EV Charging in North America

Volkswagen Steps Up EV Battery Development and Production

Pay-as-You-Drive Electric Motorcycles Hit the Roads in Rwanda

Major IT Ecosystem Acquisitions and Agreements, 4Q22

PwC Acquires Data-Focused Consulting Firm Sagence

Schneider Electric Partners With Eliq

Propeye Integrates Semtech's LoRa Devices for U.S. Launch

Cognizant Acquires Energy and Utility Specialist Utegration

IT and OT Contract Wins, 4Q22

DEWA Launches DEWAVerse Platform on Metaverse

Eletrobras Digitalizes With Google Cloud

Centrica Extends Relationship With Cognizant

FirstEnergy Implements Oracle Advanced Distribution Management System

Naturgy's Field Technicians Empowered by OverIT's Augmented Reality

National Grid Installs LineVision's Dynamic Line Rating Sensors

IT Product Announcement, 4Q22

Reactive Technologies Launches Tradenergy for Short-Term Energy Traders

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