EMEA Utilities Industry Quarterly Update: April-June 2023
This IDC Market Perspective provides an overview of the utilities industry in 2Q23, covering M&As, agreements, reorganizations, and major business developments; new financing deals; major renewables infrastructure projects; major green hydrogen projects; smart metering and smart grid initiatives; microgrid agreements; energy-efficiency initiatives; major flexibility, EV, and battery energy storage projects; IT ecosystem major acquisitions and agreements; major IT and OT contract wins; IT product announcements; utilities; and GenAI."Unpredictability has become the name of the game among utilities, and the events of the past two years have been game-changers. While more immediate matters such as supply security, demand efficiency, and tariff impacts on energy consumers are drawing attention from long-term initiatives, contingent factors such as extreme drought and catastrophic weather events are vivid reminders that climate is a non-linear process that must be addressed with extreme urgency. Utilities will continue to prioritize their net-zero journeys and sustainability efforts, with affordability being of paramount importance," said Gaia Gallotti, associate research director, IDC Energy Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- Situation Overview
- Business Environment, 2Q23
- Demand and Prices
- Oil Prices
- Electricity Prices
- Clean Energy and Sustainability
- Smart Metering
- Hydrogen
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- Utilities and GenAI
- M&As, Agreements, Reorganizations, and Major Business Developments, 2Q23
- Ardian Signs Agreement to Sell ASR Wind to Naturgy
- Iberdrola, Spirax-Sarco Invest in Norway's Kyoto Group
- Northern Ireland's NIE Invests $3.7 Billion in Network Resilience
- EDP Investment Brings Mixergy to Portugal
- New Financing Deals, 2Q23
- World Bank Finances Europe-Tunisia Undersea Cables to Connect Grids
- EXIM Approves $900 Million Loan for Angola's Solar Power Projects
- Ofgem Funds Eight National Grid-Led Energy Innovation Projects
- UK Infrastructure Bank Marks First Energy Storage Investment
- Delhi Distribution Upgrade Delivers Smart Meters, BESS Pilot
- USTDA Grants Funding to Bangladesh for Smart Grids
- SEQUINS Project to Coordinate Smart Grid in the U.S. Pacific Northwest
- Hydro-Powered Smart Water Meter to be Developed in the U.K.
- Major Renewables Infrastructure Projects, 2Q23
- SSEN Transmission to Invest $13 Billion in Scottish Electric Networks
- Egypt, UAE Sign Agreement to Build $10 Billion Wind Farm in Egypt
- PGE, Orsted Award Subsea Infrastructure Project for Baltica 2 Wind Farm
- U.K.'s First Transmission-Connected Solar Farm Goes Live
- 500MW Gulf of Suez 2 Wind Farm Being Developed by Consortium
- Cape Town to Commission $66 Million Solar Power Plant
- Savannah Energy Inks 200MW Solar Development Deal in Niger
- Kenya, Djibouti Sign Geothermal MOU
- Major Green Hydrogen Projects, 2Q23
- Sinopec's First Green Hydrogen Plant Starts Production in Xinjiang
- Agreement for Green Hydrogen Geothermal Project Signed in Dominica
- 20MW Green Hydrogen Project in the Netherlands
- Smart Meter and Smart Grid Initiatives, 2Q23
- PVVNL Chooses IntelliSmart to Install 6.7 Million Smart Meters in India
- Airtel, Secure Meters to Deploy 1.3 Million NB-IoT Smart Meters in India
- Tauron Invests in 600,000 Smart Meters, Grid Modernization
- RG&E to Install 700,000 Smart Meters
- Brazil's Copel Reaches 500,000 Smart Meters Milestone
- Peru Advances Smart Metering
- Finland's Caruna Starts Next-Gen Smart Meter Rollout
- Smart Submetering Pilot in Germany
- Microgrid Initiatives and Agreements, 2Q23
- AFRL Awards Concurrent Technologies Corporation a Contract to Improve Microgrid Resiliency
- Microgrid Solution to be Provided Across Europe by Schneider Electric and GreenYellow
- Energy-Efficiency Initiatives and Sustainability Projects (Including Smart Cities), 2Q23
- Octopus Energy Creates Solar Street With East London Community
- Iberdrola Launches Advanced Smart Assistant
- Smart Meter Data to Drive Development of a Tariff 'Engine' in the U.K.
- PG&E Delivers Home Energy Reports to Customers via Oracle Utilities' Opower Solution
- Energinet Introduces Blockchain-Based Green Energy Certificate Platform
- LichtBlick, 50Hertz, and Granular Energy Launch Pilot for Transparency in Green Electricity
- Major Flexibility, EV, and Battery Energy Storage Projects, 2Q23
- EV Charging at Home With Zaptec for Ostrom Customers
- OVO Energy Launches Kaluza-Powered Electric Vehicle Charging Plan
- EDF Joins Landis+Gyr, LCP Delta to Test Flexibility Tech in the U.K.
- RWE Begins Construction on 220MW Frequency-Stabilizing Battery System
- Enel X Deploys Battery Swapping VPP in Taiwan
- EDF Renewables UK Signs Wärtsilä to Build Sixth Grid-Scale Energy Storage Project
- Tesla Expands Powerwall Market by Opening Orders in Spain
- Morocco Eyes EV Battery Gigafactory
- South Korean eMobility Majors Join Forces in the U.S. for EV Battery Gigafactory
- Minespider Launches Advanced Open Battery Passport
- Glencore Plans to Build Europe's Biggest Battery Recycling Plant
- BMW, E.ON Connect EVs, Grid With Smart Charging Solution
- Siemens to Acquire Mass-Tech Controls' EV Division
- India to Get its First V2G System
- ABB E-mobility Unveils HVC360 Fleet Charging Solution
- ALD, ChargePoint Deepen Cooperation to Target Corporate Fleets
- Major IT Ecosystem Acquisitions and Agreements, 2Q23
- Enel, Planven Entrepreneur Ventures, Nozomi Networks Launch a Cybersecurity Alliance
- Accenture to Acquire Anser Advisory to Expand Capital Project Capabilities
- Calisen to Acquire Advizzo
- Gentrack, Evergen Partner on Advanced Energy Solutions
- Greenbird Partners With Open Web Technology in Switzerland
- Atos Launches Eviden Brand Ahead of $5.5 Billion Carve-Out
- Schneider Electric Launches Zeigo
- Google Aims to Make Negotiating Clean Energy PPAs 80% Faster
- IT and OT Contract Wins, 2Q23
- Iberdrola Using Generac Grid Services' Concerto to Support Grid Stability
- Generac Grid Services Supporting the AlectraDrive @Home EV Initiative
- Kaluza Completes OVO Energy Australia Customer Migration
- E.ON, powercloud Sign Strategic Partnership
- Gentrack, the Water Authority of Fiji Partner for Transformation
- PLE Extends Partnership With Gentrack in Singapore
- U.S. City of Columbia Extends Agreement With Hansen Technologies
- Bidgely Partners With Moro Hub to Deliver AI-Powered Energy Insights
- VERBUND Deploys Digital Commissioning Software for Energy Storage Risk Reduction
- IT Product Announcement, 2Q23
- Bidgely Releases Hourly Grid-Monitoring Distributed Energy Tool
- Utilities and GenAI, 2Q23
- Dubai's DEWA Pilots ChatGPT to Boost Digital Services
- Salesforce Launches AI Cloud
- Salesforce's Einstein GPT for Field Service Available in Beta
- ServiceNow Expands GenAI Offerings With Now Assist for Virtual Agent
- Google Cloud, KPMG Launch Generative AI Collaboration
- Google Cloud Expands Partnership With Twilio to Improve CX Through GenAI
- HCLTech, Google Cloud Expand Partnership on Generative AI
- Siemens, Microsoft Partner on Generative AI
- Advice for Technology Suppliers and Service Providers
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- Related Research
- Synopsis
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