EMEA Utilities Industry Quarterly Update: January-March 2024
This IDC Market Perspective provides an overview of the utilities industry in 1Q24, 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
- Hydrogen
- Energy Efficiency
- Business Environment, 1Q24
- Demand and Prices
- Oil Prices
- Electricity Prices
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- New Market Developments and Dynamics
- M&As, Agreements, Reorganizations, and Major Business Developments, 1Q24
- Vale Buys Remaining 45% Stake in Alianca Energia for $541 Million
- EDF Acquires Solar PV, Battery Installer
- Italy's Terna Unveiled Investment Plan Guided by Twin Transition
- Italy's A2A Signs $1.3 Billion Deal With Enel's e-distribuzione
- Enaon: A New Name in Greece's Gas Distribution Market
- Britain's National Grid ESO Announces Name of Future System Operator
- New Financing Deals, 1Q24
- Iberdrola Secures $325 Million to Wean Coal-Heavy Countries Onto Renewables
- Enea Secures Distribution Modernization and Smart Metering EIB Loan
- Lithuania Gets Energy Independence Boost With EIB Loan to Ignitis
- EIB Finances Northvolt's Battery Factory with Over $1 Billion
- Major Renewables Infrastructure Projects, 1Q24
- Kazakhstan Signs Deals for 3GW of Wind Power
- Shanghai Electric Unit to Supply Turbines for 40MW Vietnam Wind Project
- Eni's Plenitude to Develop Offshore Wind Projects in Spain
- Corio Signs Offshore Wind MOU With Vietnamese Power Company
- Nordex Wins Large South African Wind Turbine Order
- WindEurope to Help Azerbaijan Advance Wind Buildout
- Plenitude Completes Construction of Ravenna Ponticelle Photovoltaic Plant
- Sunly Constructing 244MW Solar Park in the Baltics
- Solar Steel Wins Order for 21MW of Trackers for Spanish Solar Project
- India's SJVN Commissions 100MW of Solar Power
- Eni Signs Strategic Agreements With Kazakh Companies
- Grid United, Hitachi Energy to Strengthen U.S. Power Grid
- TransnetBW, Hitachi Energy Make German Grid Fit for Future
- RWE, Hitachi Energy to Accelerate the Energy Transition in Europe
- Major Green Hydrogen Projects, 1Q24
- Bloom Energy, SK ecoplant Collaborate on a Major Hydrogen Project
- CS Energy Chooses GE Vernova's Gas Turbines for Hydrogen Power Plant
- Maire Tecnimont Wins Contract for Green Hydrogen in Portugal
- JGC Wins FEED Contract for Green Hydrogen Project in Malaysia
- Egypt Inks Seven More Agreements for Green Hydrogen Projects
- Emerson to Provide Integrated Hydrogen Mobility Technologies to H2 Hauler
- Smart Meter and Smart Grid Initiatives, 1Q24
- Rhode Island Energy to Deploy 530,000 Smart Meters
- Xcel Energy Starts 200,000 Smart Meter Rollout in North and South Dakota
- ECG Replacing 450,000 Old Meters in the Accra West Region
- Cyprus 400,000 Smart Meter Rollout Set to Go Ahead
- Romania's 3 Retele Electrice DSOs Launch 300,000 Smart Meter Tender
- Alt HAN Smart Metering Rollout in Britain
- Italgas Rolls Out First 20,000 Nimbus H-Ready Smart Meters
- Severn Trent Creating Smart Water Hub in Central England
- Spain's Aqualia to Smarten Water Meters With NB-IoT Connectivity
- Essex & Suffolk Water Advances Smart Meter Rollout
- Microgrid Initiatives and Agreements, 1Q24
- SDG&E Unveils Innovative Microgrids in Grid Resilience Bid
- U.S. Co-op Consortium Selected for $45 Million in DOE Funding for Rural Microgrid
- South African City Power to Light Up 500 Households Through Microgrid
- BayWa r.e. Completes Unique PV, Wind, and Battery Storage System in Germany
- Major Flexibility, EV, and Battery Energy Storage Projects, 1Q24
- PG&E, Kaluza, and Wallbox to Deliver EV Charging and V2X Program in California
- Portugal's REN to Pioneer Transmission Connected EV Charging
- Vattenfall Investing in EV Charging Infrastructure
- Vattenfall InCharge Collaborates to Create 35,000 New Public Charging Points
- E.ON Opens eMobility Test and Innovation Center in Germany
- Siemens Prepares One of Portugal's Tallest Buildings for the Future of eMobility
- EnergyHub, Toyota North America Partner on Grid Balancing Program
- Energy-Efficiency and Water Conservation Initiatives and Sustainability Projects (Including Smart Cities), 1Q24
- DEWA, ESA Partner on Space-Based Applications for Utilities
- Siemens's Enlighted, Zumtobel Group Partner to Advance Smart Building Solutions
- EDF Invests in Spotr to Accelerate Housing's Decarbonization
- Major IT Ecosystem Acquisitions and Agreements, 1Q24
- Engineering Chooses Microsoft Azure for the new Neta Open Suite
- Froliq, Oracle Energy & Water Launch Pioneering AR App
- GE Vernova Partners With Dragos for Cybersecurity Solutions
- SGS, Generac Grid Services Collaborate to Offer DERMS Solution
- Gentrack Invests to Enhance and Globally License Amber's Solutions
- Honeywell, NXP Semiconductors to Enhance Building Energy Management
- Kraken Technologies Acquires Berlin Tech Disruptor Kwest
- Itron Acquires Elpis Squared
- Kaluza, Jumptech Partner to Simplify Energy Hardware Installations
- Schneider Electric, Nvidia to Collaborate on Designs for AI Datacenters
- NERC CIP Creates Opportunities for the Power Sector to Use Cloud Technology
- IT and OT Contract Wins, 1Q24
- Bixia Expands Trading Operations With Hansen Technologies
- EPV Expands Utilization of Hansen's Trading Solution
- PSEG Long Island Expands Partnership With Bidgely to Build Energy-Efficiency Program
- Gasunie Drives Sustainability, Efficiency in the Dutch Energy Sector With Microsoft Intelligent Data Platform
- IT Product Announcement, 1Q24
- Siemens Launches gridscale X
- Salesforce Launches Clean Energy Program Management
- CGI Launches Computer Vision Solution
- Utilities and GenAI, 1Q24
- Deloitte Acquires OpTeamizer
- Siemens Brings GenAI to Predictive Maintenance
- Capgemini Partners With Mistral AI
- EY, ServiceNow to Provide Solutions for GenAI Compliance, Governance, and Risk Management
- MIT LIDS Awarded Funding for GenAI for Smart Grid Modelling
- Advice for Technology Suppliers and Service Providers
- Learn More
- Related Research
- Synopsis
- Hydrogen
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