EMEA Utilities Industry Quarterly Update: July–September 2023
This IDC Market Perspective provides an overview of the utilities industry in 3Q23, 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; 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 nonlinear 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
- Clean Energy and Sustainability
- Hydrogen
- Smart Metering
- Business Environment, 3Q23
- Demand and Prices
- Oil Prices
- Electricity Prices
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- Utilities and GenAI
- M&As, Agreements, Reorganizations, and Major Business Developments, 3Q23
- Greek TSO Acquires 25% Share in EuroAsia Interconnector
- Shell to Sell Home Energy Business in the U.K. and Germany to Octopus Energy
- Enel Signs Agreement to Supply Eaton Facility with Texas Wind Energy
- Germany Forms Second Energy Efficiency Network for Network Operators
- Global Energy Companies Launch Interoperability Alliance
- New York Greenlights Con Edison's $11.8B Clean Energy Investment Plan
- New York Creates Battery Storage Fire Safety Working Group
- New York Announces $11M in Funding to Address Grid Challenges
- UK Power Networks, Octopus Energy in Program to "Turn Up" Demand
- New Financing Deals, 3Q23
- EIB Increases REPowerEU Support to $50.2B
- IFC Invests Record $11.5B for Africa's Green Transition
- EIB Invests $42M in Climate Infrastructure Through Acre
- AfDB, AMEA Power, IFC, SEFA Launch Privately Financed Solar Project
- New ARENA Funding Announced for Renewable Energy in First Nations Communities
- Enel X Awarded Grant to Unlock Flexible Demand in the Commercial Refrigeration Sector
- Major Renewables Infrastructure Projects, 3Q23
- Egypt Signs Deal for 3GW Wind Farm Project in West Sohag
- RWE, Stanwell Sign MOU for Two Renewable Energy Projects in Australia
- bp Begins Construction on New Texas Solar Project
- New Solar Plant to Power the European Operations of adidas
- 50Hertz, ENERTRAG Test Reactive Renewable Power for the Grid
- DTE Energy Utility Accelerates Its Transition to Renewables
- Major Green Hydrogen Projects, 3Q23
- SGN Approves 100%-Hydrogen Pipeline Testing in Scotland
- Cleanergy Solutions Namibia Begins Work on Green Hydrogen Refueling Station
- Dubai-Based AMEA Power Plans to Build Green Hydrogen Plant in Kenya
- Smart Meter and Smart Grid Initiatives, 3Q23
- JEPCO Selects Itron for 1.5M Meter Rollout
- ESB Networks Implements 1.3M Smart Meters in Ireland
- PSE&G Hits Key Milestone, Installing 1M Smart Meters
- Vodafone, DCC to Upgrade Britain's Smart Meter System
- Hong Kong's CLP Power Reaches 2M Smart Meters Milestone
- India Marks 3.6M Smart Meters Milestone
- Indian GSEDPL to Install 7.6M Prepaid Smart Meters
- CSPDCL Selects Tata Power for 1.9M Smart Meters in India
- Honduras Issues Smart Grid Call as Part of Loss Reduction Push
- Indian West Bengal Company Gets 200,000 Smart Meters
- Israel Electric Corporation Taps Landis+Gyr for Nationwide Smart Meter Rollout
- Finland's Elenia to Install Next-Generation Smart Meters
- Xcel Energy to Install 260,000 Smart Meters in Wisconsin
- Sindcon to Retrofit 50,000 Smart Meters in Indonesia
- Moldova Launches Smart Meter Pilot
- Bangladesh to Install 1.2M Prepaid Gas Meters
- Spain's Canal de Isabel II Awards 315,000 Smart Water Meters Contract
- Latvia's AST to Invest $571.4M Into Grid Modernization
- Schneider Electric Tapped to Modernize Serbia's Entire MV Electrical Distribution Network
- Xcel Energy to Deploy Private LTE Network to Support Grid Modernisation
- Ohio-Based One Energy Begins Operation of Fully Digital Substation
- Endesa Launches Distribution Network Digital Twin Project
- Microgrid Initiatives and Agreements, 3Q23
- Australian Endeavour Energy Introduces First NSW Community Microgrid
- Ghana Opens Bidding for 35 Minigrid, Solar Net-Metering Projects
- Energy-Efficiency and Water Conservation Initiatives and Sustainability Projects (Including Smart Cities), 3Q23
- U.K. Invests $55.5M to Lower Business Energy Costs
- Kamstrup Partners with Emicool on Cooling Meter Innovation
- Smart Home App Gamifies Grid-Reactive Air Con for Consumers
- Major Flexibility, EV, and Battery Energy Storage Projects, 3Q23
- Piclo to Deliver Italy's First Local Flexibility Market with E-Distribuzione
- Northern Powergrid Procures Flexibility Services from Piclo
- BT Group to Launch Electric Vehicle Charging Pilots in the U.K.
- ENGIE Acquires Broad Reach Power in the U.S.
- EDF to Develop 114MW Battery Asset Near Norwich
- Carlton Power Secures Planning Consent for 2,080MWh BESS in UK
- Major IT Ecosystem Acquisitions and Agreements, 3Q23
- Kaluza Expanding Global Footprint to Australia and New Zealand
- GE Vernova Acquires Greenbird to Accelerate GridOS Innovation
- GE Digital, EPEX SPOT Partner on Flexibility Markets for System Operators
- Bidgely Partners with GridX on Energy Cost Control for Energy Customers
- IT and OT Contract Wins, 3Q23
- Kansai Using Oracle Customer Care and Billing
- BKW Selects Hansen Technologies for SaaS Meter Data Management
- adesso to Migrate SAP S/4HANA Utilities to the Cloud for TEAG Thüringer Energie AG
- ENGIE Chooses Ferranti's MECOMS 365
- BC Hydro Selects Powerley for Home Energy Management
- Lumme Energia Chooses Eliq for Smart Monitoring Feature
- OAP Chooses Eliq to Launch nybo Energy Platform
- isMobile to Support Israel's Smart Meter Rollout
- Swedish TSO Contracts Sweco for Grid Modernization
- Dorper Wind Farm Selects BaxEnergy to Monitor and Control Their Wind Portfolio
- EDF Awards Eviden, Schneider Electric to Equip 6 Planned EPR2 Nuclear Power Plants
- Xenn Energy Management App Launched in Belgium
- Subeca Launches Water AMI Innovation with Amazon Sidewalk
- Utilities and GenAI, 3Q23
- Deloitte Launches Strategic Co-Innovation Initiative with Google Cloud
- Deloitte Expands Alliance with NVIDIA to Unlock Value of GenAI
- Hitachi Energy, Google Cloud Partner on AI Data Analytics
- ABB to Co-Develop Edge Computing for Decentralized Networks
- Advice for Technology Suppliers and Service Providers
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- Related Research
- Synopsis
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