EMEA Utilities Industry Quarterly Update: October-December 2023
This IDC Market Perspective provides an overview of the utilities industry in 4Q23, 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
- Clean Energy and Sustainability
- Hydrogen
- Energy Efficiency
- Business Environment, 4Q23
- Demand and Prices
- Oil Prices
- Electricity Prices
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- Utilities and GenAI
- New Market Developments and Dynamics
- M&As, Agreements, Reorganizations, and Major Business Developments, 4Q23
- Octopus Energy Completes Purchase of Shell Energy Retail in the U.K. and Germany
- U.K.'s Octopus Energy Launches $3.7 Billion Offshore Wind Fund With Tokyo Gas
- Galicia Launches Clean Power Utility
- Iberdrola's New York Utilities Win Approval for Reliable Energy Plan
- ENGIE Reaches Deal on Extension of Tihange 3, Doel 4 Nuclear Reactors
- New Financing Deals, 4Q23
- Greece's HEDNO to Deploy 3.1 Million Smart Meters
- EU to Boost Gabreta Smart Grids Project With $107.6 Million
- EBRD Lends $87.5 Million to Delgaz Grid in Romania
- Major Renewables Infrastructure Projects, 4Q23
- South America's Floating Solar Farm Launched in Colombia
- Washington Utility PSE to Build 248MW Wind Farm in Montana
- Octopus Energy to Build Sierra Leone's First Wind Farm With Sherbro Alliance Partners
- Ilmatar to Build 186MW Onshore Wind in Finland
- Suzlon Wins 100.8MW Wind Turbine Order in Gujarat in India
- Statkraft Starts Building 42.2MW Solar Farm in Southern Spain
- Neoen Starts Construction of Solar Farm in Australia
- Taesa Chooses Hitachi Energy for High-Voltage Direct Current Transmission System
- CPC Finland Selects Hitachi Energy's Technology for Finland's Solar PV Power Plant
- Major Green Hydrogen Projects, 4Q23
- Canadian Firm to Build $2.9 Billion Green Hydrogen Project in Quebec
- ACWA Power Signs Deal for $1 Billion Green Hydrogen Project in Indonesia
- Australia Funds New Hydrogen Hub Project at Port Bonython
- EDF Renewables UK, Hynamics Get Funding for Green Hydrogen Project
- Smart Meter and Smart Grid Initiatives, 4Q23
- Puerto Rico's 1.5 Million Smart Meter Replacement Gets Go-Ahead
- Serbian DSO Selects Suppliers for 470,000 Smart Meters
- 373,000 Smart Meter Program Launched by Snohomish PUD in the U.S.
- EMASESA to Deploy 77,300 Smart Water Meters in Seville
- New Jersey's TWW Launches Smart Water Meters Program
- Smart Water Metering Pilots in Western Australia
- German TSOs to Cooperate on Four Grid Expansion Projects
- National Grid Refurbishes 170km of U.K. Transmission Network
- UK Power Networks Invest $7.6 Million in Substation Communications
- Enel Unveils Plan for Grid Investment
- Italgas, Tokyo Gas Network Agree to Develop Future Gas Distribution Networks
- Aspern Smart City Grid to Be Modelled With Digital Twin
- Microgrid Initiatives and Agreements, 4Q23
- Canadian Government Invests in First Nation Microgrid Project
- Cuyahoga County to Launch Nation's First Microgrid Utility
- Reon Energy to Build Microgrid for Arabian Yemen Cement
- Major Flexibility, EV, and Battery Energy Storage Projects, 4Q23
- Quebec City Chooses Hitachi Energy for Centralized EV Bus Charging System
- Italy Selects Hitachi Energy to Deploy Ultrafast Charging eMobility Solution
- Turkey Chooses Siemens for 200 EV Fast Chargers and Digital Services
- Ford Buys EV Energy Company AMP to Improve Charging and Battery Management
- Spain's Naturgy to Study Reusing Old EV Batteries for Stationary BESS
- Kaluza, OVO Energy Tap Volvo for Vehicle to Everything Tech
- SDG&E, Toyota to Collaborate on Vehicle to Grid Technology
- GreenV Makes Electric Vehicle Chargers Smart With IoT Technology
- Honeywell to Provide U.S. Virgin Islands With BESS
- Major IT Ecosystem Acquisitions and Agreements, 4Q23
- Uplight to Acquire DERMS Provider AutoGrid
- Cognizant Buying Thirdera in Move to Build ServiceNow Business
- Vector, AWS Extend Renewable Energy Data Platform Partnership
- Siemens Acquires BuntPlanet to Strengthen AI Portfolio in the Water Sector
- Siemens, ServiceNow Enable Cloud-Based Management of OT Assets
- Itron Joins the Green Button Alliance to Help Green Button Standard
- Goodwill Launches Major Green Jobs Program in Partnership With Accenture
- Subeca Launches Amazon Sidewalk-Based Solution for Water Metering
- IT and OT Contract Wins, 4Q23
- National Grid UK to Develop Digital Twin for Regional Energy Planning
- UK Power Networks' Smart Metering Data Moved to Microsoft Azure Cloud Storage
- OVO Completes Migration of SSE Customers
- Varberg Energi Selects Hansen to Power Intraday Trading
- Nordic Energy Retailer Goes Live With Hansen CIS in Sweden
- Genesis Selects Gentrack g2.0 for New Customer Experience
- Tokyo Gas Licenses Kraken to Digitalize Operations
- TAQA Selects Kraken Technology's Platform for Pilot Project
- GE Vernova Awarded Service Agreement for New CCPP in Senegal
- Alectra to Deploy Itron's Distributed Intelligence Technology
- Italgas Monitors 8 Million Smart Meters With New Assurance Solution
- IT Product Announcement, 4Q23
- OpenADR 3.0 Launched for Distributed Energy Resource Management
- Utilities and GenAI, 4Q23
- E.ON Launches GenAI Assistant
- Microsoft Launches Security Copilot Early Access Program
- Microsoft Launches Two New Copilots for Service, Sales
- IBM Continues AI Push With $500 Million Enterprise AI Venture Fund
- Accenture Collaborates With SAP to Help Organizations Adopt GenAI
- Deloitte, ServiceNow Extend Partnership With GenAI Integration
- CGI, Google to Drive Innovation in the Responsible Use of GenAI
- Siemens, Microsoft Partner to Drive Cross-Industry AI Adoption
- Schneider Electric Drives GenAI by Integrating Microsoft Azure OpenAI
- C3 AI Expands Strategic Collaboration Agreement With AWS
- Advice for Technology Suppliers and Service Providers
- Learn More
- Related Research
- Synopsis
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