EMEA Utilities Industry Quarterly Update: April-June 2023

Executive Snapshot

• Figure: Executive Snapshot: Utilities Industry Quarterly Update, April-June 2023

New Market Developments and Dynamics

• Situation Overview

• Business Environment, 2Q23

• Figure: Worldwide Real GDP Growth Forecasts by Region, 2023

• Figure: Personal/Private Consumption for Select Geographies, 3Q22–2Q23

• Demand and Prices

• Oil Prices

• Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, July 2022–June 2023

• Electricity Prices

• Figure: Electricity Prices in Major European Power Exchanges, July 2022-June 2023

• Figure: U.S. Average Actual Residential Electricity Prices, July 2022–June 2023

• Clean Energy and Sustainability

• Smart Metering

• Hydrogen

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, July 2022–June 2023

• Listed Utilities Performance

• Figure: Dow Jones Indexes, July 2022-June 2023

• 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

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