EMEA Utilities Industry Quarterly Update: July-September 2024

Executive Snapshot

• Figure: Executive Snapshot: Utilities Industry Quarterly Update, July–September 2024

New Market Developments and Dynamics

• Situation Overview

• Renewables

• Hydrogen

• Business Environment, 3Q24

• Figure: Worldwide Real GDP Growth Forecast by Region, 2024

• Demand and Prices

• Oil Prices

• Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, October 2023–September 2024

• Electricity Prices

• Figure: Electricity Prices in Major European Power Exchanges, October 2023–September 2024

• Figure: U.S. Average Actual Residential Electricity Prices, October 2023–September 2024

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, October 2023-September 2024

• Listed Utilities Performance

• Figure: Dow Jones Indexes, October 2023-September 2024

• M&As, Agreements, Reorganizations, and Major Business Developments, 3Q24

• Iberdrola Acquires British Network Operator ENW

• GIP, Stonepeak bid for Singapore Power's 40% Stake in Jemena

• Centrica Acquires ENSEK and its Digital Platform, Ignition

• Grid Orchestration Alliance Launched in North America

• TSOs Build, Maintain, and Operate Extra HV Power Lines

• Scatec Secures PPA for Egypt's First Hybrid Solar, Battery Project

• EDF, Octopus Energy Launch Electrify Britain

• Octopus Energy to Deliver 100,000 "Zero Bills" Homes

• U.K.'s Last Coal Power Plant Shuts Down

• New Financing Deals, 3Q24

• California Receives Federal Funds to Improve Power Grid

• EIB Provides €450 Million to Prysmian

• EIB, EU Fund Cabo Verde Energy System Modernization

• Slovenia's Elektro Ljubljana Secures $55.3 Million for Distribution Grid Upgrades

• CEFC Makes Loan Commitment to Intellihub for Smart Meters

• SPEN Gets Funding for Three Critical Projects

• Major Renewables Infrastructure Projects, 3Q24

• EDF Renewables, Repsol Sign an Agreement for Offshore Wind in Spain and Portugal

• Ørsted Launches Heavy-Lift Cargo Drone at Offshore Wind Farm

• China's CRRC Reveals First Order for Floating Wind Turbine

• Vestas Bags 134MW Turbine Order in Japan From Invenergy

• Voltalia Wins Contract for a Solar Power Plant in Ireland

• China Energy Engineering Signs Solar Deal With Saudi Partners

• Botswana Signs Contract for 100MW Solar Plant

• Hitachi Energy to Deliver Dead Tank Breaker to SGCC

• Major Green Hydrogen Projects, 3Q24

• U.K.'s Wales & West Leads Green Hydrogen Development

• BP Joins Consortium Developing Egypt Green Hydrogen Projects

• Boson Energy, Siemens Collaborate on Hydrogen for EV Charging

• Smart Meter and Smart Grid Initiatives, 3Q24

• Croatia's HEP to Install Smart Meters

• Indian Smart Metering Contract for Communication Modules Awarded

• Polish Enea to Install 273,000 Smart Meters in 2025

• 500,000 Smart Meters for Kuwait's Phase 2 Rollout

• Mitsubishi Electric Delivers Head-End System to Taipower

• AES Ohio Set for Second Phase of Smart Grid Deployment

• Siemens Signs Deal to Modernize Nigerian Power Infrastructure

• Yorkshire Water Awards 1.3 Million Smart-Meter Rollout

• Australia's South East Water Deploys Smart Water Meters

• Genus Ships Smart Ultrasonic Water Meters to Australia

• LoRaWAN for Water Submetering in 27,000 Swedish Apartments

• Trilliant, Sense Partner on Edge Intelligence for AMI

• Major Flexibility, EV, and Battery Energy Storage Projects, 3Q24

• ENGIE Starts Construction of Battery Parks in Belgium

• Harmony Energy to Build BESS in France

• Australian Datacenter Project Taps GE Vernova for BESS

• chargEV Unveils BESS for EV Charging Infrastructure

• Vattenfall InCharge Wins Tender in the Netherlands

• Siemens, E.ON Collaborate on Fast-Charging Systems

• EDF Trials Bidirectional Charging for Solar Panels in the U.K.

• Kaluza, Mitsubishi Corporation Launch JV in Japan

• Energy-Efficiency and Water Conservation Initiatives and Sustainability Projects (Including Smart Cities), 3Q24

• Residential PG&E Customers to Access Electricity Usage Data from Apple Home App

• Customers Reduce Energy Use During Heat Wave

• British Gas, Mixergy "Pay Homeowners to Switch on"

• TRENDE Launches Commercial P2P Energy Trading Service

• Schneider Electric Launches AI-Powered HEM Feature

• Major IT Ecosystem Acquisitions and Agreements, 3Q24

• Kraken Technologies Acquires Energetiq

• Kraken Technologies Opens Clean Tech Superhub

• Southern Company Services to Lead Digital Twin for Cyber-Resilience Project

• Accenture Acquires True North Solutions

• Accenture Acquires Boslan

• Cognizant Completes Acquisition of Belcan

• ENSEK Acquires Zoa to Expand Tech Offering to Utilities

• Siemens Xcelerator Partner Ecosystem Adds IFS

• Oracle, AWS Join for Strategic Partnership

• Beebop.ai Secures $5.5 Million for VPP Technology

• Geoelectric Map of U.S. to Protect Power Grid From Space Weather

• Banyan Software to Fund Solar Asset Mapper Project

• IT and OT Contract Wins, 3Q24

• Capgemini Signs With TenneT for its Cloud Transformation

• Kraken Signs Champion Energy as First U.S. Client for its Customer Solution

• EWE, powercloud Extend Cooperation by Five Years

• Solstice Energy Expands Partnership With Gentrack

• E.ON Next Partners With Amber to Revolutionize Energy Consumption

• Essent uses the Eliq Energy Insights Platform

• Water Authority of Fiji Deploys Gentrack on AWS to Drive Business Transformation

• Yu Energy Extends Partnership With Gentrack

• IT Product Announcement, 3Q24

• Emerson Updates Ovation Automation Platform

• Siemens' EnergyIP Renamed to Gridscale X Meter Data Management

• Utilities and GenAI, 3Q24

• DEWA Adopts Microsoft Copilot

• Deloitte, AWS Work on GenAI, Quantum Computing

• Accenture Launches Custom LLM Models on Nvidia AI Foundry

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