EMEA Utilities Industry Quarterly Update: July-September 2022

Executive Snapshot

• Figure: Executive Snapshot: Utilities Industry Quarterly Update, July–September 2022

New Market Developments and Dynamics

• Situation Overview

• Business Environment, 3Q22

• Figure: Worldwide Real GDP Growth Forecasts by Region, 2022

• Figure: Personal/Private Consumption for Select Geographies, 4Q21–3Q22

• Demand and Prices

• Oil Prices

• Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, October 2021–September 2022

• Electricity Prices

• Figure: Electricity Prices in Major European Power Exchanges, October 2020–September 2022

• Figure: U.S. Average Actual Residential Electricity Prices, October 2021–September 2022

• Clean Energy and Sustainability

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, October 2021–September 2022

• Listed Utilities Performance

• Figure: Dow Jones Indexes, October 2021-September 2022

• M&As, Agreements, Reorganizations, and Major Business Developments, 3Q22

• Italgas Completes Greek Gas DSO Acquisition

• Italgas Launches Innovation Drive in the U.S.

• 50Hertz Greenlights Energy Transmission Hub in Germany

• Nano Energies Becomes First Licensed Electricity Aggregator in Croatia

• Inauguration of the Gas Interconnector Between Poland and Slovakia

• Shell Acquires Africa-Based Clean Energy Company Daystar Power

• SA Signs Three PPAs With Wind Generators

• Enel Group Signs Deal to Sell its Electricity Transmission Business in Chile

• New Financing Deals, 3Q22

• EU Supports Serbia With Loans for Power Interconnections, Smart Metering

• EU Approves $1 Billion to Support Salzgitter Decarbonize by Using Hydrogen

• World Bank to Further Finance Tajikistan's Energy Sector

• Major Traditional Infrastructure Projects, 3Q22

• U.S.' West Virginia Set to Build $3 Billion Natural Gas, Carbon Capture Plant

• 880MW Combined-Cycle Power Plant Installed at Ostiglia in Italy

• Hitachi Energy to Help Bring 50% More Power to 20 Million People in India

• Major Renewables Infrastructure Projects, 3Q22

• Offshore Wind Farm in Scotland Reaches Construction Milestone

• Suzlon Kicks Off Construction of Wind Farm in Sarajevo Canton

• Pattern Energy Starts Construction of 112MW Offshore Wind Farm in Japan

• RWE, Latvenergo Team Up on Offshore Wind in the Latvian Baltic Sea

• RWE Acquires 3GW Solar Pipeline

• RWE, SolarDuck to Develop Offshore Floating Solar

• Samsung C&T to Build Mega Solar Power Project in Qatar

• EDP Renewables Starts Construction on 240MW Texas Solar Park

• Enel Green Power Builds Its First Solar Power Station in Soria, Spain

• Hitachi Energy to Support Major Renewable Electricity Transmission Between Canada and New York City

• Hitachi Energy to Connect Offshore Wind Farms to the U.K. Power Grid

• Major Green Hydrogen Projects, 3Q22

• Shell to Build Renewable Hydrogen Plant to Help Power Dutch Refinery

• Germany Inaugurates World's First Hydrogen-Powered Railway Network

• Green Hydrogen to Pilot as Long Duration Energy Storage in the U.S.

• Water: New Developments, 3Q22

• Paphos to Install 27,000 Smart Water Meters

• Semtech' Joins IoT Ventures, Lacuna Space for Water Monitoring System

• Australian Businesses Save 169 Million Liters in Smart Water Meter Joint Venture

• Smart Meter and Smart Grid Initiatives, 3Q22

• Adani Electricity Invests $62 Million in Mumbai Smart Meter Installations

• Atlantic City Electric Set to Upgrade 565,000 Smart Meters

• Siemens to Equip Alexandria With ADMS, AMI, and 300,000 Smart Meters

• Serbia Smart Metering Project Supported by EU

• Isle of Man to Install 50,000 Smart Meters

• Smart Meters for Poland's Tauron

• CEDIS Extends AMI Project With 20,000 Smart Meter Replacements

• Genus Power Infrastructures Orders 1 Million Smart Metering Solutions From CyanConnode

• Italgas Reti Selects MeteRSIT to Design Gas Smart Meters

• 5 Million IoT-Enabled Smart Meters for India

• Tata Power-DDL Deploys OCR Tech to Optimize Meter Readings in India

• DEWA Analytics Platform to Enhance Smart Meter Management

• EDF Looks to Pay-as-You Go Meters Amid British Billing Crisis

• Microgrid Initiatives and Agreements, 3Q22

• ABB Releases Blueprint for Carbon-Negative Microgrids

• SoCalGas Produces First Green Hydrogen in a Home Microgrid

• Microgrid Laboratory Enables Asset Testing Within Diverse Configurations

• Conservation and Energy-Efficiency Initiatives and Sustainability Projects, 3Q22

• Scottish Fintech Start-Up Snugg Raises Funds to Simplify Energy Efficiency

• Efficient Public Lighting for Chile's La Florida

• UAE Smart City Deploys Smart Strategies to Become Living Lab

• Spanish Resort to Develop Major PV Generation, EV Hubs

• U.K. Smart-Grid-Powered Electric Homes to Be Installed in the U.K.

• E.ON Launches Home Energy-Efficiency Drive in Sweden

• GoodWe, Aico Launch Smart Home Solutions

• ABB, Caverion Collaborate to Accelerate Carbon-Neutral Buildings

• PG&E, Tesla Launch Virtual Power Plant Program

• Major Hybrid and Battery Energy Storage Projects, 3Q22

• Iberdrola Switches on Commercial-Scale Battery System in Ireland

• Volkswagen Enters EV Battery Business With $20 Billion Investment in PowerCo

• Iberdrola Opens One of Europe's Largest Pumped Storage Facilities

• Five Long-Duration Energy Storage Projects Get Funding in New York

• Energy Vault Develops Gravity Storage Solution for Chinese Industrial Parks

• Major eMobility Agreements, 3Q22

• ABB, Shell to Launch Nationwide Network of Fastest EV Charger in Germany

• Belgium Orders 4,400 Public EV Charge Points Over the Next Two Years

• Power Poles Transformed Into Front-of-Meter EV Charging Stations

• 1 Million EV Charge Point Milestone in France

• Project BATRAW: Raw Material Recovery from EV Batteries

• CPUC Decision Makes California First State to Allow Submetering of EV

• Uplight Launches Grid-Minded EV Software Suite With AMI Analytics

• Octopus Energy, National Grid Demonstrate First V2G in the U.K.

• Major IT Ecosystem Acquisitions and Agreements, 3Q22

• Minsait, Red Hat, and Intel Come Together to Digitalize Electrical Substations

• Samsung's Smart Platform, Itron's IIoT Joined for Utility-Scale DERMS

• IFS Acquires ULTIMO Software Solutions

• Shell to Collaborate With NREL on Grid Edge Solutions

• DEWA Smartens Distribution Networks in Efficiency Drive

• Accenture to Help Reduce Electricity Rates for Colonial Pipeline's Interstate System

• Siemens Partners With GIS Software Provider to Level Up Grid Planning

• PTC India, AutoGrid Enter MOU to Collaborate for Indian Power Market

• IT and OT Contract Wins, 3Q22

• Shell, Siemens Sign MOU to Advance Low-Carbon, Highly Efficient Energy Solutions

• Ignitis Gamyba Chooses GE Digital's OPM Production Planning Software to Forecast Day-Ahead Electricity Trading

• E.ON, npower Business Solutions Consolidate I&C Division on Gentrack

• BSES Chooses Bidgely for Transitioning Toward a Greener and Digitalized Future

• Eneco Selects Capgemini for Sustainable Energy Transition and Growth Strategy

• Bidgely Selected as the Technology Service Provider for Energy Theft Solution

• AGL Energy, Kaluza to Offer Smart Charging Services

• Singapore Gentailer Selects Gentrack to Improve Customer Experiences

• Centrica Modernizes Applications With VMware

• Intelligent Grid Platform to Automate DER Connections in Estonia

• Arizona Public Service Chooses Generac Grid Services for End-to-End DERMS Solution

• Mitsubishi Power Selects Emerson Software and Technologies for Advanced Clean Energy Storage Hydrogen Hub

• ScottishPower, BT to Help Connect Scotland's Renewable Growth

• Latin American Celsia Colombian Celsia Deploys Suite of Oracle Solutions

• IT Product Announcement, 3Q22

• New Global Energy Storage Consortium Launches

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