EMEA Utilities Industry Quarterly Update: January-March 2023

Executive Snapshot

• Figure: Executive Snapshot: Utilities Industry Quarterly Update, January-March 2023

New Market Developments and Dynamics

• Situation Overview

• Business Environment, 1Q23

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

• Figure: Personal/Private Consumption for Select Geographies, 2Q22–1Q23

• Demand and Prices

• Oil Prices

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

• Electricity Prices

• Figure: Electricity Prices in Major European Power Exchanges, April 2022-March 2023

• Figure: U.S. Average Actual Residential Electricity Prices, April 2022–March 2023

• Clean Energy and Sustainability

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, April 2022–March 2023

• Listed Utilities Performance

• Figure: Dow Jones Indexes, April 2022-March 2023

• M&As, Agreements, Reorganizations, and Major Business Developments, 1Q23

• U.K. Energy Firms Lose High Court Challenge Over Handling of Bulb Sale

• RWE Acquires JBM Solar, Becoming a Top 3 Solar Developer in the U.K.

• Tata Power Joins With Enel Group on Electricity Distribution

• Shell USA Finalizes Acquisition of Volta

• Octopus Energy to Create Texan Virtual Power Plant

• GM, Ford, Google Nest Launch a Virtual Power Plant Partnership

• Alliander, Stedin, Enexis, TenneT Collaborate on Innovation Program

• Statkraft, Inovyn Sign New Long-Term Green Power Agreements

• New Financing Major Traditional Infrastructure Projects, 1Q23

• Terna Secures $2.1 Billion Loan From EIB for the Tyrrhenian Link

• Endesa Secures Further Funding for Smart Grid in Spain

• Ellevio Secures Loan From the EIB to Enhance Stockholm's Electricity Grid

• Turkish EV and Smart Grid Infrastructure Receives Funding from EBRD

• U.S. Smart Water Projects Get Funding to Stymie Potential Water Conflicts

• EIB, Kenya Strengthen Green Hydrogen Cooperation

• Germany to Interconnect 10GW of Offshore Wind in North Sea

• IberBlue Wind to Build Floating Offshore Wind Farm in Portugal

• Iberdrola, Haizea Wind Group Sign Contract for Offshore Wind Power

• Vestas Secures 373MW Wind Turbine Contract in South Africa

• ACWA Power Signs $2.5 Billion Solar Plant Contract With Uzbekistan

• KOWEPO Wins Contract to Construct 500MW Solar Plant in Oman

• Major Green Hydrogen Projects, 1Q23

• EU Commission Approves Scheme for Renewable Hydrogen Production

• PG&E, Energy Vault Collaborating in the U.S.

• Petrojet Signs Agreement for Green Hydrogen Projects in Egypt

• Smart Hydrogen Gas Network to Trial in Northern England

• Yorkshire Water Targets Smart Water Metering for New Housing in the U.K.

• Saudi Aramco, Almar Water Solutions Partner for Zuluf Water Project

• Italy's Abbanoa Advances Sardinian Smart Water Meter Campaign

• PGE Partners With Expeto to Accelerate Grid Modernization

• Italy's Terna Launches $11.7 Billion HVDC Hypergrid Project

• Hitachi Energy Wins Contract for Saudi HVDC Station Upgrade

• Electric Co-Ops Band Together for Smart Grid Funding

• Taiwan Power Orders AMI System With 450,000 More Smart Meters

• Three Finnish DSOs Secure 300,000 Smart Meters, Metering SaaS

• Romania's Delgaz Grid to Install 11,000 Smart Meters

• CyanConnode, Montecarlo Team Up for Smart Metering in India

• Qatar Utility Upgrades Itron MDM for Thermal Operations

• Solar Microgrid Coming to New York City's JFK Airport

• Oceaneering, Kontiki Winds Sign to Electrify Offshore Assets and Remote Microgrids

• U.K. Community DSO Project to Develop Smart Local Energy Systems

• Octopus Offers Heat Pump at Same Price as a Gas Boiler

• Schneider Electric Launches Sustainable Home Energy Management Solution

• Siemens Launches Connect Box, a Smart IoT Solution to Manage Small Buildings

• Enel Collaborates on Italian Maritime Electrification

• Shell Energy to Connect 1GWh BESS to Australia's Grid

• Ellevio Orders 70MW Battery Energy Storage Systems From Alfen

• Nostromo Energy Developing Ice-Based Energy Storage System and VPP

• Eneco Signs With Corre Energy for the Compressed Air Storage Project

• Sonnen, TenneT Power German Grid With Electric Cars

• Iberdrola, BP to Deploy EV Charging Points in Spain and Portugal

• BP Pulse, APCOA to Build 100 Charging Hubs in Europe

• Recharge Chooses Driivz Platform to Manage Nordic EV Charging Network

• Kaluza, Mitsubishi Motors Collaborate on Japan EV Smart Charging Service

• OVO Energy Launches Kaluza-Powered Electric Vehicle Charging Plan

• EV Stakeholder Platform to Ramp Up India's Electric Mobility Ecosystem

• Enel X, MIDAC to Develop a Sustainable Lithium Battery Supply Chain

• Microsoft, Qcells Collaborate on Clean Energy Economy

• Google Aims to Make Negotiating Clean Energy PPAs 80% Faster

• Intertrust, EIPGRID Partner on Global DERM, VPP Platform

• AutoGrid Partners With Encycle to Extend Utility-Scale VPPs

• Tantalus, PayGo Partner to Help Utilities Implement Flexible Payment Solutions

• Iberdrola Selects AWS for Digital Strategy

• AWS, Water.org Help Address World's Water Crisis

• AGL Deploys Customer Data Platform Using the Microsoft Cloud

• Lodestone Energy Selected Emerson to Ensure Safety and Reliability

• Tata Power, AutoGrid Expand AI-Enabled Smart Energy Management

• Eneco Leverages Capgemini to Reduce Annual Carbon Footprint

• National Grid, University of Manchester Pilot Drone-Mounted Electric Field Sensors for Pylon Inspections

• SSEN Deploys Self-Restorative Automation Tech in Isle of Wight

• GE Digital Launches GridOS Software

• Bidgely Launches Turnkey Electric Vehicle Active Managed Charging

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