EMEA Utilities Industry Quarterly Update: January-March 2024

Executive Snapshot

New Market Developments and Dynamics

• Situation Overview
  • Hydrogen
  • Energy Efficiency
  • Business Environment, 1Q24
  • Demand and Prices
    • Oil Prices
  • Electricity Prices
  • Indicators of Renewable Performances on Financial Markets
    • Listed Utilities Performance

New Market Developments and Dynamics

• M&As, Agreements, Reorganizations, and Major Business Developments, 1Q24
  • Vale Buys Remaining 45% Stake in Alianca Energia for $541 Million
  • EDF Acquires Solar PV, Battery Installer
  • Italy's Terna Unveiled Investment Plan Guided by Twin Transition
  • Italy's A2A Signs $1.3 Billion Deal With Enel's e-distribuzione
  • Enaon: A New Name in Greece's Gas Distribution Market
  • Britain's National Grid ESO Announces Name of Future System Operator
• New Financing Deals, 1Q24
  • Iberdrola Secures $325 Million to Wean Coal-Heavy Countries Onto Renewables
  • Enea Secures Distribution Modernization and Smart Metering EIB Loan
  • Lithuania Gets Energy Independence Boost With EIB Loan to Ignitis
  • EIB Finances Northvolt's Battery Factory with Over $1 Billion
• Major Renewables Infrastructure Projects, 1Q24
  • Kazakhstan Signs Deals for 3GW of Wind Power
  • Shanghai Electric Unit to Supply Turbines for 40MW Vietnam Wind Project
  • Eni's Plenitude to Develop Offshore Wind Projects in Spain
  • Corio Signs Offshore Wind MOU With Vietnamese Power Company
  • Nordex Wins Large South African Wind Turbine Order
  • WindEurope to Help Azerbaijan Advance Wind Buildout
  • Plenitude Completes Construction of Ravenna Ponticelle Photovoltaic Plant
  • Sunly Constructing 244MW Solar Park in the Baltics
  • Solar Steel Wins Order for 21MW of Trackers for Spanish Solar Project
  • India's SJVN Commissions 100MW of Solar Power
  • Eni Signs Strategic Agreements With Kazakh Companies
  • Grid United, Hitachi Energy to Strengthen U.S. Power Grid
  • TransnetBW, Hitachi Energy Make German Grid Fit for Future
  • RWE, Hitachi Energy to Accelerate the Energy Transition in Europe
• Major Green Hydrogen Projects, 1Q24
  • Bloom Energy, SK ecoplant Collaborate on a Major Hydrogen Project
  • CS Energy Chooses GE Vernova's Gas Turbines for Hydrogen Power Plant
  • Maire Tecnimont Wins Contract for Green Hydrogen in Portugal
  • JGC Wins FEED Contract for Green Hydrogen Project in Malaysia
  • Egypt Inks Seven More Agreements for Green Hydrogen Projects
  • Emerson to Provide Integrated Hydrogen Mobility Technologies to H2 Hauler
• Smart Meter and Smart Grid Initiatives, 1Q24
  • Rhode Island Energy to Deploy 530,000 Smart Meters
  • Xcel Energy Starts 200,000 Smart Meter Rollout in North and South Dakota
  • ECG Replacing 450,000 Old Meters in the Accra West Region
  • Cyprus 400,000 Smart Meter Rollout Set to Go Ahead
  • Romania's 3 Retele Electrice DSOs Launch 300,000 Smart Meter Tender
  • Alt HAN Smart Metering Rollout in Britain
  • Italgas Rolls Out First 20,000 Nimbus H-Ready Smart Meters
  • Severn Trent Creating Smart Water Hub in Central England
  • Spain's Aqualia to Smarten Water Meters With NB-IoT Connectivity
  • Essex & Suffolk Water Advances Smart Meter Rollout
• Microgrid Initiatives and Agreements, 1Q24
  • SDG&E Unveils Innovative Microgrids in Grid Resilience Bid
  • U.S. Co-op Consortium Selected for $45 Million in DOE Funding for Rural Microgrid
  • South African City Power to Light Up 500 Households Through Microgrid
  • BayWa r.e. Completes Unique PV, Wind, and Battery Storage System in Germany
• Major Flexibility, EV, and Battery Energy Storage Projects, 1Q24
  • PG&E, Kaluza, and Wallbox to Deliver EV Charging and V2X Program in California
  • Portugal's REN to Pioneer Transmission Connected EV Charging
  • Vattenfall Investing in EV Charging Infrastructure
  • Vattenfall InCharge Collaborates to Create 35,000 New Public Charging Points
  • E.ON Opens eMobility Test and Innovation Center in Germany
  • Siemens Prepares One of Portugal's Tallest Buildings for the Future of eMobility
  • EnergyHub, Toyota North America Partner on Grid Balancing Program
• Energy-Efficiency and Water Conservation Initiatives and Sustainability Projects (Including Smart Cities), 1Q24
  • DEWA, ESA Partner on Space-Based Applications for Utilities
  • Siemens's Enlighted, Zumtobel Group Partner to Advance Smart Building Solutions
  • EDF Invests in Spotr to Accelerate Housing's Decarbonization
• Major IT Ecosystem Acquisitions and Agreements, 1Q24
  • Engineering Chooses Microsoft Azure for the new Neta Open Suite
  • Froliq, Oracle Energy & Water Launch Pioneering AR App
  • GE Vernova Partners With Dragos for Cybersecurity Solutions
  • SGS, Generac Grid Services Collaborate to Offer DERMS Solution
  • Gentrack Invests to Enhance and Globally License Amber's Solutions
  • Honeywell, NXP Semiconductors to Enhance Building Energy Management
  • Kraken Technologies Acquires Berlin Tech Disruptor Kwest
  • Itron Acquires Elpis Squared
  • Kaluza, Jumptech Partner to Simplify Energy Hardware Installations
  • Schneider Electric, Nvidia to Collaborate on Designs for AI Datacenters
  • NERC CIP Creates Opportunities for the Power Sector to Use Cloud Technology
• IT and OT Contract Wins, 1Q24
  • Bixia Expands Trading Operations With Hansen Technologies
  • EPV Expands Utilization of Hansen's Trading Solution
  • PSEG Long Island Expands Partnership With Bidgely to Build Energy-Efficiency Program
  • Gasunie Drives Sustainability, Efficiency in the Dutch Energy Sector With Microsoft Intelligent Data Platform
• IT Product Announcement, 1Q24
  • Siemens Launches gridscale X
  • Salesforce Launches Clean Energy Program Management
  • CGI Launches Computer Vision Solution
• Utilities and GenAI, 1Q24
  • Deloitte Acquires OpTeamizer
  • Siemens Brings GenAI to Predictive Maintenance
  • Capgemini Partners With Mistral AI
  • EY, ServiceNow to Provide Solutions for GenAI Compliance, Governance, and Risk Management
  • MIT LIDS Awarded Funding for GenAI for Smart Grid Modelling

Advice for Technology Suppliers and Service Providers

Learn More

• Related Research
• Synopsis