Ascend Analytics’ Post

Today, we published our financial results for the first half of fiscal year 2024. We are looking back at six months with an operating performance in line with our expectations, and we are fully on track to reach our Group forecast for fiscal year 2024. Our adjusted Group EBITDA came in at €4.9 billion, around €800 million below prior-year level. This decline was anticipated because our EBITDA is masked by positive one-off effects in the prior-year period. As Europe's largest distribution grid operator, supplier to 47 million customers, and provider of intelligent energy solutions, we want to be the company that makes new energy work in Europe. We accept this challenge, and we deliver. Basis for this is our strong operating performance and our strong balance sheet, which is also reflected in our numbers. With our ambitious investment program, we make our contribution. In the first half of 2024 alone, we invested a total of €2.9 billion into the energy transition, a plus of more than 20% year-over-year. And we will continue to deliver.   More information on our financial figures: https://lnkd.in/en_zJijk

[#LetsTalkEnergy] Dive into our comprehensive Q3 update, where we explore the latest valuation trends in the energy and infrastructure sector. This particular edition spotlights the challenges and methodologies involved in valuing projects nearing the end of their operational lives. Ben Morris, Partner, Karishma Merchant, Director, and Julian Macmillan, Director, offer an in-depth analysis of publicly available valuation trends, encompassing both debt and equity metrics across the sector. Read more: https://lnkd.in/dFCNeQg5

[#LetsTalkEnergy] Dive into our comprehensive Q3 update, where we explore the latest valuation trends in the energy and infrastructure sector. This particular edition spotlights the challenges and methodologies involved in valuing projects nearing the end of their operational lives. Ben Morris, Partner, Karishma Merchant, Director, and Julian Macmillan, Director, offer an in-depth analysis of publicly available valuation trends, encompassing both debt and equity metrics across the sector. Read more: https://lnkd.in/gQdp3ExG

In our latest sector update, we share how recent trends are driving M&A activity in the utility services sector. Utility infrastructure investment continues to accelerate as utilities contend with increasing power demand after years of near-zero load growth. Access our Q3 brief for other insights, including what we’re reading, select transactions, and public market updates. https://lnkd.in/ggNxX6WK

https://lnkd.in/gphSTEEN G7 coun­tries are set to agree a global tar­get this week­end to increase elec­tri­city stor­age capa­city six­fold from 2022 to 2030, as coun­tries grapple with how to keep the lights on while shift­ing to inter­mit­tent wind and solar power.

🌟 Exciting Announcement! 🌟 Are you intrigued by the evolving dynamics of power markets? Wonder how the Nordics and Northern Europe are leading the charge towards a sustainable energy future? 💡🌍 Join us as we unveil the "Future of Power - Market Outlook 2050," where insights meet innovation. This is your golden opportunity to deep dive into the transformative trends shaping the energy landscape. Whether you’re an investor, industry professional, or simply passionate about energy sustainability, these reports will equip you with the knowledge to navigate the future of power. 🔗 Stay Tuned for the release and ensure you’re part of shaping a greener, more sustainable future. Let's empower our decisions with cutting-edge insights. #FutureOfPower #EnergyOutlook2050 #SustainableInvesting #RenewableEnergy #MarketInsights

Last years of rollercoaster prices on Energy has revealed the big exposure many industries - big or small - have to this fundamental part of their supply chain. StormGeo team of Analysts can help you manage this risk in your day to day operational or investments decisions..

OFGEM SAYS ENERGY BILLS UNLIKELY TO FALL FOR REST OF DECADE (www.ft.com/) Energy bills are not expected to fall substantially over the decade partly due to the costs of building out the electricity network to support the shift to renewables, the chair of the energy regulator has warned. Mark McAllister said that Ofgem expects bills to be “relatively flat in the medium term”, adding that he backed more “targeted support” for households’ struggling with their energy bills. McAllister at Ofgem since November, said: “As we build in more and more renewables, we’re also building in the price, amortised over many years, of the networks as well. “If we look at the forecasts for wholesale prices and then build on top of that the costs of the network going forward, I think we see something in our view that is relatively flat in the medium term.” Last week Ofgem announced a 7% fall from July in the price cap that governs most British household energy bills, because of falling wholesale costs, meaning typical households would pay £1,568 / year. The costs are inflation-linked, but will also factor in the investment needed to develop cables and pylons to cope with the rise of wind and solar farms, heat pumps and electric cars under the shift away from fossil fuels. #smallbusinessowners #smes #energyprices #kentbusiness #fsb #ukenergy #ukenergytransitions

CIOs need an action plan to address the cross-portfolio implications arising from a changing energy system. Learn more in PGIM’s new Megatrends report highlighting the opportunities and challenges for investors: https://on.pru/45UdfsI

Over half \(56%\) of \#energy CFOs are optimistic about the next six months, with a strong focus on \#technology to fuel growth. Discover insights from \#GrantThornton's latest \#CFO survey on how \#FinanceLeaders in energy can leverage tech, tax planning, M&A and more to drive success. https://bit.ly/3BcUG7K