UTILITIES & CLEAN ENERGY : CEO conference précis: Electrification ebullience

Research evidence excerpt

UTILITIES & CLEAN ENERGY : CEO conference précis: Electrification ebullience

EQUITIES

UTILITIES & CLEAN ENERGY

CEO conference précis: Electrification ebullience

Last week we hosted 9 European utility CEOs and CFOs at our Paris conference. We felt this was8 JUNE 2026

Sector Research Report the most positive set of meetings and fireside chats we’ve had in recent years, with post-Iran energy

Production time: 05:43* (London time)

security concerns seen as putting new impetus behind electrification efforts in Europe. Companies

Research Analysts & Publishing Entities

are discussing upside to their renewables plans, rising opportunities in storage / flexibility, and

Harry Wyburd continued momentum in grids. With recent sector weakness at odds with an improving fundamentalBNP Paribas London Branch

(+44) 203 430 8665 picture, we return incrementally more bullish than we were in our recent 2H26 Outlook.

harry.wyburd@uk.bnpparibas.com

Energy security now seen as the primary electrification driver in EuropeManuel Palomo

We saw wide agreement, from clients as well as corporates, that Iran will result in an enduringlyBNP Paribas SA

(+34) 91 114 83 07 faster pace of electrification in Europe. And whilst there remained strong focus on the data centre

manuel.palomo@bnpparibas.com power demand opportunity, we witnessed a new broadening out of attention to heat pump and EV

Joy Xu demand, with significant growth in EV registrations gaining particular attention in meetings.

BNP Paribas London Branch

(+44) 207 039 9438 Renewables capex expansion: back on the agenda

joy.x.xu@uk.bnpparibas.com

After several years of relative retrenchment, we heard CEOs speaking more positively again on the

potential to raise capex allocations to renewables, and not just in the US. We also heard more