RWE: Deep dive: how Amprion could drive >20% EPS upside

Research evidence excerpt

RWE: Deep dive: how Amprion could drive >20% EPS upside

Appebndix: acronyms

Exhibit 16: Commonly used acronyms

Across our coverage

Acronym Definition

AI Artificial Intelligence

AR Allocation Round

ASTI Accelerated Strategic Transmission Investment

BESS Battery Energy Storage System

BNEF Bloomberg New Energy Finance

BNetzA Bundesnetzagentur

CCGT Combined Cycle Gas Turbine

CFD Contract for Difference

CMD Capital Market Day

CoD Commercial Operation Date

CoE Cost Of Equity

DCF Discounted Cash-Flow

DDM Dividend Discount Model

DNO Distribution Network Operator

DPS Dividend Per Share

EC European Commission

ED Electricity Distribution

EPC Engineering Procurement And Construction

ESO Electricity System Operator

ET Electricity Transmission

ETS Emissions Trading Scheme

FID Final Investment Decision

GW Unit Of Power = 10^9 Watts

IPP Independent Power Producer

IRA Inflation Reduction Act (USA)

IRR Internal Rate Of Return

ITC Investment Tax Credit

KPI Key Performance Indicator

LCOE Levelised Cost of Electricity

LDES Long Duration Energy Storage

LNG Liquified Natural Gas

LOTI Large Onshore Transmission Investments

MLD Million Litters Per Day = 000s m3 Per Day

MW Unit Of Power = 10^6 Watts

MWh Unit Of Power Produced Or Used = 1MW During 1 Hour

O&M Operation And Maintenance

OCGT Open Cycle Gas Turbine

PCFM Price Control Financial Model

PE Private Equity

PMI Purchasing Managers Index

PO Price Objective

PPA Power Purchase Agreement

PTC Production Tax Credit

PV Photovoltaic

RAB Regulated Asset Base

RAV/RAB/RCV Regulated Asset Value/Base/Capital Value

RIIO-T/D Revenue Incentives + Innovation + Outputs - Transmission/Distribution

RSI Relative Strength Index

RTB Ready-To-Build

SMID Small And Mid Caps

Solar DG Solar Distributed Grid

Solar PV Solar Photovoltaic

SOTP Sum Of The Parts