Europe is Coming to the US
What are Shell, RWE and Schneider Telling Us?
๐ช๐ต๐ฎ๐ ๐ฑ๐ผ ๐ฎ๐ป๐ป๐ผ๐๐ป๐ฐ๐ฒ๐บ๐ฒ๐ป๐๐ ๐ณ๐ฟ๐ผ๐บ ๐ฆ๐ต๐ฒ๐น๐น, ๐ฅ๐ช๐ ๐ฎ๐ป๐ฑ ๐ฆ๐ฐ๐ต๐ป๐ฒ๐ถ๐ฑ๐ฒ๐ฟ ๐๐ฒ๐น๐น ๐๐?
All three European based multinationals released news early this week and a common thread was ๐ฎ ๐ด๐ฟ๐ผ๐๐ถ๐ป๐ด ๐ฒ๐บ๐ฝ๐ต๐ฎ๐๐ถ๐ ๐ผ๐ป ๐๐ต๐ฒ ๐จ๐ฆ. What did they say:
๐Shell hosted itโs Capital Markets Day and in the section โdeliver more value with less emissionsโ noted plans to โ๐ถ๐ฏ๐ญ๐ฐ๐ค๐ฌ ๐ฎ๐ฐ๐ณ๐ฆ ๐ท๐ข๐ญ๐ถ๐ฆ ๐ง๐ณ๐ฐ๐ฎ ๐ฐ๐ถ๐ณ ๐ด๐ต๐ณ๐ฐ๐ฏ๐จ ๐ฑ๐ฐ๐ณ๐ต๐ง๐ฐ๐ญ๐ช๐ฐ ๐ฐ๐ง ๐๐ฉ๐ฆ๐ฎ๐ช๐ค๐ข๐ญ๐ด ๐ข๐ด๐ด๐ฆ๐ต๐ด ๐ฃ๐บ ๐ฆ๐น๐ฑ๐ญ๐ฐ๐ณ๐ช๐ฏ๐จ ๐ด๐ต๐ณ๐ข๐ต๐ฆ๐จ๐ช๐ค ๐ข๐ฏ๐ฅ ๐ฑ๐ข๐ณ๐ต๐ฏ๐ฆ๐ณ๐ด๐ฉ๐ช๐ฑ ๐ฐ๐ฑ๐ฑ๐ฐ๐ณ๐ต๐ถ๐ฏ๐ช๐ต๐ช๐ฆ๐ด ๐ช๐ฏ ๐ต๐ฉ๐ฆ ๐๐, ๐ข๐ฏ๐ฅ ๐ฃ๐ฐ๐ต๐ฉ ๐ฉ๐ช๐จ๐ฉ-๐จ๐ณ๐ข๐ฅ๐ช๐ฏ๐จ ๐ข๐ฏ๐ฅ ๐ด๐ฆ๐ญ๐ฆ๐ค๐ต๐ช๐ท๐ฆ ๐ค๐ญ๐ฐ๐ด๐ถ๐ณ๐ฆ๐ด ๐ช๐ฏ ๐๐ถ๐ณ๐ฐ๐ฑ๐ฆ, ๐ฆ๐ฏ๐ข๐ฃ๐ญ๐ช๐ฏ๐จ ๐ต๐ฉ๐ฆ ๐ฃ๐ถ๐ด๐ช๐ฏ๐ฆ๐ด๐ด ๐ต๐ฐ ๐ฑ๐ณ๐ฐ๐ด๐ฑ๐ฆ๐ณ ๐ธ๐ฉ๐ช๐ญ๐ด๐ต ๐ช๐ฎ๐ฑ๐ณ๐ฐ๐ท๐ช๐ฏ๐จ ๐ณ๐ฆ๐ต๐ถ๐ณ๐ฏ๐ด ๐ข๐ฏ๐ฅ ๐ณ๐ฆ๐ฅ๐ถ๐ค๐ช๐ฏ๐จ ๐ค๐ข๐ฑ๐ช๐ต๐ข๐ญ ๐ฆ๐ฎ๐ฑ๐ญ๐ฐ๐บ๐ฆ๐ฅ ๐ฃ๐บ 2030.โ
Note the the tactical comments around ๐๐ฒ๐ฒ๐ธ๐ถ๐ป๐ด ๐ผ๐ฝ๐ฝ๐ผ๐ฟ๐๐๐ป๐ถ๐๐ถ๐ฒ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐จ๐ฆ ๐ฎ๐ป๐ฑ ๐ฒ๐ ๐ถ๐๐ถ๐ป๐ด ๐ฎ๐๐๐ฒ๐๐ ๐ถ๐ป ๐๐๐ฟ๐ผ๐ฝ๐ฒ. That geographic shift is part of the strategy to deliver more value.
๐RWE announced a ๐ฎ๐ฌ๐ฌ ๐ ๐ช ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ฝ๐๐ฟ๐ฐ๐ต๐ฎ๐๐ฒ ๐ฎ๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ถ๐๐ต ๐ ๐ฒ๐๐ฎ for output from their Waterloo solar project in Bastrop County, TX.
What caught my attention was that ๐ฅ๐ช๐ ๐ป๐ผ๐๐ฒ๐ฑ ๐๐ต๐ฒ๐ ๐ฎ๐ฟ๐ฒ ๐๐ต๐ฒ โ๐๐ต๐ถ๐ฟ๐ฑ ๐น๐ฎ๐ฟ๐ด๐ฒ๐๐ ๐ฟ๐ฒ๐ป๐ฒ๐๐ฎ๐ฏ๐น๐ฒ ๐ฒ๐ป๐ฒ๐ฟ๐ด๐ ๐ฐ๐ผ๐บ๐ฝ๐ฎ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐จ๐ฆโ ๐๐๐๐ข๐ฅ๐ ๐บ๐ฒ๐ป๐๐ถ๐ผ๐ป๐ถ๐ป๐ด ๐๐ต๐ฒ ๐ฎ๐ด๐ฟ๐ฒ๐ฒ๐บ๐ฒ๐ป๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฝ๐ฟ๐ฒ๐๐ ๐ฟ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ. US leadership is big part of their strategy.
๐Schneider Electric announced that it is planning to ๐ถ๐ป๐๐ฒ๐๐ ๐ผ๐๐ฒ๐ฟ $๐ณ๐ฌ๐ฌ ๐บ๐ถ๐น๐น๐ถ๐ผ๐ป ๐ถ๐ป ๐๐ต๐ฒ ๐จ๐ฆ โto support growing U.S. digitalization, automation, and manufacturing demand in the region.โ ๐ช๐ต๐ถ๐น๐ฒ ๐๐ ๐น๐ฒ๐ฑ ๐ฝ๐ผ๐๐ฒ๐ฟ ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑ ๐ถ๐ ๐ฎ ๐ฑ๐ฟ๐ถ๐๐ฒ๐ฟ (๐๐ฒ๐ฒ ๐๐ต๐ฒ ๐ถ๐บ๐ฎ๐ด๐ฒ ๐ฏ๐ฒ๐น๐ผ๐), ๐๐ต๐ฒ ๐ฝ๐ฟ๐ฒ๐๐๐๐ฟ๐ฒ ๐๐ผ ๐บ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ฒ ๐ฑ๐ผ๐บ๐ฒ๐๐๐ถ๐ฐ๐ฎ๐น๐น๐ (๐ท๐ผ๐ฏ๐, ๐จ๐ฆ ๐บ๐ฎ๐ป๐๐ณ๐ฎ๐ฐ๐๐๐ฟ๐ถ๐ป๐ด, ๐๐บ๐ฒ๐ฟ๐ถ๐ฐ๐ฎ๐ป ๐ฐ๐ผ๐บ๐ฝ๐ฒ๐๐ถ๐๐ถ๐๐ฒ๐ป๐ฒ๐๐ ๐ฎ๐ฟ๐ฒ ๐ฎ๐น๐น ๐ป๐ผ๐๐ฒ๐ฑ) ๐ฎ๐น๐๐ผ ๐ฐ๐ผ๐บ๐ฒ๐ ๐๐ต๐ฟ๐ผ๐๐ด๐ต ๐ถ๐ป ๐๐ต๐ฒ ๐๐ต๐ฒ ๐ฟ๐ฒ๐น๐ฒ๐ฎ๐๐ฒ.
๐ช๐ต๐ฎ๐ ๐๐ถ๐ด๐ป๐ ๐๐ผ ๐ฑ๐ผ ๐๐ผ๐ ๐๐ฒ๐ฒ? ๐๐ฟ๐ฒ ๐๐ต๐ฒ๐ฟ๐ฒ ๐ฐ๐ผ๐ป๐๐ฟ๐ฎ-๐ฒ๐ ๐ฎ๐บ๐ฝ๐น๐ฒ๐ ๐๐ต๐ฎ๐ ๐๐ต๐ผ๐ ๐ถ๐ป๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐น๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐๐ต๐ฒ ๐จ๐ฆ ๐๐ผ๐ ๐ฐ๐ฎ๐ป ๐ฝ๐ผ๐ถ๐ป๐ ๐๐ผ?
