PUBLISHER: IDC | PRODUCT CODE: 1591368
PUBLISHER: IDC | PRODUCT CODE: 1591368
Utilities Asset Operations Quarterly Update: July-September 2024
This IDC Market Perspective provides an overview of utilities' asset operations in 3Q24. It covers M&As, reorganizations, major business developments, renewables infrastructure projects, green hydrogen projects, smart meter and smart grid initiatives, EV and battery energy storage projects, IT ecosystem acquisitions, IT and OT contract wins, IT product announcements, and GenAI developments."Unpredictability has become the name of the game for utilities - and the events of the past two years have changed the game. While more immediate matters such as supply security, demand efficiency, and tariff impacts on energy consumers are drawing attention from long-term initiatives, contingent factors such as extreme drought and catastrophic weather events are a vivid reminder that climate is a nonlinear factor that must be addressed with extreme urgency. Utilities will continue to prioritize their net zero journeys and sustainability efforts, with affordability being of paramount importance." Associate Research Director Gaia Gallotti, IDC Energy Insights
Executive Snapshot
New Market Developments and Dynamics
- Situation Overview
- Renewables
- Hydrogen
- Business Environment, 3Q24
- Demand and Prices
- Oil Prices
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- M&As, Agreements, Reorganizations, and Major Business Developments, 3Q24
- Iberdrola Acquires British Network Operator ENW
- GIP and Stonepeak bid for Singapore Power's 40% stake in Jemena
- Centrica Acquires ENSEK and its Digital Platform, Ignition
- Grid Orchestration Alliance Launched in North America
- TSOs Build, Maintain and Operate Extra HV Power Lines
- Scatec Secures PPA for Egypt's First Hybrid Solar, Battery Project
- U.K.'s Last Coal Power Plant Shut Down
- New Financing Deals, 3Q24
- California Receives Federal Funds to Improve Power Grid
- EIB provides €450 million to Prysmian
- EIB and EU Fund Cabo Verde Energy System Modernization
- Slovenia's Elektro Ljubljana Secures $55.3M for Distribution Grid Upgrades
- CEFC Makes Loan Commitment to Intellihub for Smart Meters
- SPEN Gets Funding for Three Critical Projects
- Major Renewables Infrastructure Projects, 3Q24
- EDF Renewables and Repsol Sign Agreement for Offshore Wind
- Orsted Launches Heavy-Lift Cargo Drone at Offshore Wind Farm
- China's CRRC Reveals First Order for Floating Wind Turbine
- Vestas Bags 134MW Turbine Order in Japan from Invenergy
- Voltalia Wins Contract for a Solar Power Plant in Ireland
- China Energy Engineering Signs Solar Deal with Saudi Partners
- Botswana Signs Contract for 100MW Solar Plant
- Hitachi Energy to Deliver Dead Tank Breaker to SGCC
- Major Green Hydrogen Projects, 3Q24
- Wales & West Leads Green Hydrogen Development
- BP Joins Consortium for Egypt Green Hydrogen Projects
- Boson Energy and Siemens Collaborate on Hydrogen for EV Charging
- Smart Meter and Smart Grid Initiatives, 3Q24
- Croatia's HEP to Install Smart Meters
- Indian Smart Metering Contract for Communication Modules Awarded
- Polish Enea to Install 273,000 Smart Meters in 2025
- 500,000 Smart Meters for Kuwait's Phase 2 Rollout
- Mitsubishi Electric Delivers Headend System to Taipower
- AES Ohio Set for Second Phase of Smart Grid Deployment
- Siemens Signs Deal to Modernize Nigerian Power Infrastructure
- Yorkshire Water Awards 1.3 Million Smart Meter Rollout
- Australia's South East Water Deploys Smart Water Meters
- Genus Shipped Smart Ultrasonic Water Meters to Australia
- LoRaWAN for Water Submetering in 27,000 Swedish Apartments
- Trilliant and Sense Partner on Edge Intelligence for AMI
- Major Flexibility, EV, and Battery Energy Storage Projects, 3Q24
- ENGIE Starts Construction of Battery Parks in Belgium
- Harmony Energy to Build BESS in France
- Australian Datacenter Project Taps GE Vernova for BESS
- chargEV Unveils BESS for EV Charging Infrastructure
- Vattenfall InCharge Wins Tender in the Netherlands
- Siemens and E.ON Collaborate on Fast Charging Systems
- EDF Trials Bidirectional Charging for Solar Panels in U.K.
- Kaluza and Mitsubishi Launch Joint Venture
- Major IT Ecosystem, IT Contract, IT Product Announcements, 3Q24
- Kraken Technologies Opens Clean Tech Superhub
- Southern Company Services to Lead Digital Twin for Cyber Resilience Project
- Accenture Acquires True North Solutions
- Accenture Acquires Boslan
- Cognizant Completes Acquisition of Belcan
- Siemens Xcelerator Partner Ecosystem Adds IFS
- Beebop.ai Secures $5.5 Million for VPP Technology
- Geoelectric Map of U.S. to Protect Power Grid from Space Weather
- Banyan Software to Fund Solar Asset Mapper Project
- Capgemini Signs with TenneT for its Cloud Transformation
- Emerson Updates Ovatio Automation Platform
- Siemens' EnergyIP Renamed to Gridscale X Meter Data Management
- Utilities and GenAI, 3Q24
- DEWA Adopts Microsoft Copilot
- Deloitte and AWS Work on GenAI and Quantum Computing
- Accenture Launches Custom LLM Models on NVIDIA AI Foundry
Advice for the Technology Supplier
Learn More
- Related Research
- Synopsis
