Utilities Asset Operations Quarterly Update: April-June 2023
This IDC Market Perspective provides an overview of utilities' asset operations in 2Q23, covering M&As, agreements, reorganizations, and major business developments; new financial deals; major renewables infrastructure projects; major green hydrogen projects; smart meter and smart grid initiatives; microgrid initiatives and agreements; conservation and energy-efficiency initiatives; major flexibility, EV, and battery energy storage projects; IT ecosystem major acquisitions and agreements, major IT and OT contract wins, IT product announcements; utilities; and GenAI."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," said Gaia Gallotti, associate research director, IDC Energy Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- Situation Overview
- Business Environment, 2Q23
- Demand and Prices
- Oil Prices
- Clean Energy and Sustainability
- Smart Metering
- Hydrogen
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- Utilities and GenAI
- M&As, Agreements, Reorganizations, and Major Business Developments, 2Q23
- Ardian Signs Agreement to Sell ASR Wind to Naturgy
- Iberdrola, Spirax-Sarco Invest in Norway's Kyoto Group
- Northern Ireland's NIE Invests $3.7 Billion in Network Resilience
- EDP Investment Brings Mixergy to Portugal
- New Financing Deals, 2Q23
- World Bank Finances Europe-Tunisia Undersea Cables to Connect Grids
- EXIM Approves $900 Million Loan for Angola's Solar Power Projects
- Ofgem Funds Eight National Grid-Led Energy Innovation Projects
- UK Infrastructure Bank Marks First Energy Storage Investment
- Delhi Distribution Upgrade Delivers Smart Meters, BESS Pilot
- USTDA Grants Funding to Bangladesh for Smart Grids
- SEQUINS Project to Coordinate Smart Grid in the U.S. Pacific Northwest
- Hydro-Powered Smart Water Meter to Be Developed in the U.K.
- Major Renewables Infrastructure Projects, 2Q23
- SSEN Transmission to Invest $13 Billion in Scottish Electric Networks
- Egypt, UAE Sign Agreement to Build $10 Billion Wind Farm in Egypt
- PGE, Orsted Award Subsea Infrastructure Project for Baltica 2 Wind Farm
- U.K.'s First Transmission-Connected Solar Farm Goes Live
- 500MW Gulf of Suez 2 Wind Farm Being Developed by Consortium
- Cape Town to Commission $66 Million Solar Power Plant
- Savannah Energy Inks 200MW Solar Development Deal in Niger
- Kenya, Djibouti Sign Geothermal MOU
- Major Green Hydrogen Projects, 2Q23
- Sinopec's First Green Hydrogen Plant Starts Production in Xinjiang
- Agreement for Green Hydrogen Geothermal Project Signed in Dominica
- 20MW Green Hydrogen Project in the Netherlands
- Smart Meter and Smart Grid Initiatives, 2Q23
- PVVNL Chooses IntelliSmart to Install 6.7 Million Smart Meters in India
- Airtel, Secure Meters to Deploy 1.3 Million NB-IoT Smart Meters in India
- Tauron Invests in 600,000 Smart Meters and Grid Modernization
- RG&E to Install 700,000 Smart Meters
- Brazil's Copel Reaches 500,000 Smart Meters Milestone
- Peru Advances Smart Metering
- Finland's Caruna Starts Next-Gen Smart Meter Rollout
- Smart Submetering Pilot in Germany
- Microgrid Initiatives and Agreements, 2Q23
- AFRL Awards Concurrent Technologies Corporation a Contract to Improve Microgrid Resiliency
- Microgrid Solution to be Provided Across Europe by Schneider Electric and GreenYellow
- Major Flexibility, EV, and Battery Energy Storage Projects, 2Q23
- EV Charging at Home With Zaptec for Ostrom Customers
- OVO Energy Launches Kaluza-Powered Electric Vehicle Charging Plan
- EDF Joins Landis+Gyr, LCP Delta to Test Flexibility Tech in the U.K.
- RWE Begins Construction on 220MW Frequency-Stabilizing Battery System
- Enel X Deploys Battery Swapping VPP in Taiwan
- EDF Renewables UK Signs Wärtsilä to Build Sixth Grid-Scale Energy Storage Project
- Tesla Expands Powerwall Market by Opening Orders in Spain
- Morocco Eyes EV Battery Gigafactory
- South Korean eMobility Majors Join Forces in the U.S. for EV Battery Gigafactory
- Minespider Launches Advanced Open Battery Passport
- Glencore Plans to Build Europe's Biggest Battery Recycling Plant
- BMW, E.ON Connect EVs, Grid With Smart Charging Solution
- Siemens to Acquire Mass-Tech Controls' EV Division
- India to Get its First V2G System
- ABB E-mobility Unveils HVC360 Fleet Charging Solution
- ALD, ChargePoint Deepen Cooperation to Target Corporate Fleets
- Energy-Efficiency Initiatives and Sustainability Projects (Including Smart Cities), 2Q23
- Octopus Energy Creates Solar Street with East London Community
- Iberdrola Launches Advanced Smart Assistant
- Energinet Introduces Blockchain-Based Green Energy Certificate Platform
- LichtBlick, 50Hertz, and Granular Energy Launch Pilot for Transparency in Green Electricity
- Major IT Ecosystem Agreements, IT Contract Wins, IT Product Announcements, 2Q23
- Enel, Planven Entrepreneur Ventures, and Nozomi Networks Launch a Cybersecurity Alliance
- Accenture to Acquire Anser Advisory to Expand Capital Project Capabilities
- Gentrack, Evergen Partner on Advanced Energy Solutions
- Greenbird Partners With Open Web Technology in Switzerland
- Atos Launches Eviden Brand Ahead of $5.5 Billion Carve-Out
- Schneider Electric Launches Zeigo
- Google Aims to Make Negotiating Clean Energy PPAs 80% Faster
- Iberdrola Using Generac Grid Services' Concerto to Support Grid Stability
- Generac Grid Services Supporting the AlectraDrive @Home EV Initiative
- VERBUND Deploys Digital Commissioning Software for Energy Storage Risk Reduction
- Bidgely Releases Hourly Grid-Monitoring Distributed Energy Tool
- Utilities and GenAI, 2Q23
- Dubai's DEWA Pilots ChatGPT to Boost Digital Services
- Salesforce Launches AI Cloud
- Salesforce's Einstein GPT for Field Service Available in Beta
- ServiceNow Expands GenAI Offerings With Now Assist for Virtual Agent
- Google Cloud, KPMG Launch Generative AI Collaboration
- Google Cloud Expand Partnership With Twilio to Improve CX Through GenAI
- HCLTech, Google Cloud Expand Partnership on Generative AI
- Siemens, Microsoft Partner on Generative AI
- Advice for Technology Suppliers and Services Providers
- Learn More
- Related Research
- Synopsis
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