Utilities Asset Operations Quarterly Update: July-September 2023
This IDC Market Perspective provides an overview of utilities' asset operations in 3Q23, 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, and 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
- Clean Energy and Sustainability
- Hydrogen
- Smart Metering
- Business Environment, 3Q23
- Demand and Prices
- Oil Prices
- Indicators of Renewable Performances on Financial Markets
- Listed Utilities Performance
- Utilities and GenAI
- M&As, Agreements, Reorganizations, and Major Business Developments, 3Q23
- Greek TSO Acquires 25% Share in EuroAsia Interconnector
- Enel Signs Agreement to Supply Eaton Facility With Texas Wind Energy
- Germany Forms Second Energy-Efficiency Network for Network Operators
- Global Energy Companies Launch Interoperability Alliance
- New York Greenlights Con Edison's $11.8 Billion Clean Energy Investment Plan
- New York Creates Battery Storage Fire Safety Working Group
- New York Announces $11 Million in Funding to Address Grid Challenges
- New Financing Deals, 3Q23
- U.S. Announces Funding Opportunity for AMI-Enhanced Grid Reliability Projects
- EIB Increases REPowerEU Support to $50.2 billion
- IFC Invests Record $11.5 Billion for Africa's Green Transition
- EIB Invests $42 Million in Climate Infrastructure Through Acre
- AfDB, AMEA Power, IFC, and SEFA Launch Privately Financed Solar Project
- New ARENA Funding for Renewable Energy in First Nations Communities
- Enel X Awards Grant to Unlock Flexible Demand in the Commercial Refrigeration Sector
- Major Renewables Infrastructure Projects, 3Q23
- Egypt Signs Deal for 3GW Wind Farm Project in West Sohag
- RWE, Stanwell Sign MOU for Two Renewable Energy Projects in Australia
- South America's Floating Solar Farm Launched in Colombia
- bp Begins Construction on New Texas Solar Project
- New Solar Plant to Power adidas' European Operations
- 50Hertz, ENERTRAG Test Reactive Renewable Power for the Grid
- DTE Energy Utility Accelerating its Transition to Renewables
- Major Green Hydrogen Projects, 3Q23
- SGN Approved for 100% Hydrogen Pipeline Testing in Scotland
- Dubai-Based AMEA Plans to Build Green Hydrogen Plant in Kenya
- Smart Meter and Smart Grid Initiatives, 3Q23
- Jordan Electric Power Company Selects Itron for 1.5 Million Meter Rollout
- ESB Networks Implements 1.3 Million Smart Meters in Ireland
- PSE&G Hits Key 1 Million Smart Meters Milestone
- Vodafone, DCC to Upgrade the U.K.'s Smart Meter System
- Hong Kong's CLP Power Reaches 2 Million Smart Meters Milestone
- India Marks 3.6 million Smart Meters Milestone
- Indian GSEDPL to Install 7.6 million Prepaid Smart Meters
- CSPDCL Selects Tata Power for 1.86 million Smart Meters in India
- Honduras Issues Smart Grid Call as Part of Loss-Reduction Push
- Indian West Bengal Company Gets 200,000 Smart Meters
- Israel Electric Corporation Taps Landis+Gyr for Nationwide Smart Meter Rollout
- Finland's Elenia to Install Next-Generation Smart Meters
- Xcel Energy to Install 260,000 Smart Meters in Wisconsin in the U.S.
- Indonesian Sindcon to Retrofit 50,000 Smart Meters
- Moldova Launches Smart Meter Pilot
- Bangladesh to Install 1.2 Million Prepaid Gas Meters
- Spain's Canal de Isabel II Awards 315,000 Smart Water Meters Contract
- Latvia's AST to Invest $571.4 Million in Grid Modernization
- Serbia's Entire MV Electrical Distribution Network Will be Modernized
- Xcel Energy to Deploy Private LTE Network to Support Grid Modernization
- Swedish TSO Contracts Sweco for Grid Modernization
- Ohioan One Energy Begins Operation of Fully Digital Substation
- Endesa Launches Distribution Network Digital Twin Project
- Microgrid Initiatives and Agreements, 3Q23
- Australian Endeavour Energy Introduces First NSW Community Microgrid
- Ghana Opens Bidding for 35 Minigrid, Solar Net-Metering Projects
- Major Flexibility, EV, and Battery Energy Storage Projects, 3Q23
- Piclo to Deliver Italy's First Local Flexibility Market With E-Distribuzione
- Northern Powergrid Procures Flexibility Services From Piclo
- UK Power Networks, Octopus Energy in Program to "Turn Up" Demand
- BT Group to Launch Electric Vehicle Charging Pilots in the U.K.
- BMW, Ford, and Honda Agree to Create ChargeScape
- ENGIE Acquires Broad Reach Power in the U.S.
- EDF to Develop 114MW Battery Asset Near Norwich
- Carlton Power Secures Planning Consent for 2,080MWh BESS in U.K.
- Energy-Efficiency and Water Conservation Initiatives and Sustainability Projects (Including Smart Cities), 3Q23
- U.K. Invests $55.5 Million to Lower Business Energy Costs
- Kamstrup Partners With Emicool on Cooling Meter Innovation
- Smart Home App Gamifies Grid-Reactive Air Con for Consumers
- Major IT Ecosystem Agreements, IT Contract Wins, IT Product Announcements, 3Q23
- GE Vernova Acquires Greenbird to Accelerate GridOS Innovation
- GE Digital, EPEX SPOT Partner on Flexibility Markets for System Operators
- Bidgely Partners With GridX
- BKW Selects Hansen Technologies for SaaS Meter Data Management
- isMobile to Support Israel's Smart Meter Rollout
- Dorper Wind Farm Selects BaxEnergy to Monitor and Control its Wind Portfolio
- EDF Awards Eviden, Schneider Electric to Equip 6 Planned EPR2 Nuclear Power Plants
- Subeca Launches Water AMI Innovation With Amazon Sidewalk
- Utilities and GenAI, 3Q23
- Deloitte Launches Strategic Co-Innovation Initiative With Google Cloud
- Deloitte Expands Alliance With Nvidia to Unlock Value of GenAI
- Hitachi Energy, Google Cloud Partner on AI Data Analytics
- ABB to Co-Develop Edge Computing for Decentralized Networks
- Advice for Technology Suppliers and Services Providers
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- Related Research
- Synopsis
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