Utilities Asset Operations Quarterly Update: July-September 2024

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

Ørsted 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

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