Utilities Asset Operations Quarterly Update: October-December 2023

Executive Snapshot

• Figure: Executive Snapshot: Utilities Asset Operations Quarterly Update, October–December 2023

New Market Developments and Dynamics

• Situation Overview

• Clean Energy and Sustainability

• Hydrogen

• Energy Efficiency

• Business Environment

• Figure: Worldwide Real GDP Growth Forecasts by Region, 2023

• Demand and Prices

• Oil Prices

• Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, January–December 2023

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, January-December 2023

• Listed Utilities Performance

• Figure: Dow Jones Indexes, January-December 2023

• Utilities and GenAI

• M&As, Agreements, Reorganizations, and Major Business Developments

• U.K.'s Octopus Energy Launches Offshore Wind Fund with Tokyo Gas

• Galicia Launches Clean Power Utility

• Iberdrola's New York Utilities Win Approval for Reliable Energy Plan

• ENGIE Reach Deal on Extension of Tihange 3 And Doel 4 Nuclear Reactors

• New Financing Deals

• Greece's HEDNO to Deploy 3.1 Million Smart Meters

• EU to Boost Gabreta Smart Grids Project with $107.6M

• EBRD Lends $87.5 million to Delgaz Grid in Romania

• Major Renewables Infrastructure Projects

• South America's Floating Solar Farm Launched in Colombia

• Washington Utility PSE to Build 248MW Wind Farm in Montana

• Octopus Energy to Build Sierra Leone's First Wind Farm with Sherbro

• Ilmatar to Build 186MW Onshore Wind in Finland

• Suzlon Wins 100.8MW Wind Turbine Order in Gujarat in India

• Statkraft Starts Building 42.2MW Solar Farm in Southern Spain

• Neoen Starts Construction of Solar Farm in Australia

• Hitachi Energy Chosen for Brazil HVDC Transmission System

• Hitachi Energy's Technology Selected for Finland's Solar PV Power Plant

• Major Green Hydrogen Projects

• Canadian Firm to Build $2.9 billion Green Hydrogen Project in Quebec

• ACWA Power Signs Deal for $1bn Green Hydrogen Project in Indonesia

• Australia Funds New Hydrogen Hub Project at Port Bonython

• EDF Renewables U.K. and Hynamics Get Fund for Green Hydrogen Project

• Smart Meter and Smart Grid Initiatives

• Puerto Rico's 1.5 Million Smart Meter Replacement Gets Go Ahead

• Serbian DSO Selects Suppliers for 470,000 Smart Meters

• 373,000 Smart Meter Program Launched by Snohomish PUD in U.S.

• EMASESA to Deploy 77,300 Smart Water Meters in Seville

• New Jersey's TWW Launches Smart Water Meters Program

• Smart Water Metering Pilots in Western Australia

• German TSOs to Cooperate on 4 Grid Expansion Projects

• National Grid Refurbishes 170km of U.K. Transmission Network

• U.K. Power Networks Invest $7.6 Million in Substation Communications

• Enel Unveils Plan for Grid Investment

• Italgas and Tokyo Gas Agree to Develop Future Gas Distribution Networks

• Aspern Smart City Grid to Be Modeled with Digital Twin

• Microgrid Initiatives and Agreements

• Canadian Government Invests in First Nation Microgrid Project

• Cuyahoga County to Launch Nation's First Microgrid Utility

• Reon Energy to Build Microgrid for Arabian Yemen Cement

• Major Flexibility, EV, and Battery Energy Storage Projects

• Quebec City Chose Hitachi Energy for Centralized EV Bus Charging System

• Hitachi Energy to Deploy Ultrafast Charging E-Mobility Solution in Italy

• Türkiye Chooses Siemens for 200 EV Fast Chargers and Digital Services

• Ford Buys EV Energy Company AMP for Charging and Battery Management

• Spain's Naturgy to Study Reusing Old EV Batteries for Stationary BESS

• Kaluza and Ovo Energy Tap Volvo for Vehicle to Everything Tech

• SDG&E and Toyota to Collaborate on Vehicle to Grid Technology

• GreenV Makes Electric Vehicle Chargers Smart with IoT Technology

• Honeywell to Provide U.S. Virgin Islands Battery Energy Storage System

• Major IT Ecosystem, IT Contract, IT Product Announcements

• Cognizant Buying Thirdera in Move to Build ServiceNow Business

• Vector and AWS Extend Renewable Energy Data Platform Partnership

• Siemens Acquires BuntPlanet to Strengthen AI Portfolio in the Water Sector

• Siemens and ServiceNow Enable Cloud-Based Management of OT Assets

• Itron Joins the Green Button Alliance to Help Green Button Standard

• Goodwill Launches Major Green Jobs Program in Partnership with Accenture

• Subeca Launches Amazon Sidewalk-based Solution for Water Metering

• National Grid U.K. to Develop Digital Twin for Regional Energy Planning

• U.K. Power Networks' Smart Metering Data Moved to Azure Cloud Storage

• Varberg Energi Selects Hansen to Power Intraday Trading

• GE Vernova Awarded Service Agreement for New CCPP in Senegal

• Alectra to Deploy Itron's Distributed Intelligence Technology

• Italgas Monitors 8 Million Smart Meters with New Assurance Solution

• OpenADR 3.0 Launched for Distributed Energy Resource Management

• Utilities and GenAI

• E.ON Launches GenAI 'Assistant'

• Microsoft Launches Security Copilot Early Access Program

• Microsoft Launches Two New Copilots for Service and Sales

• IBM Continues AI Push with $500M Enterprise AI Venture Fund

• Accenture Collaborates with SAP to Help Organizations Adopt GenAI

• Deloitte, ServiceNow Extend Partnership with GenAI Integration

• CGI and Google to Drive Innovation in the Responsible Use of GenAI

• Siemens and Microsoft Partner to Drive Cross-Industry AI Adoption

• Schneider Electric Drives GenAI by Integrating Microsoft Azure OpenAI

• C3 AI Expands Strategic Collaboration Agreement with AWS

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• Synopsis