Utilities Asset Operations Quarterly Update: July-September 2024

Executive Snapshot

• Figure: Executive Snapshot: Utilities Asset Operations Quarterly Update, July–September 2024

New Market Developments and Dynamics

• Situation Overview

• Renewables

• Hydrogen

• Business Environment, 3Q24

• Figure: Worldwide Real GDP Growth Forecasts by Region, 2024

• Demand and Prices

• Oil Prices

• Figure: Brent Oil Price and WTI Crude Oil Price Trends 12-Month Hindsight, October 2023–September 2024

• Indicators of Renewable Performances on Financial Markets

• Figure: NASDAQ Clean Edge Green Energy Total Return, October 2023–September 2024

• Listed Utilities Performance

• Figure: Dow Jones Indexes, October 2023–September 2024

• 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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• Synopsis