Utilities Asset Operations Quarterly Update: January-March 2022

Utilities Asset Operations Quarterly Update: January-March 2022

  • April 2022 •
  • 25 pages •
  • Report ID: 5730892 •
  • Format: PDF
This IDC Market Perspective provides an overview of utilities' asset operations in 1Q22, covering M&As, agreements, reorganizations, and major business developments; new financial deals; major traditional infrastructure projects; major renewables infrastructure projects; major hybrid and battery energy storage projects; major green hydrogen projects; water new developments; smart meter and smart grid initiatives; microgrid initiatives and agreements; emobility developments; energy-efficiency initiatives; IT ecosystem agreements, IT contract wins and IT product announcement."While 2021 established a new, post-pandemic normal and many utility companies broke records in terms of renewable capacity installed and business performance, the Russian invasion of Ukraine at the beginning of 2022 is jeopardizing sustainability targets for 2050. Europe's need to prioritize the security of energy supply risks the EU bloc having to take a step back on its climate change agenda. Nonetheless, we expect utility companies to continue on their journeys prioritizing decarbonization, electrification, flexibility for resilience, and new business models," said Gaia Gallotti, associate research director, IDC Energy Insights.