The global power industry experienced a 53% drop in company filings mentions of smart grid in Q2 2023 compared with the previous quarter, with the highest share accounted for by Adani Transmission with 289% year-on-year increase, according to GlobalData’s analysis of over 121 power company filings. GlobalData’s Power Industry Top 20 Themes Predictions for 2023 – Thematic Intelligence report identifies key themes such as AI, big data, and smart grid that will impact the power sector, it includes a series of predictions and the winners and losers in each of them. Buy the report here.
Notably, smart grid was one of the most frequently referenced themes in Q2 2023, ranking highest in terms of mentions, ahead of cryptocurrencies and artificial intelligence, according to GlobalData.
Of the top leading companies in the power industry, Adani Transmission had the greatest increase in references for smart grid in Q2 2023, compared with the previous quarter. GlobalData identified 35 smart grid-related sentences in the company's filings - 0.6% of all sentences - and an increase of 289% in Q2 2023 compared with Q2 2022. Tenaga Nasional’s mentions of smart grid dropped by 9% to 21 and Avangrid’s by 32% to 13 and Xcel Energy’s by 7% to 13 and National Grid’s by 27% to 11.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for smart grid in Q2 2023 was 114.
For further understanding of GlobalData's Power Industry Top 20 Themes Predictions for 2023 – Thematic Intelligence buy the report here.