The global power industry experienced a 70% drop in company filings mentions of digitalization in Q2 2024 compared with the previous quarter, with the highest share accounted for by Enel with 46% year-on-year decrease, according to GlobalData’s analysis of over 146 power company filings. GlobalData’s Power: Filings Trends & Signals Q2 2024 report delves into earnings call transcripts and quarterly reports within the power industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, digitalization was one of the most frequently referenced themes in Q2 2024, ranking highest in terms of mentions, ahead of blockchain and governance, according to GlobalData.
Of the top leading companies in the power industry, Enel had the greatest increase in references for digitalization in Q2 2024, compared with the previous quarter. GlobalData identified 157 digitalization-related sentences in the company's filings - 2% of all sentences - and a decrease of 46% in Q2 2024 compared with Q2 2023. Adani Power’s mentions of digitalization rose by 91% to 42 and Schneider Electric’s by 76% to 32 and Tenaga Nasional’s by 71% to 32 and JSW Energy’s by 117% to 26.
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 digitalization in Q2 2024 was 95.
For further understanding of GlobalData's Power: Filings Trends & Signals Q2 2024, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
