The Mobile for Development (M4D) Utilities Innovation Fund, supported by the UK Government and the Scaling Off-Grid Energy Grand Challenge for Development, aims to test and scale the use of mobile to improve or increase access to energy, water and sanitation services. Utilities face a tough challenge when it comes to infusing innovation into the way they work. ways Recommendation: Promote a culture that fosters human connections (e.g., with customers, between teams and business units, and among employees). 5. 2019 Leaders There is a common misconception that a focus on operational excellence and safety limits the ability to innovate. Get in touch to learn more. Utility Innovation Research. © 2020 EYGM Limited. From new technologies, regulatory changes, rising costs, and a growing call to decarbonize, disruption is forcing the utility industry to change.Emerging technologies have a critical role to play, and utilities need to embrace them and the As irreversible change takes place in the utility industry, companies are turning to digital technologies and a more innovative mindset. The cultural focus on safety has grown, while the focus on innovation has lessened. sustainability 87% say they feel empowered to take innovative ideas to superiors. Newspapers were still produced in a factories in the middle of the night, loaded onto trucks before the morning rush-hour, and then entrusted to 10-year-old boys for delivery. solutions Battered utilities take on start-ups in innovation race Start-ups Utilities As more and more countries around the globe embark on the transition to a low-carbon economy, a lot of lessons can be learned from the fate of Germany’s embattled power companies. CGI's Published Utility Innovation Framework and Launched Campaign. from Culture also is a main contributor to the success of change management initiatives and is the primary reason half of respondents (53%) consider these initiatives to be successful. Implementation barriers to new ideas are budget (62%), resources (59%), and lack of time (40%). The NRC regulates commercial nuclear power plants and industries that use nuclear materials through licensing, inspection and enforcement of its requirements. Industry The empirical study is carried out on a panel of 82 Spanish electricity, gas and water utilities over the period 2005-2012 (Technological Innovation Panel dataset (PITEC)). Recommendation: Continue to pursue an innovation conducive culture, able to adapt to changing customer preferences, business conditions, and regulatory demands. We combine the right skills and offerings into a unique formula to create a custom innovation solution for you by: We can help you embrace the innovation you need to reinvent, introduce new products and services to the market, and ultimately seize the opportunities presented by the new energy world. Stay up to date on the latest innovations, trends, and solutions by joining other utilities stakeholders to learn and share insights through blogs, discussions, and events – and find out how SAP can help your utilities business run better. Pro-market reforms have disrupted the playing field and strongly affected the innovative behavior of electricity, gas and water utilities. You must have JavaScript enabled to use this form. The Water Innovation Network for Sustainable Small Systems is led by the University of Massachusetts Amherst with six affiliated research organizations. To become a utility member of the Leading Utilities of the World, a utility needs to demonstrate outstanding innovation in at least three areas of utility management (referred to here as 'innovation areas') and have an ambition to continue to drive performance in the years to come. Innovation within the utility industry has been, by and large, slow and limited. as 30% of respondents say directors/managers make the decision to implement a new process or technology, indicating significant departmental decision-making (29% say CEOs, 10% COOs, 9% CTOs, and 3% Chief Innovation Officers). to However, this doesn’t mean an idea will result in a meaningful change. and EY helps clients to manage their transformation through a technology-led innovation approach: Innovation is not a “one size fits all” approach. November 3, 2020 Electric utilities were still boiling water to turn turbines, as they had for 100 years. Mobile for Development Utilities – Innovation Fund Our Grantees. 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