Even with the technology in place, customers in demand, and willingness of utilities to deliver, the construct for which to foster innovative approaches must be in place. With performance-based regulations entering center stage in a few states, regulatory policy is making a concerted effort to align with this prosumer-era approach.
Smoothing the path to fuller DER adoption makes for a smarter utility and a smarter overall community as well. It enables cities to reduce costs by extending the life of assets and helps them deliver on programs for greater efficiency and reduced emissions—an opportunity to establish the utility’s central point in the growing, interconnected, intelligent energy landscape.
Mike Ballard, Vice President of Industry Strategy for Oracle Utilities, has been with Oracle for five years, coming over from EDF Energy, which happens to be where he met his wife Sally. They live in Devon with their two children Christopher and Emily. Our favorite “fun fact” about Mike: He once tried to drive from the UK to Australia in his Land Rover but was turned back in Pakistan due to military coup.
SaaS allows that return to innovation and an increase in bandwidth to focus on the new and the now. You could even say SaaS can make the average utility into its own startup. Moving to a SaaS solution brings in a host of benefits which all work together, creating room for innovation.
“It took more than 45 years for the electric utility industry to reach 50 million customers,” said Bradley R. Williams, Vice-President, Industry Strategy, Oracle Utilities, in the session opening. “Twitter passed that in two years.” #TheGridGuy
I reached out to that principal project analyst at Navigant Research, Stuart Ravens with a few questions about his personal lessons from putting together our latest Utility Innovation Blueprint study.
A new study by Navigant Research (and commissioned by Oracle Utilities) examines this dual footprint of innovation—both the one we traditionally view as the loner trek (the one with the future-changing “a-ha” moments) and the one that runs quietly beside that a-ha path in parallel (the each-and-every-day dedicated focus-on-the-core proposition).