We’ve been talking about a lot of powerful new innovation possibilities during European Utility Week, but perhaps the most interesting is blockchain—a concept with lots of opportunities and excitement but few practical projects currently available to keep an eye on. 3EUW18 #EUW19
The future scenario of the grid includes that increasingly digital customer but also decentralized generation, a digital city and a digital worker, too—basically the electrification and connection of just about everything. #EUW18 #EUW19
Here are the best lessons from Oracle OpenWorld’s first day, from our own forward-thinking Oracle Utilities insiders (shout outs to Rodger Smith, Dan Byrnes and Mike Ballard) all the way up to our own Oracle founder Larry Ellison as he gave the conference keynote today: innovation and disruption solved.
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.