This is a great piece on innovation, and how hard that can be for large organisations and utilities. We have seen recently large utility and energy companies acquiring or collaborating with or investing in smaller start ups. All of which is good, but the article also talks about the importance of engaging and attracting the brightest minds into the industry. This is the part we play, finding the very best talent, to enable our clients to truly innovate and grow.
Encouraging the industry to innovate is like teaching an elephant to dance. It’s hard to move a body that big in an agile fashion. The same applies for large energy corporations. Regulation, legacy systems and established processes that have proven effective over years – decades – of operation make it difficult to be fleet of foot. But by collaborating with smaller, more nimble companies larger companies can begin to support innovation. While the start-ups can benefit from decades of hard-earned expertise, costly equipment and financial investment. Another way to increase the adoption of innovative business models is to continue attracting bright minds to the potential opportunities offered by the energy industry, and more specifically by energy storage. For the opportunities to become apparent the right support has to exist and the industry needs to come together to celebrate successful breakthroughs