Innovation, Pilots and Rapid Implementation Strategies: A Case for Change

Driven by distributed energy resource (DER) carbon reduction goals, corporate ESG initiatives, and the rapid transformation of the electric industry, utilities are facing an explosion of new products and services. With so many options available, how can companies identify the right solution, ensure its effectiveness, and deliver it quickly?

Traditionally, utilities have followed a deliberate, methodical approach to adopting new technologies—conducting extensive evaluations before selecting a solution and implementing it through a long, sequential waterfall delivery process. While this method has been effective in a slower-moving industry, today’s fast-paced technological advancements demand a more agile, flexible, and innovative approach.

This session will explore:

• How utilities can reinvent their approach to delivering transformational initiatives while maintaining reliability.
• Balancing risk and speed—why utilities must shift their mindset to accept an appropriate level of risk, including the potential for failure, in order to accelerate progress.
• Effective risk management strategies that allow for faster innovation without compromising operational integrity.
• Success stories of companies that have piloted new technologies, assessed their viability rapidly, and successfully met business goals while improving customer satisfaction.

Attendees will gain valuable insights into how utilities are adapting to change, piloting new solutions, and leveraging innovation to stay ahead in an evolving energy landscape.