Another theme that is big this year, is about the phenomenon that the utility industry is historically slow to adopt new technologies. That’s not an option anymore in 2016. Utilities are challenged by a changing landscape of doing business. In other markets disruptive companies like Google, AirBnB and Uber enter by effectively using new technologies to gain customers. Disruption happens because the technology maturity level of these companies is higher and they are capable of translating technology in effective business models.
Session Introduction - Investing in Technology or Innovation?
Emerging new technologies are disrupting the energy business. Harnessing the power of new technologies requires organisations to change as well. The myth that the utility industry is historically slow to adopt new technologies has to be busted. Disruption is real, but what strategies should utilities adopt to counter this disruption? Change you culture or invest in more technology? First half of this session is on Exponential Organizations, the second half is on Exponential Technologies.
Session Introduction - When Data Streams Become Revenue Streams
Data is the new gold, but where should we start digging? What business models are succesful in both the home IoT and industrial IoT space? What should the industry as a whole do? If new initiatives don’t work with industry standards, progress will probably be incremental. Without a market, no one wins.
The rise of the Virtual Power Plant: turning distributed generators, and industrial & commercial firms into market participants that provide cost-effective system balancing
How to use big data streams to create sub-second validation, driving revenue through speed of response for energy flexibility
Using Limejump’s Virtual Power Plant as a case study, a demonstration of which data streams can be used to drive the most value, and how algorithms can optimise asset stacks to drive revenue and maximise both price and system balancing.
Vice President, Global Strategy and Solutions, Energy and Utilities Industry
Let's Talk Energy Transition
Disruption in core infrastructure industries is prevalent and accelerating. The rise of viable substitutes to traditional electric supply, water stress pressuring the water-energy nexus, and natural gas increasingly being viewed as a bridge to greenhouse gas reduction are clear proof points that the energy transition globally is well underway.
IBM believes there are three industry imperatives, particularly in the electric business, that emerge from these disruptions: Embrace the role of Energy Integrator, engage customers as individuals and disruptively innovate business processes.
These imperatives drive to a new energy ecosystem and new business models that are emerging globally.
Turning around climate change is a high priority for consumers. But often they don't really know what they can do, or inertia keeps them from acting according to their good intentions. What does data have to offer to countering climate change, creating a more energy efficient future and at the same time lower the bills?
Session Introduction - When Technology Breaks the Rules
Technology is changing and regulation needs to change faster. Who owns the data? Some traditional utilities seem to believe the data of consumers is theirs. If you take the stance that consumers own their own data, their consent will influence market design. Are the regulators equipped to deal with the fast changing technology landscape?
Enabling Digital Energy Market when Supporting Consumer as Data Owner : A Key Role for DSO's, Different Ways to Fulfil it
When energy transition meets digital revolution, customer becomes “prosumer” and his empowerment is pivotal: DSOs have a key role to pl: Enabling digital energy market when supporting consumer as data owner : A key role for DSOs, different ways to fulfil it ay as digital market enabler, supporting both prosumers and market stakeholders
Smart metering roll out must enable “prosumer” to take full control of their energy consumption and generation, and must allow them as well to manage their datas and privacy in a proper way
How to enable market players and stakeholders to access to customers datas in an easy way, under full control of customer? A new key role for DSOs, and different ways opened to fulfil it.