Utilities have huge legacy investments. What will be useful to the future, emerging business model they will embrace, and what will have to be jettisoned? What new deployments will be needed?
From Germany to Chicago, Pittsburgh, Vermont and Utah, utilities are deploying and testing new services and plans to reach out and touch their customers in new ways.
In Chicago, that includes spending hundreds of millions of dollars to partner with customers to achieve even more efficiency. In Vermont, it means embracing Tesla’s vision for energy storage. Pittsburgh is pursuing microgrid offerings to its customers and exploring urban lighting innovation. In Utah, customers can buy renewable energy certificates.
RWE, Germany’s second largest utility, has weathered major business challenges as the country invested widely in renewables and retreated from nuclear power. It has launched a new enterprise, Innogy, to spearhead heavy investment in modern power grids. What else is the company now doing to become the utility of the future? What steps is it taking to secure the most innovative and potent technologies to help build a 21st century energy enterprise for 16 million electric customers? And what could America learn from these efforts?
President & CEO, ComEd
President and CEO, Rocky Mountain Power
President & CEO, Green Mountain Power
President & CEO, Duquesne Light Company
SVP, Innovation & Business Transformation, Innogy SE