Utilities are getting nimble with analytics start-up investments and partnerships
Demanding times call for innovation and utilities have responded by getting involved. Traditionally risk averse, utilities now recognize that they can learn from companies that are born of a culture of fail fast, learn and move on.
Active organizations are participating on Advanced Research Projects Energy (ARPA-E) advisory boards, initiating corporate venture funds, partnering with universities and expanding their pool of suppliers to include young start-up companies.
Analytics start-ups are an important part of the mix because they can offer quick support in rapidly evolving areas, including the integration of distributed energy resources (DER). For more information see – Utilities are getting nimble with analytics start-up investments and partnerships