The energy sector is no longer the same small group of players it once was and we want to encourage fresh thinking and creativity from a much wider range of people. It’s a great time for this because new markets, emerging technologies and climate change have brought energy innovation into the spotlight. We’re seeing cutting-edge researchers, start-ups and key innovators from other industries trying to solve challenges in the energy sector.
To facilitate and capture all the brilliant ideas we know are out there, we are holding an Open Innovation Event. We are inviting people to submit their ideas, the best of which will be taken forward to an Open Innovation Event on the 26 and 27 November where concepts will be developed into project proposals and pitched for funding, Dragons’ Den style.
Last year we saw 120 ideas come through, 8 of which were taken forward and 5 that eventually received £1.9m in funding. These projects included:
- RecorDER – building a whole-electricity system register for flexibility and generation assets on a blockchain platform, with partners Electron, UKPN and SPEN.
- Residential Response – testing innovative new ways for residential flexibility assets to enter ESO balancing services markets, with Kaluza, Moixa, Lightsource, Upside Energy and Element Energy.
- Enhancing flexibility from wastewater – testing whether DSR through controlling a whole water system is more cost-effective than focusing on a single asset or process, with United Utilities and Open Energi.
- Short-term Inertia Forecast – testing machine learning methods for accurately forecasting inertia on the system, with Imperial College London.
Interested parties now have until 1 November to submit their ideas. Applications must focus on one of these priority areas from our Innovation Strategy:
- Digital Transformation: Harnessing the power of Big Data through new systems, capabilities and processes. Understanding and testing new technologies such as artificial intelligence, machine learning, cloud computing and blockchain, to extract additional insights and share these in a transparent way.
- System Stability: Exploring new ways to enhance system stability, as well as supporting the safe and efficient operation of the system in times of lower stability.
- Whole electricity system: Exploring innovative ways of designing and operating transmission and distribution networks. Designing new approaches with our customers and stakeholders to ensure the delivery of services and the operation of networks are done efficiently and effectively as well as to further promote competition in our markets
For more information about our Open Innovation Event, and to apply, visit the Innovate with Us webpage.