ENERGY
real challenge is business model innovation around the technology so as to unlock its full potential and value . “ We are trying to unite our collective strengths and our people and our markets in a transition that allows us to continue to bring products to the customer that they actually value .” The old models are being disrupted not by being directly challenged ( they still have their place in the mix ) so much as by a process of ‘ regulatory arbitrage ’ which involves reform processes from the bottom up . “ MicroGrids are a case in point ,” he says . “ They are an important part of the energy system but not fully connected : the existing system can ’ t fully cater to them because there ’ s no mechanism for the regulator to interact with them for the entire value they offer . Hence the need and desire to look at transactive and dynamic energy components .” He points to the UK , where optimising renewable energy or bringing in products to the market that are clearly beneficial , perhaps because of customer uptake , results in innovations which are rewarded more favorably by the regulators .
We can do no more here than point out a few of the ways that Ergon
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