Strategy & Planning

Embedding Innovation

Innovation Integrates into the Business

With experience, utilities are now taking the next step: pushing innovation into the business.

Executive Survey: COO Bob Frenzel

Xcel Energy

“Fulfilling our 2050 carbon-free aspirations will require technologies not yet commercially available at the cost and scale needed. Promising possibilities include power to gas, hydrogen, seasonal storage, advanced nuclear or small modular reactors, deep rock geothermal, and carbon capture and storage.”

Executive Survey: CEO Mark Lantrip

Southern Company Services

“Our strategy includes continued investment in grid modernization including smart grid technology and cybersecurity. Modernizing the electricity grid and finding new technologies for a resilient and reliable grid in a net-zero future are a focus of our R&D.”

Executive Survey: CEO Gil Quiniones

New York Power Authority

“We expect the energy industry transition over the next ten years will be unlike anything comparable since the inception of the electric grid. This new environment will not be easy for our customers – they will be presented with more options for energy products and services.”

Executive Survey: CEO Eric Silagy

Florida Power and Light

“FPL and NextEra Energy have had a pandemic plan in place for many years, which gave us a nice baseline to approach the numerous challenges of operating as an essential service during this global pandemic, while never sacrificing on the safety front.”

Executive Survey: CEO Calvin Butler

Exelon Utilities

“Our smart grid investments in recent years are providing excellent benefits now. When customers have problems, we can ping the meter to help us troubleshoot rather than dispatch an employee to the customer’s residence.”