Electricity Network Innovation Strategy 2020
We also work together with the rest of the network licensees and we’ve jointly put together our thoughts in the latest Electricity Network Innovation Strategy 2020 which you can download below.
The Strategy has been designed to identify the most important challenges and opportunities facing Great Britain’s energy networks in supporting the delivery of the UK’s Net Zero carbon emissions targets, and delivering essential services to customers across the country. The Electricity Transmission Innovation Strategy is aligned to this.
You can also visit the Energy Networks Association (ENA) strategy pages for more information.
Download strategy Visit ENA strategy pages
Why innovation is so important
Decarbonisation, decentralisation and digitalisation are transforming our energy landscape. Against this backdrop of unprecedented change in our industry, innovation has never been so important.
Innovating new technologies, processes and solutions for our transmission network are crucial to meeting the future needs of our stakeholders and making possible the energy systems of tomorrow.
Industry leaders in innovation
Through our passion for innovation and determination to deliver for our stakeholders, National Grid Electricity Transmission is leading the way in fostering new technologies and applying them to the network.
We’re driving open innovation across the industry, by developing initiatives that create the right environment to foster that innovation. An environment that encourages curiosity, is open-minded, unafraid of failure, and agile enough to match the pace of our changing energy landscape.
Working together to deliver the future
Our work is driven by stakeholder feedback, future technological developments and business objectives. We’re constantly seeking new people and organisations who are willing to learn about our industry and help us develop our network for the future.
Our innovation focuses on four main areas of our business:
- managing assets: developing ways to manage new and ageing assets more effectively to extend their operational lives
- service delivery: developing stakeholder and customer focused capabilities through exploiting existing assets and developing new service-based business propositions
- efficient build: developing techniques, ways of working or procurement strategies to build new assets faster and at lower capital and whole life costs
- corporate responsibility: doing the right thing, including social responsibility, safety and sustainability, in all new developments.
Innovation funding mechanisms
As part of the RIIO-T1 price control, there are two funding mechanisms that facilitate innovation across the electricity industry: the Network Innovation Allowance (NIA) and the Network Innovation Competition (NIC).