- Cadent amongst UK energy networks signing up for Net Zero innovation charter
- Charter aims to strengthen engagement between global innovators and UK energy networks
- Charter result of research conducted through the EIC (formerly Energy Innovation Centre)
Cadent is among the UK energy networks signing up for a pioneering Industry & Innovator Charter.
The Charter is the result of research conducted by the UK energy networks, through the the EIC (formerly the Energy Innovation Centre).The Charter aims to significantly strengthen engagement between the global innovation community and the UK energy networks.
Given the energy networks’ response to the Net Zero targets and the UK’s Green Recovery, the Charter will ensure that more innovation becomes business as usual faster and more cost effectively.
The research, published as the Innovator Insight Report, was commissioned by the EIC on behalf of the energy networks, revealed that following successful innovation Research and Development projects, over a third of SMEs (small and medium sized enterprises) experienced challenges at procurement, delaying implementation into operations.
In addition, a further 41% said that navigating the often-complicated procurement process of energy networks was prohibitive.
As a result, the energy networks, in collaboration with the EIC, have acted on the recommendations outlined in the report. The Innovator and Industry Charter’s action plan gives a voice to innovators which will directly impact on how network partners do business – resulting in a more effective innovation pipeline.
Denise Massey, managing director at the EIC comments, “Given the climate emergency and the continued pressing need for change and increased pace, the Innovator and Industry Charter is a clear signal from the Industry of its willingness to challenge itself to ultimately improve access and engagement with SME innovators.”
The Charter has initially set out three key actions:
- A single innovator engagement platform: The innovator engagement platform is an industry-wide calendar that will serve as a one-stop-shop for innovators to identify opportunities, events, and key industry deadlines all in one place, and from a number of key stakeholders like the EIC, ENA, the energy networks and Ofgem.
- Best practice guidelines: The energy networks, through the EIC, will produce a unified set of guidance for innovators to understand the innovation project lifespan through to deploying solutions into the networks as business as usual, including addressing the challenge of procurement.
- Collaborative Third-Party Engagement: The partnership is working to simplify the stakeholder engagement process to deliver more collaborative and effective insights.
Kate Grant, Cadent Director of Operational Performance, said: “The Charter demands our commitment to innovators that we want to work transparently and at pace to initiate new projects. We aim to be open about our needs and challenges and honest about our innovation processes and timelines.”
Join the EIC and experts from, Cadent, UK Power Networks, Wales & West Utilities and Scottish & Southern Electricity Networks in the first of a new webinar series – Virtual Meet the Networks: Understanding the UK Energy Networks’ Innovation Pipeline to find out more about the UK energy networks’ innovation plans. Book your place.
UK Energy Networks involved in the Charter:
• Cadent Gas
• UK Power Networks
• Scottish & Southern Electricity Networks
• Wales & West Utilities
• National Grid Electricity Transmission
• SP Energy Networks
• Northern Gas Networks
• Northern Power Grid
View the Industry & Innovator Charter.
ENDS