The energy industry is currently one of the most dynamic sectors globally. Established utilities are rebuilding their businesses while start-ups are looking for partners to scale up their innovative ideas. It is essential for utilities to tap into innovation ecosystems, invest and find the missing link for their growth plans. Pöyry management consultants have therefore launched their Innovation Link platform, which according to the company, enables exactly that.
Technology developments and decentralised energy supply pose considerable challenges to the industry, while start-ups and new entrants from other sectors can offer opportunities or even substitute and disrupt the business of established energy companies.
“Utilities have two choices – either to connect with the disrupters of the energy business or be disrupted”, highlights Robert Schwarz, principal at Pöyry Management Consulting. It is essential for them to monitor the industry trends and ideas to stay ahead of the game.
In the past, utilities have been launching international incubators or using open innovation platforms to find new solutions. As more effective measures are now needed, they are sourcing disruptive ideas and solutions from the international and digital start-up community. However, finding the best ideas and business cases can be a time-consuming challenge.
With the Innovation Link offering, utilities or venture capital investors have easy access to a marketplace-evaluated energy ecosystem and approximately 500 energy related start-ups in more than 20 countries. The platform helps them to connect with start-ups, monitor innovation landscape and foster new energy related ideas.
Juliane Schulze, head of Vattenfall's open innovation platform green:field says that the platform "is an efficient way to identify fruitful ideas for green:field."
Pöyry Innovation Link offers:
- an exhaustive, up-to-date start-up profile database that aggregates public information and insights
- a focused and extremely efficient search engine to narrow down the dynamic start-up landscape and identify desirable partners that match strategic business goals
- innovation categories that simplify the process of discovering emerging trends in the industry
- search functionality by business stages, categories, markets and business challenges.