2 days of Eurelectric Power Summit 2018. It’s great to be invited and be on a panel of such an amazing event that unites all the biggest players on the field — generators, transmission and distribution system operators, and regulators.

The main summit takeaway is that the business is changing due to the changing world, forcing traditional utilities to adapt as fast as they can. Energy change is further influenced by the new renewable generation coming online, that is popping up on the grid. The challenges to connect more renewables are complex and do not have straight forward solutions. Digitalisation is a great topic to discuss and new processes are being implemented by well established companies. However, this mainly addresses effectiveness of internal processes, such as: better accounting or more effective resource management, which is great incremental effect for regulated company bottom line, but has very limited effect on solving challenges that unite us. We need to do much more than that! We need more open data available to even understand what are the challenges, and creatively think how they can be addressed. And it goes to all possible challenges such as more EV’s in the grid, more renewables, prosumer growth and even security.

But we have to remember to push forward the agenda of bringing more renewables to the grid at the same time. Decarbonisation being a major topic of the last couple of years requires much more work, and the financing of renewables has slowed down. It’s not even bringing us closer to the Paris’ agreed targets. Political process is slow and We, as a community and users of energy, need to do more to make the change ourselves with the right tools.

I am proud that we are working on the solution that plays well with the current market setup and has received a lot of positive feedback working both in the broader digitalisation sense and renewable financing. Happy to have been a part of Eurelectric agenda setting event!

Nick

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