How can companies develop capability edge in smart grids with EarlyBirds?

Highlights

• Smart grids can help in delivering equitable distribution of power, curbing wastage and possibly reducing blackouts.
• The EarlyBirds open innovation ecosystem can help make smart grids more robust to failure and enhance their efficiency in transmitting electricity.
• The specialised industry-based Innovation Maps developed by EarlyBirds can help companies identify innovators to deal with challenges.

To achieve the goal of net zero emissions by 2050, not only is a shift to greener or less polluting modes of energy production imperative, but it is also important that inefficiencies in public and private electricity transmission and distribution (T&D) be weeded out.  

According to the Energy Information Administration (EIA), around 5%–7% of primary energy in the United States is lost due to inefficient transmission and distribution. Organisations such as the International Atomic Agency and World Bank estimate around 5% T&D losses globally, with the shares of lower-income countries generally being greater than those of high-income countries.

Smart grids and how they can help

EarlyBirds, an Australian innovation company, believes that this lost energy can be reclaimed by using smart grids – grids made up of a network of digital monitoring technologies and control systems capable of changing the grids’ parameters to efficiently meet the energy needs of their users.

Various components of the grids send data or electricity, or both, back to the network, which is further analysed to arrive at decisions to reroute power, either using predefined rules or artificial intelligence.

This results in equitable distribution of power in the grid, minimising wastage and virtually reducing occasional blackouts.

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Moreover, the residents drawing power from a smart grid can also choose to invest in electricity generation equipment. Through this, the residents can give energy back to the grid and decrease their domestic energy bills.

EarlyBirds is helping make smart grids across the globe more robust to failure and enhance their efficiency at transmitting electricity through its open innovation ecosystem.

The EarlyBirds open innovation ecosystem

The EarlyBirds platform, along with its services, is developed to deal with the most complicated technological, administrative, and business challenges, like building a smart grid.

The platform includes innovators who are engaged in breakthrough endeavours. These innovations range from creating new business models for energy companies to exploring circular solutions for a more efficient and sustainable grid.

Usually, the requirements of a smart grid vary greatly according to country, region, and locality. In this ecosystem, EarlyBirds can act as the link that can offer custom solutions for all interested parties.

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The EarlyBirds open innovation ecosystem offers solutions for a wide range of use cases and can provide business leaders with a strategic capability edge for planning and implementation.

EarlyBirds offerings for businesses

Besides this, EarlyBirds has also developed specialised industry-based Innovation Maps that companies can utilise to identify possible innovators to deal with challenges that are specific to their businesses.

The Explorer program of EarlyBirds has been developed for businesses that require innovation as a service to complement present innovation programs or to execute innovation projects as required. On the other hand, the Challenger program of EarlyBirds can help businesses solve one business or technical challenge at a time while searching for related innovators who meet the risk requirements.