Innovation Funding

A well formulated innovation programme will produce a stream of reliable technological advances providing advantages for both the business and its customers. It is important that there is a balanced portfolio of projects producing short, medium and long-term benefits.

Such benefits include (but are not limited to):

• Sustainable savings in operational cost 
• Network quality performance improvements. Reductions in: customer minutes lost (availability), customer interruptions (security) and distribution losses.
• Targeting capital expenditure to optimum locations

PPA energy can assist network operators in the production of detailed plans....

• Programme management  from problem, through concept, to solution
• Costs and resource requirements
• An assessment of the scale, nature and timing of the value and other benefits
• The integration of project plans into an overall programme suitable for regulatory funding (where available)
• Exploration of potential opportunities for collaboration and external funding
• Consultation with operational management 
• Deployment, review and reporting

PPA energy can assist international regulators in formulating effective incentive schemes to promote innovation.....

The UK electricity regulator Ofgem introduced the Innovation Funding Incentive (IFI) and Registered Power Zone (RPZ) incentive mechanisms in 2005. The primary aim of these two new incentives is to encourage and provide funding for Distribution Network Operators (DNOs) to apply innovation in the way they pursue the technical development of their networks in order to deliver value (i.e. financial, supply quality, environmental, safety) to end consumers.

There are a large number of projects now under way, but there still major opportunities that have yet to be explored.

Interested parties are invited to contact us immediately for further details of the analysis and the opportunities. 

Our Advantage

• Access to a large range of potential major collaborative partners
• Rapid identification and selection of the most suitable potential partners
• Assurance of partners with complimentary ideas and objectives
• Lower risk though external expert knowledge and challenge/review processes
• Increased innovation investment ratio potential –Leveraging available funding

Expert engagement with the Funding Agencies

• Establishing clear alignment between the strategic objectives of the project and the agency
• Support through project inception, proposal submission, due diligence and negotiation
• Leveraging available funding –optimising potential cash & tax advantages

Focused Programme and Project Development & Management

• Focused innovation teams
• Secondment, development and change management opportunities
• Excellent fit with Customer’s shorter term operational management focus
• Customer requires minimal resource to effectively interface with Cre8

Delivering real benefits - financial, service, process and reputational – with a balanced portfolio of shorter and longer term innovation projects from a team with a track record of success.

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