Page 19 - WWU Innovation Report 2019-2020
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Our ambition – £18m efficiency benefits
We’re dreaming big. In our next price control period, up to 2026, we want to continue investing in innovation and to make sure customers get the best value for money, equivalent to a saving of £18m over the five-year period.
Since 2013, our partners will have helped us deliver £12.8m in project benefit. We want to work with you to continue delivering real benefits for our customers and aim to increase our reach to work with more than 500 external organisations over the next six years.
We are committed to delivering long-term benefits through our future of energy projects and want to be net zero ready by 2035.
Our process – tried and tested, simple and effective
We’ve built a strong but simple innovation operating model – our ‘innovation process toolkit’ – that uses a range of tools and techniques to produce clear project strategies and plans, engages stakeholders in our vision, encourages project success and supports roll-out of equipment, products, research findings and procedures.
This year, this process has seen us invest in 30 projects and fully embed 100 innovations into the business. Our project partners have been there every step of the way, from ideation to business-as-usual, and have helped us share learning broadly.
We will keep you engaged and provide you access to the wealth of knowledge in our business, assuring pace and maximum potential success on roll-out.
Open innovation – learning and sharing
We are at the forefront of sharing our learning with other companies and interested bodies through network forums and dissemination events. In 2019/20, we attended more than 200 engagements at 36 locations – reaching more than 8,000 people in the process.
Collaboration doesn’t just mean working on projects with our network partners. It means actively sharing learning from our projects and adopting best practice. We have formed and strengthened relationships through active participation at collaborative forums such as the Gas Innovation Governance Group (GIGG), where we have shared £100k worth of project benefit.
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