How we fund innovation
We are involved in innovation in various ways, either by leading projects, or by partnering on projects. Projects are funded through different sources. We have access to the Network Innovation Allowance (NIA) through the regulator Ofgem, which is worth up to £29m over eight years, and we can also benefit from specialist funding sources (e.g. Innovate UK) through partnering with universities or other industrial partners.
Here is a list of our innovation projects past and present. In addition, and where possible, we look to collaborate with other network companies, as we are faced with similar issues. You can find a list of all projects, including those we collaborate on, on the Smarter Networks portal.
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Northern Powergrid does not see innovation as limited to a department or as a sideline of our business; it is a capability and a culture. Our team creates a common vision across the business of the future network. The services we provide set our yearly priorities and helps develop innovation projects to something usable we can deploy.
If you’d like to share an idea that aligns with these priorities, or you have a question to ask, get in touch via [email protected].
If you are new to energy networks innovation and want more information, this industry guide may help.