To meet requirements on sustainability in the society’s energy consumption power producers and consumers need smart grid technology to balance, plan and prioritize among the different items. Smart grid represents a host of specification, unproven products and concepts and a strong and dedicated innovation process lies ahead for utility companies in screening, testing, maturing, implementing and operating smart grids. This process is expected to follow the political targets for CO2 reduction stretching forward until 2050. As no proven concepts exists, and as the process is expected to progress many years ahead, smart grid represents an excellent case of continuous innovation. The current study use a series of loosely related technological studies of smart grid related technologies in SME electricity companies to highlight critical issues in this innovation process. Major findings are that the companies have limited innovation capabilities, they are presented with plenty of technological offerings that eventually have to be rejected, and they suffer from absence of clear objectives.
Proceedings of the 12. International Cinet Conference - Doing More With Less, 2011, p. 987-998
innovation capability; management of innovation; smart grid; electricity industry; Small and medium-sized enterprises