How Future Grid is Helping to Create a More Sustainable Reality
Key takeaways from our latest conversation with Future Grid, featured on our energenius podcast mini-series!
We sat down (on Zoom) with Future Grid’s Co-Founder & CEO, Chris Law! Future Grid enables the renewable grid of the future to deliver safe and reliable electricity. In this episode of energenius, Chris shares about the direct impact Future Grid makes on customer safety as well as its bigger-picture impact on a sustainable future, talks about how Future Grid enriches SAP data to help utilities customers turn smart meter data into improved asset management and grid reliability, and discussed Future Grid’s evolution from a small consulting business to a leading software company.
Here are some of our episode highlights with Future Grid’s Co-Founder & CEO, Chris Law!
“One client had incidents on their network where customers were shocked and injured by faults with electricity in their homes. They worked with Future Grid to improve reliability and safety for customers, proactively detecting these incidents using smart meter data, often before the customer was aware that the issue was happening.”
Standing Out from the Competition
“We realized that there is a lot of talk about the customer generating their own electricity, but there was little acknowledgement or understanding of the adverse impact it was having on the energy ecosystem, particularly in terms of polls and wires. Future Grid uses data so that utilities can install more renewable energy into the grid and manage these new technologies and ecosystem players in a sustainable way.”
Working With SAP
“What SAP does for our customers is help specifically with asset management and ERP. Future Grid is using a new kind of data to enrich that, so utilities can better manage the renewable transition and its safety. The outputs of what we produce go into SAP systems, so we can leverage solutions to create better outcomes for customers on a global scale.”
*Future Grid’s solution is now available on SAP Store!*
On Becoming an energenius
“You have to be a bit crazy. We are in a very big, regulated, and slow-to-move market. You have to have a strong vision for where the market is going, and you have to have a plan that’s going to sustain you for when the market is ready. The trick in energy, since the cycle is so long, is that you need to have an idea that you can sell now, even if that’s not your end-game, in order to make money and sustain you, and then plan for the market to be ready for your product.”
Click here to listen Future Grid’s energenius episode on Apple, Google, Spotify & Anchor.
Learn more about Future Grid’s solution here.
Read more about SAP.iO Foundry Tel Aviv’s utilities cohort here!
Visit our website for updates, connect with us on social media (LinkedIn and Twitter) and subscribe to email updates from SAP.iO Fund and Foundries