Enels Innovability Global Open Innovation And Sustainability Case Solution

This helped them expedite the process of innovation through specific strengths of these locations - Tel Aviv, for example, was innovation-driven. San Francisco and Boston on the other hand enabled them to get their hands-on digital technology. Whereas Madrid’s strength lied in offering solutions against energy efficiency, smart cities & renewable energy. 

2. Why is there a need for open innovation in the energy sector?

As Francesco quoted that with a bombardment of technology & evolving business models, the entire value chain is changing drastically and these changes are blurring the boundaries between the energy sector and other industrial sectors such as Transport, Telecommunications & Chemicals. Secondarily, amidst growing competition and sustainability goals partly defined by the UN framework for climate change & its incentives. The culture of open innovation has become a key element for survival. For example, innovation in renewable energy sources enabled the sector to successfully decrease PV module prices by 85% & 49% respectively for wind turbines.