Posted on: 13/12/2016
Energy regulator Ofgem has launched its “Innovation Link”, a service to help businesses that want to develop innovative products and services in the energy sector.
The watchdog said its service will “provide fast, frank feedback to innovators and help them navigate the regulatory framework”.
Ofgem expects the number of players entering the energy market to “increase dramatically” thanks to new technologies.
The Innovation Link is due to launch a regulatory “sandbox” in the spring, which will allow innovators to test their ideas in a “controlled regulatory environment”.
Welcomed by industry
Richard Stobart, a director at electric car charging station developer Char.gy,said: “This service will make a real difference to those who are enthusiastic about bringing new ideas to the energy landscape but need a bit of support in navigating the regulatory framework.”
Mark Thompson, Energy Systems Lead at Innovate UK, formerly the Technology Strategy Board, added: “The innovation space in the energy sector is in a unique and exciting time with creativity in such business models and customer engagement being as important, if not more important than ‘technology’.
“The link will add real value to innovators navigating the terrain, and Innovate UK looks forward to working closely with it in the years ahead.”
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