Can utilities keep up with Big Tech innovation?

Utilities are known for spending, but not always where it counts. In fact, hyperscalers in Big Tech outspend utilities by 10x when it comes to critical R&D. So as we move into the data center-dominated future, how will utilities learn to spend on innovation and navigate challenges from scope to timeline to transparency? Our mission on today’s episode is to figure that out. We’re bringing in three venerated experts from across the industry: Erik Helland, Commissioner at the Iowa Utility Commission; Jason Wild, CEO of Wild Innovation & Strategy Excellence; and Mike Smith, Principal, KLN Group. Together, these three paint an optimistic (and realistic) picture of where utilities can bend to avoid breaking as the battle for ownership of this AI-driven future heats up. A handful of key ideas from this conversation loaded with real-world utility examples? “If you’re not failing, you’re not trying hard enough,” Erik says. Jason explains the role of human behavior in tech adaptation. Mike walks through the juxtaposition of utilities’ intense focus on operational excellence and their need to innovate—which can sometimes get messy. By the end of this episode, you’ll walk away with a deeper understanding of the utility innovation bias, plus key learnings about the roles all of us can play, from regulators to utility leaders to ratepayers. Innovation doesn’t have to be a scary word. We’re giving it a new definition today on Piloting the Future.

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