Cadent Annual Innovation Summary 2023-24

26

27

PROJECTS WHICH ALIGN WITH OUR STRATEGY

Innovation Strategy We work hard to deploy innovations across our footprint; firstly, ensuring we support the UK’s energy transition, secondly supporting our customers in vulnerable situations and thirdly, our localised operating model continues to enable innovations into our networks to further improve our operational efficiency.

For RIIO-2, we have a number of completed and in progress projects with a potential spend of circa £22m

Our Performance

The new reporting framework has been introduced in to our RIIO-2 governance arrangements. Continuing to improve the quality and relevance of our data is an ongoing commitment to us. Innovation Management Framework (IMF)

35 exciting projects which help drive the business forward, of these - 3 x demonstration 7 x development 24 x research 1 x development ready solution

Of these projects 29 align to the Network Innovation Allowance (NIA) 6 align to the Strategic Innovation Fund (SIF)

We have collaborated with many suppliers

Guidehouse Limited Element Energy Savanta Progressive Energy Limited

OGP Haydale Limited EIC Dave Lander Frontier Economics Limited White Space Energy

WSP Kiwa DNV

38 will be progressed (55%) 69 IDEAS

received in to the business of these

Powered by