Sustainability for a new energy

Published on Wednesday, 17 May 2017

“The point is not where you have been, but where you are going. The greatest difficulty is to leave the past behind”

– Francesco Starace, Enel CEO

Bringing energy, capturing innovation

To bring sustainable and affordable energy to over a billion people who do not yet have access and to make its use more efficient in urban areas and in industrial production, it is necessary to develop innovative technologies that allow an ever-greater penetration of the renewable energy sources into energy systems.

“Sustainability must drive innovation. There is no alternative. In a utility, innovation without sustainability is worth nothing”

– Francesco Starace, Enel CEO

The challenge of decarbonisation is also the challenge of climate change. As our CEO recalled, Enel is committed to gradually phasing out further investment in coal, boosting renewables, energy efficiency, smart grids, e-mobility and storage systems.

“E-mobility forms a major part of the solution for the transition to renewable energy since they can provide a smart solution to store renewable electricity into the car’s battery when it is available and then retrieving it when production is lower”

– Francesco Starace, Enel CEO

Research and development of innovative technologies are crucial to achieve the objective of decarbonisation. Hence the need to seek innovative solutions by opening up to the outside.

One example pointing in this direction is the Vehicle To Grid (V2G) system which allows the use of electric cars as storage systems to support the grid. In this perspective, Enel has launched the first Vehicle-to-Grid commercial hub in Denmark. It allows electric cars to become real “batteries on wheels.”

“Ideas can come from anywhere. Open Innovation is our way of doing business”

– Francesco Starace, Enel CEO

Starace stressed that, to innovate in a sustainable way, creating a virtuous value circuit for the company and the ecosystem of innovative small enterprises, it is necessary to put oneself to the test, accept the risk of making mistakes and watch carefully beyond one's fence. It is the concept of creating shared value applied to innovation which becomes Open Innovation.