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Joulez - Issue #1: GE Layoffs, The Grid & Disruption Insurance

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Joulez

December 13 · Issue #1 · View online

Joulez is a curation of articles, tech, books, and company microanalysis to make you smarter about innovation in (and around) the utility industry.


Joulez will equip you with the articles, books, tools, and mindset to weather the disruption happening in the utility industry. 

Anyone watching the industry knew to expect the 12,000 employee layoffs that GE announced this past week. What most industry folk I’ve spoken to did not expect, even as GE signed the Virtual Power Plant agreement with NYPA in October, was how quickly GE made the move. 
How does someone who’s worked in the traditional utility industry do when, as Gil Quinones President of NYPA says, the industry has to “become…a digital utility, creating a real-time digital replica of our assets and automating many back-office processes,”? It’s time to buy disruption insurance by
1. Reorienting around the new consumer and landscape, as brilliantly laid out by Gretchen Bakke in ‘The Grid’ (one of Bill Gates’ favorite books of 2016).
2. Understand that your expertise is going to be highly valued by the tech-first companies that are knocking at the gates with their customer friendly IoT products. And, most importantly,
3. recognize that the markets these upstarts are creating, in digital form, will reduce the size of the overall pie. It’s what digitalization does.
4. It’s companies like EV Box (Utility Radar image below) and their innovative model towards charging infrastructure deployment. Will this be ‘rate baseable’? We’ll find out soon.
So which company will be next to implement layoffs? We don’t know. What we do know is that it’s time for industry experts to start thinking about how to play a role in the different looking industry.
Best
This week’s Joulez was sponsored by Powerbot (context-aware AI Chatbot for utility customer support). Contact Seyi@Powerbot.co to schedule a demo.
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