Lux for Innovation Leaders: Utilities

Our research on electrification and renewable energy spans transmission, distribution, automotive, manufacturing, and consumer products industries, enabling innovation leaders to have a broad purview of these trends. Our forecasts are unparalleled in understanding the demand, sources, and distribution of power. Lux assessments of how new electrified products and markets will evolve are fact-based and accurate.

Client Priorities

We are precision focused on solving for your most critical innovation initiatives.

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How We Help Clients

Lux is uniquely positioned to provide electric utility leaders answers to their questions about sustainability and business: What emerging technologies are poised to make a leap forward? Which innovators are worth investing in? What changes do we need to make to our product roadmap to successfully go to market or comply with upcoming policies?

Lux leverages AI to turn weak signals in innovation and consumer behavior into insights, and Lux experts combine primary research and AI-enriched data extraction with unique proprietary models to assess technologies and innovators. This robust combination results in our singular voice of realism in the market that our clients trust.

Client Outcomes

We fuel innovation leaders’ tech scouting and improve the performance of their innovation discovery process.

We help clients meet net-zero and sustainability goals desired by innovative business leaders and understand the decarbonization of other industries.

We identify new business models, product opportunities, and potential partners for growth.

We help mitigate the risks of going out of business from changes in the technology or policy landscape, as well as from competitors getting ahead.

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Hear From Our Clients

Client Story

Technology evaluation, prioritization, and ranking of emerging technologies in the utility sector

Challenge

The client, an Asian utility and energy company, approached Lux to assist in the evaluation and ranking of 46 emerging technologies within Hong Kong to make the right strategic investments in and development of those with the potential to disrupt the utility.

Solution & Value

Lux validated and ranked the 46 emerging technologies based on global technology strength, region suitability, and the capability to address unmet needs in the utility and energy sector. Lux then performed a scenario analysis, identified the top 10 technologies, and proposed opinions for the key technologies that the client should monitor/reach out to in different situations. Lux’s recommendations constituted a portion of the client’s investment and development strategy.

Top Questions your industry peers are asking

Inquiry is a 50-minute virtual conversation between a licensed client member and a Lux expert. During this two-way consultative exchange, the Lux expert shares insights and acts as an advisor for the member’s strategic thinking or decision-making process.

Lux experts are having such conversations with clients every day to help them understand various aspects of technology innovation. Key questions innovation leaders in the utilities industry are asking about include:

Which technologies increase energy efficiency in buildings and contribute to the decarbonization of the sector?

Which companies developing long-duration storage technologies are most promising?

Which alternatives for on-site power generation are suitable for decarbonizing industries?

What regulations are impacting the deployment of energy storage projects?

Are you working on similar questions? We can help.

Technology Landscape: Long-Duration Energy Storage

As we aim to reach a carbon-neutral economy, electricity will become our energy system’s core. To achieve net-zero targets by 2050, we must implement a mix of renewable energy generation and storage technologies. Download our analyst insight for a comprehensive overview of the LDES technologies landscape among different players and regions.

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What makes Lux special is our ability to link insights across industries, scientific domains, and cultures to give you a complete interdisciplinary and cross-industry perspective.

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