Around the world, it’s clear that a paradigm shift is taking place – power grids are transforming into smart grids that are more transparent, more interactive, and more environmentally friendly than ever before.
How will you execute your company’s smart grid strategy, step-by-step?
What actions should be taken with the available resources, in what time frame, and with what benefits?
With the Compass™ method, Siemens rolls up its sleeves and helps you find the right answers as a part of a comprehensive, integrated team effort. Then, Siemens is there by your side to help as you implement your plans.
Due to the complex and changing market environment, utilities face a myriad of business planning challenges:
Utilities, municipalities, policy makers and regulators are planning on different levels; often the interfaces between these plans are vaguely defined at best
Objectives, directions, strategic considerations and even the language are vastly different among internal and external stakeholders, not to mention whole departments
Utilities are often challenged to plan across silos, where political differences can slow or stall a project
The general perception of the “energy future” vision is diverse across stakeholders
Vertical technology-focused Smart Grid business cases are generally difficult to achieve, where benefits outside of the tight project focus go uncounted
Effectively enabling technology systems optimized across the whole organizational landscape to capture interdependencies and business impact
Failing to adequately address these planning challenges puts project delivery at risk of missed targets or outright failure. Failure to develop a well-considered plan puts the utility at risk of multiple negative consequences, including long-term sustainability.
Siemens developed the Compass™ model to help utilities successfully develop smart grid roadmaps that are in alignment with vision, strategy, and market, then to navigate the execution of such plans while staying in alignment.
After all, strategy is only viable when it is actionable – effective strategies must be broken down into specific actions. One of the primary goals of a Compass engagement is to integrate and leverage current strategic objectives, business capabilities and technology investments. With the structured phases of the Compass solution, we offer a deliberate, managed navigation towards the “Utility of the Future.”
What phases are right for your company? What pace of change makes sense for you? The Compass puts you in charge of how far you go, and how fast you go.
The Orientation Phase engages organizational leaders in workshops to define business capabilities, aspirations and gaps; to align technologies with business objectives; and to craft a strategic roadmap as a guide for the journey to become a “Utility of the Future.”
The Destination Phase builds on the insights from the Orientation Phase with scenarios and an initial cost/benefit analysis to refine the initial initiatives in the program. In this phase, a more detailed roadmap and value improvement program align the corporate vision with the optimal business case.
The Routing Phase goes deep after the Destination Phase to develop the detailed parameters and key performance indicators (KPIs) that support the quantitative business case. The Value Improvement Program designed in this phase will guide decision making and keep the organization focused on the objectives in the vision and roadmap, regardless of external environmental change, unintended consequences, or other disruptions encountered during the long-term implementation.
The long-term Navigation Phase follows the first three phases of the Compass, ensuring ongoing support for the organization as it executes its value improvement program. The Siemens team works closely with utility teams to implement the roadmap, developing organizational capabilities and maximizing business value while continuously adapting to changes in the business environment.
Siemens has unparalleled experience in the construction, operation and maintenance of power grids worldwide. As your trusted partner, Siemens provides strategic advice founded in practical feasibility. The Smart Grid Compass leverages our global, expansive industry expertise to provide business transformation at the lowest risk, with the highest value.
Global expertise and local presence
Experts in holistic smart grid planning
Expertise across all domains of the energy conversion chain
Business Integration to align business and technology capabilities with strategies and objectives
A comprehensive, well-defined, measurable, and actionable Smart Grid plan
Tools and metrics in a Value Improvement Program that realize a Smart Grid vision with utmost cost efficiency and optimized value
Explore the challenges, solutions, and benefits that have previously been encountered by our Business Transformation Team.
Real World Results
Case 1 (Strategic Customer Load Management)
The Challenge:BTS partnered with a client to transform customer load into a strategic resource to avoid/defer capital investment for improved quarterly performance as well as debt reduction.The Solution: A Smart Grid Compass Navigation consulting project:• Defined the vision, strategy and plan to help transform the client into the “Utility of the Future”• Aligned the organization across a common vision• Partnered with client to navigate a 10 year transformation using our Value Management method to ensure successThe Benefits:• The client has an implementation partner to ensure transformation continually measures value and success • Helps the client define and implement new business models to deal with the challenges utilities face todayAs a delivery partner, Siemens enables a rapid growth in competency and is a resource at the disposal of client during the transformation program.
Case 2 (Catalyze Economic Development)
The Challenge:Business Transformation Services aligned with a client created as a public-private partnership. Together both BTS and the public-private partnered client worked to catalyze economic development opportunities in Ontario and Canada’s energy sector.The Solution:As a founding partner, Siemens supplied its industry experience, products and services to support the client development.• Helping the client develop systems change strategy to address systemic barriers to innovation adoption • Compass™ framework and tools helping transform utilities and the sector The Benefits:• The client has a partner with industry experience to provide advice credibility in the sector• The client will have assistance in defining and implementing new projects that align with their mission• Siemens will help the client complete projects and ‘unlock’ the Ontario market