Utilities fall back on longer-term plans to drive innovation in the sector.
In the past 18 months a wave of corporate venturing programmes have been started or significantly developed in the utilities sector as strategic imperative drives firms to innovate and deal with entrepreneurs.
The launch or expansion of at least 15 corporate venturing units with about $2bn of committed capital in aggregate, as tracked by Global Corporate Venturing, is reminiscent of the explosion of activity during the dot.com bubble in the late 1990s, when 13 units were launched between 1998 and…
