Story perspectives

Utility Leaders Boost Innovation Amid Aging Infrastructure Challenges

11/1/2025

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Summary

Story summary

National Grid Partners' 2025 survey finds that 69% of respondents say innovation is embedded across all business units, up from 66% in 2024.
Sixty-four percent increased their innovation budgets, primarily funded through operating budgets.
The drivers are grid modernization (71%) and digital transformation (45%).
Forty-two percent of utility leaders collaborate with startups to foster innovation.
The trend reflects the industry's response to aging infrastructure and sustainability goals.

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Story summary

National Grid Partners' 2025 survey finds that 69% of respondents say innovation is embedded across all business units, up from 66% in 2024.
Sixty-four percent increased their innovation budgets, primarily funded through operating budgets.
The drivers are grid modernization (71%) and digital transformation (45%).
Forty-two percent of utility leaders collaborate with startups to foster innovation.
The trend reflects the industry's response to aging infrastructure and sustainability goals.