Rayford Smith: Utilities naturally prefer acting like low-innovation railroads
Rayford Smith · With Great Power: What other industries can teach utilities about innovation · Aug 4, 2023 · at 18:51
AES Chief Utility Innovation Officer Rayford Smith compares the strategic crossroads facing electric utilities to choosing between a traditional railroad monopoly and an innovative telecom ecosystem.
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“And I think that utilities, like, their natural inclination is to be the railroad because that's the safe and it's the consistent thing that they've always done, and it's explainable to regulators, it's explainable to shareholders, to Wall Street, like, that, that's the easy route.”
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