Every fall, technology, business, and culture converge at MIT for the EmTech Conference, organized by MIT Technology Review. The 16th annual EmTech, which takes place October 18-20, 2016, at the MIT Media Lab, will offer participants a look at what’s just over the horizon in the digital world. Those present will also get the opportunity to meet and network with the entrepreneurs who are poised to bring those innovations to the world stage, including MIT Technology Review’s “35 Innovators Under 35”—the guiding lights of the digital frontier.
EmTech 2016 will examine the year’s most significant news on emerging technologies in sessions such as:
The Robots Among Us
Breakthroughs in robotics are giving machines the skills they need to work side by side with humans. Find out how humans and machines can learn from one another.
The Future of Energy
Climate change, driven in part by the demand for energy, is one of the greatest challenges of our time. Find out how emerging technologies can help create and store sustainable power.
AI’s Next Leap Forward
Artificial intelligence has had an impact on every industry. Find out how collaboration— with one another and with intelligent systems—can advance work, life, and commerce.
Natural gas has been a source of energy in the UK for more than 200 years. The fuel provides one-third of all energy consumed for heat, and it accounts for four-fifths of total peak energy demand. National Grid UK—a government-regulated energy monopoly—is responsible for meeting nearly half of that demand, serving approximately 25 million gas customers annually. The company’s innovation team, led by Director of Network Strategy David Parkin, SF ’12, plays a key role in helping the country meet its targets for reducing greenhouse gas emissions.
“It’s true that regulators help shape our business model,” notes Parkin. “But the government’s mandate also explicitly funds our research and development. It’s an environment that inspires a bit of envy among our colleagues in National Grid’s U.S. offices.” Even as they work to decarbonize the existing network, Parkin and his team are developing innovative forms of natural gas that can be injected into National Grid’s existing 284,000 km of pipes—a length that could circle the Earth six times.
Regulation is generally considered a dirty word in the realm of big energy. “Regulation stifles innovation,” is a common mantra throughout the industry. But David Parkin, SF ’12, has a different perspective. When Parkin worked for a natural gas startup earlier in his career, innovations related to carbon footprints and renewable sources didn’t figure into his strategic vision. “There’s a bit of irony in my current position,” says Parkin. “Here I am with the UK’s largest natural gas provider in a strictly regulated environment, and I have to be more nimble and innovative in my thinking than when I was with a startup.”
As Director of Network Strategy for gas distribution at National Grid UK— a government-regulated energy monopoly—Parkin, has to innovate within the confines of comprehensive criteria. “Our performance,” Parkin explains, “is measured by the security of the supply, affordability for consumers, and the extent to which we are minimizing greenhouse gas emissions. We have to balance all three within an eight-year price control structure. Regulators set our revenue based not on what we spend to provide natural gas service but on what we achieve for our customers on those three criteria.”
This recently established regulatory framework exerts a strong influence on National Grid’s entrepreneurial thinking. “Historically, we were driven by the same imperatives propelling most large companies—minimize expenditures and maximize revenue,” says Parkin. “Now, we have to identify and develop innovations that deliver beneficial outcomes across several performance metrics through an eight-year cycle.”