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Process

Below is what happens to a successful idea.

The REV Connect team follows a multi-stage process to help New York electric utilities and market solution providers share ideas efficiently and connect to co-create new business models.

The REV Connect team assesses submissions to ensure the idea meets the minimum requirements, facilitation criteria, and fitness for utilities. Our work is focused upfront to support utilities to source more innovation from the market and to coach submitters to put their best business case forward. If a match is made, the utility and the solution provider work together directly to reach a business deal.

REV Connect also launches Innovation Sprints that target innovative partnerships to address near-term priorities.

More on our stages

IDENTIFY Opportunities

Utilities identify innovation needs and interests. Submitters become familiar with innovation opportunities and submit ideas. The REV Connect team assesses submissions against minimum requirements.

QUALIFY Following Consultation

REV Connect team members consult with qualified submitters to better understand their ideas, determine the extent to which the submitter and idea meet the facilitation criteria, and summarize their assessments.

CONNECT Submitter and Utility

REV Connect presents the New York utilities and State energy agencies with submitted ideas. The REV Connect team consolidates feedback and, where there’s a match, connects submitters with interested utilities and other potential market partners. Our industry experts also can help submitters refine a solution’s REV value proposition and business case.

Each utility may use the market intelligence gained through REV Connect to inform an RFP or RFI solicitation to competitively select market partners. Please only include non-confidential information in your initial submission to REV Connect. If there is a later need to evaluate confidential information, we will discuss how to proceed.

PARTNER to Advance New Business Models

Utilities and submitter(s) work together—potentially with support from the REV Connect team—to develop a business model and partnership structure. The type of business relationship that might result from a submission of interest could take a variety of forms, depending upon the specifics of the idea and both the submitter’s and the utility’s needs.

IMPLEMENT Partnership

Utilities and submitter(s) work together to gain any regulatory approvals and to deploy their project or partnership. As new business models are implemented, REV Connect shares findings over time.