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📋Tracking The Value of Innovation🚀 In addition to the work our Innovation Team does to identify, explore and implement improvements on the current and future gas network, they also have to understand how successful previous innovative solutions have been once implemented. Not only is this an Ofgem requirement, but it also provides an insight into the types of innovation projects that are having the most impact on the network. Every year, the Operational Innovation team conduct value tracking of implemented innovation projects, to record the benefits realised. These can be financial, such as cost avoidance or an improvement of efficiency, or environmental, where the team will estimate emissions savings as a direct or indirect consequence of the project. To date, we have identified a value of £89million from our RIIO-1 Innovation Projects. One such example is the L555 Dent Tolerance Project, which carried out comprehensive testing to understand the tolerance levels of dents on L555 pipelines. As a result, a number of policies were updated which increased the tolerances for dents and improved the understanding of the resultant damage to welds. Prior to this work, remedial action would have taken place on lower-level dents, at an unnecessary cost of approximately £200,000 per excavation. Now, dents can be confidently assessed, and rectification is only carried out in scenarios where it is required. It is estimated that this single project gave a total cost avoidance of £4.6million by the end of the last financial year. In addition to the financial benefits, the reduced number of excavations leads to a reduced risk of service disruption and also reduced environmental impacts. You can read more about this project, and other innovative projects that are currently benefitting the NTS below at our dedicate Value Tracking site below.👇 https://lnkd.in/eDFSgiPF Follow us on LinkedIn for more Innovation Team updates!💻 #InnovationWeekNG #InnovationTeam #hydrogen #engineering

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Keith Ellison Ieng MIGEM

Retired innovation project manager & PSSR competent person

5mo

Nice one Steve 👍

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