Tag Archives: energy branding

Finalists for the 2018 CHARGE Awards announced

From an initial shortlist of 80 brands in 6 categories, the shortlist has been narrowed down to 20 finalists in 5 categories of the World’s Best Energy brands.

The finalists for the 2018 CHARGE Awards are:

Established: Alperia Energy, Innogy, Enmax, E.on, Helen
Challenger: Illumia, Powershop, Igloo Energy, easyEnergy, WATT + VOLT
Green: Burlington Electric, CleanChoice Energy, Bulb, Ekwateur
Transmission: Eirgrid, Fingrid, Enbridge
Product & Innovation: Tiko, Virta, THE FCTR E

Find out more about the awards and the nominees here.

The winners will be announced at the CHARGE Awards ceremonial dinner on the 24th of September in Reykjavik. The finalists will be honoured on stage at the conference on the 24th and the winners will participate in a panel discussion during the conference‘s second day.

We have a great variety of brands as finalists this year. Energy companies are taking their branding more and more seriously and are more consumer-centric. The European market has led Branding for energy companies in the past years but North-America has a strong presence this year.

– Dr. Fridrik Larsen, Chairman of CHARGE Energy Branding.

The initial shortlist of over 80 companies was created by a global panel of experts that work in or around the energy space as well as professionals in branding and advertising and from academia. The finalists in the three retail categories (Established, Challenger and Green) are evaluated both by customer research as well as how the panel scores their case study submissions. The categories of Product & Innovation and Transmission are evaluated by their submissions to the panel.

Challenges of a decentralised energy market

The energy industry is changing faster now than it has ever before. These changes can in many cases be traced to the focus on renewable energy sources and energy decentralisation. With pressure from lawmakers, energy companies have been changing their energy mix to increase the use of renewable or sustainable energy sources.

Renewable energy branding has changed – it is becoming less of a differentiation for an energy company to offer a high percentage of renewable energy to customers. What has also changed is what customers expect to see from their energy companies in terms of customer service and engagement. It is more important now than ever before for energy market segmentation of customers – especially with more and more consumers in the energy market becoming prosumers. This is why energy companies have a focus on renewable energy and customer relations.

The most effective ways of communicating with energy consumers can be through content marketing, storytelling, advertising or direct contact but it the most important and effective way for communications to become successful is by building a strong brand with a coherent voice as a trusted source of information. People connect to brands.

Energy decentralisation can have two meanings but both of those meanings have had an impact on the energy sector. The decentralisation of the market in general, or deregulation or liberalisation, has meant that some market territories are no longer controlled by a monopoly which produces, transmits, distributes and sells electricity to an end consumer. Markets have been changed in order to increase competition in the retail and generation areas.

This has created new challenges for energy companies. When the consumer has a choice – he is more likely to choose the brand which speaks his language and connects to him in more ways than just supplying energy to the sockets.  This is not only causing a change in the retail sector – new brands that have been established around the transmission part and the distribution parts of the power systems have become more effective in brand-building and communicating to customers and other stakeholders. They have found out that branding is not only a proven way to communicate with the public but also to help people inside the organisations to communicate with each other. Branding has proven to be a valuable tool in breaking the silo mentality within organisations.

Energy decentralisation can also refer to new technologies enabling consumers to produce their own energy. Instead of energy coming from a centralised energy plant, it is all the sudden flowing from the rooftops of homes and small-scale windmills at farms. This addition to the power mix is not only changing the way people think of energy by bringing the production closer to home but is also changing the way energy companies are approaching the market with new strategies.

Electricity brands, in retail, transmission and distribution have had to find new ways to engage with those customers who are able to get energy off-grid. These customers are not only self-sufficient with their energy usage but are also selling power to the grid. This means a whole new means of communications. The average consumer is not an expert in terms familiar to people in the energy space – there is a need for a common language for energy companies and consumers to have their engagements in.

Energy company branding is an important topic for the changing times in the energy sector. Energy utilities are aware of the fact that they are not dealing with meter points but people of flesh and blood that need a deeper, more emotional connection than before.

 

Discovering Hydropower

CHARGE Energy Branding looks at different energy sources from the branding angle – how different sources of energy can be used by utilities to engage better with people.

Dr Fridrik Larsen, the chairman of CHARGE has been invited as a social influencer by Voith Hydro to visit hydropower plants in Portugal, Scotland and Iceland, along with three other experts in the energy field. The aim of the trip is to help people discover Hydropower and

Companies in the energy sector could use the source of their energy as a part of their branding – both figuratively when people are buying electrons but also literally when possible.

It’s not hard to look at hydropower from a branding perspective. Hydropower is often overlooked as a renewable energy source. While solar and wind have received all the glory since the turn of the century, hydro has mostly been left out of the discussion.

  • Hydropower is one of the most attractive sources of renewable energy

  • One-sixth of all energy in the world is produced by Hydropower

  • Eighty per cent of all renewable energy in the world comes from Hydro

Hydro is the original energy source of the de-carbonisation of electricity. Hydro plants were also one of the first off-the-grid power sources. The reservoir of a hydro powerplant is a giant battery which helps balance the output of the plant. So hydro was there long before the trends and has been balancing the grid for over a century.

You can follow the adventure by following the hashtag #DiscoverHydropower or follow Fridrik on Twitter, his handle is @fridriklarsen If you have any questions before or during the trip, you can either tweet at him there or send your question in a direct message.

If you want to know more about Voith Hydro – or are simply interested in photos of hydropower plants, you should click the following links:

About Voith

http://www.voith.com/corp-en/industry-solutions/hydropower.html

Pumped storage

http://voith.com/corp-en/industry-solutions/hydropower/pumped-storage-plants.html

Small hydro

http://voith.com/corp-en/industry-solutions/hydropower/small-hydro.html

Sponsored content

What to expect at the CHARGE Energy Branding Conference

It’s hard to find many conferences which offer inspiring keynotes from executives about branding in the energy industry, professionals giving insightful presentations on energy industry branding case studies or conferences which focus on how branding will determine the future of the industry and which companies will survive the changing times. It’s hard because CHARGE Energy Branding is the only venue in the world with a focus on branding in the energy sector. A hub of new ideas for energy where people from all over the world meet and discuss best practices.

The summer is here and CHARGE Energy Branding is just under 4 months away. We have already announced a majority of the speakers that will give invaluable insights at the Harpa Conference hall in September. We have been able to recruit visionaries, thought leaders and successful professionals from electric utilities, energy retailers, established incumbents, venture funds, non-profits, design, advertising, branding, marketing and communication.

Click the player below to hear testimonials from some of last year’s participants and have a glimpse of what was going on and what to expect from the CHARGE Energy Branding experience.

A shared language for smart energy

We focus on helping the energy industry to communicate efficiently with the tools of branding. An obstacle for the energy industry and the clean energy industry is to translate highly technical terms into a relatable language. It is a challenge for an industry focused on engineering and innovation to communicate to people outside the sector but it can also be a challenge for people within the industry to communicate with people in other sectors of the industry and for different systems to speak a common language.

“If smart integrated energy infrastructures should make sense, it is necessary to find a standard language […] used in residential installations so that different systems can seamlessly communicate together to exploit any surplus or loss of energy throughout the smart energy system between energy producers and distributors.” Benny Hansen, ABB

Smart Energy and the Smart City are not only the concern of vendors and city officials but require the participation of regular people, the end customer. The democratisation of energy with distributed generation and prosumers are only an example of how Smart Energy is much more than smart lighting and smart thermostats. The Clean Energy Industry is becoming aware of the interplay between marketing and energy in general and energy company branding in particular.

A CHARGE Energy Branding event will take place in Copenhagen on the 25th of May, focusing on how we can create a shared language to communicate smart energy. A smart language that is easily understood by stakeholders within the industry and outside of the industry. The event is one of many utilities and energy events related to the Nordic Clean Energy Week and is one of the events that take place in the Energy Experience in Nordhavn.

Speakers

Dr. Fridrik Larsen brings a theoretical angle and practical experience on how a common understanding of simple words is important and why branding energy creates value for all stakeholders.

Jane Mortensen, City & Port – Copenhagen Municipality brings the perspective of the owners/ municipality on effective communication.

“In collaboration with City, Suppliers, Technicians and Development, the Energy Lab Nordhavn demo platform has succeed in creating synergy between the diverse partners and testing new technology in new city areas”. – Jane Mortensen

Kristian Honoré from HOFOR has the perspective of the Energy Planner. He has the experience on how different energy forms play together, the challenges and how a common understanding can be important for integration.

”In the EnergyLab Nordhavn project SMART energy services and innovation is deliberately challenged by daily operations, legislation and resilience – and vice versa – to pave the way for new and realistic solutions and products”. – Kristian Honoré

Rune Kirt from KIRTxTHOMSEN brings examples of how to create a common language in complex energy tech and clean tech projects in research and development.

“Innovation circles in energy are long and costly. High technical complexity and many stakeholders/partners in early R&D often lead to a lack of shared understanding. Customized visualizations can make everyone on the same page fast, thus bridging the gap between technology and business, engineering and management, ideas and money. Aligning key stakeholders from early stage and throughout the process”. – Rune Kirt

Martin Gammeltoft from Activity Stream is experienced in working with clear and accessible communication. He will share stories on what works in communicating technical language to many different external stakeholders.

Where: Energy.Hub Nordhavn (Directions)
When: Friday, May 25th at 9:00 – 10:30

Attendance is free but registration is required through the form here.

 

 

 

Next level Energy Branding

The best brands in the energy sector work hard, deliver superior value, look outside the energy space, segment their customers, are data driven and are on a mission of changing the status quo.

By reviewing the branding case studies from the World’s Best Energy Brands we have learned a great deal about how the best energy brands in the world view themselves and how energy company branding can go to the next level. There is a common thread among the best energy brands in the world. It does not only apply to the competitive retail sector – it also applies to the regulated energy sectors both in retail, transmission of electricity, distribution of electricity and it should apply to B2B energy retail companies as well as generation companies.

There are no shortcuts towards a superior brand

People often wonder if there is a good life-hack or a shortcut to achievement. So, is there a good life-hack for creating a good brand in the energy sector? The short answer is: No – there are no shortcuts. Creating a good energy brand takes a great deal of effort. Even if you know the secret to creating the very best power brand in the world and even if you were born with the secret to energy marketing in your head – creating, implementing and running an effective brand in the energy sector is still hard work.

 

The best Energy Brands offer something else than energy

They offer an experience. They have a simple message about the benefit they offer that no one else offers. And the benefit is usually not the price or being able to deliver electricity on time. It’s usually a feeling in the mind of the consumer that they own. Apple and Nike are well-known branding and marketing reference point clichés for a reason. They own a share of the consumer’s mind – and that is what you need to own a share of the market.

They look outside the energy box

The best brands are not focused on the next door utility neighbour and try to copy their best practices. Although many brands in the global energy market are doing great things branding vice, the best brands in the world are not found in the energy space. You should look outside the box and identify who is the best in the world and learn from them and apply it to the energy sector and your market. Don’t think about which brand is the best employer brand amongst energy companies – look for the best employer brand in the world. Don’t just try to learn from the best customer service brand among utilities, look for the company that offers the best customer service period.

The best energy brands use segmentation tools

It’s almost impossible to be like by everyone. Instead, you should use the appropriate tools to segment the market. The most simple tool to use is demographics. But you can’t go in blind and decide to be the brand for single women aged 26-37 living in a certain area with this high yearly revenue. You need to know why this group is the right one for your brand and your value offering. It is often said that typical demographical groups are dead – people can’t be put into categories based on gender, age or where they live. There are multiple tools that segment that market based on more things than on demographics. Find the groups that your brand speaks to and figure out how to speak to them.

The best energy brands are customer oriented

Customer engagement is not about smart gadgets. It comes naturally when a brand speaks to the customers on a personal level and connects to them on an emotional level. The smart gadgets help but if there is nothing that connects to the customer other than a socket on the wall or some hardware, then there is no chance of communication. The best brands have created an emotional value that can be hard for competitors to compete with.

The best energy brands measure up

We have established that good branding is about knowing the customer. But good branding is about knowing yourself. What you stand for and what your brand is capable to do. But you need to know where your brand stands and where it stands in the minds of your customers. The best energy brands are constantly measuring how they are doing and benchmarking with other brands. They are not afraid to reach out proactively to customers and ask them what they think – this is not done once a year – it can be once a month or even once a week.

The best brands are on a mission

They offer superior brand value by offering something unique and different from others in the sector. That superior value stems from a specific brand mission – they are not just selling energy – they are often trying to change the world. A good example of good branding is in the green energy sector. Today, almost every supplier has started to become green. So green has become the new black in energy and it’s hard to differentiate based on the green origin of the energy alone. Superior green brands today have to dig deeper and be sustainable to the core and offer customers a buy-in towards a vision of the future.

Branding Bananas and other commodities

The most basic requirement for branding is differentiation. But how is utility branding possible when the product itself can’t be differentiated? How is energy market segmentation even possible when everyone is buying the same thing? These are questions that you might use to make an argument that branding for energy companies is a waste of time – the only differentiator is the price. You can only gain new customers by offering a lower price. As the experience from the UK has shown – trying to lead a race to the bottom can lead your brand to bankruptcy.

To demonstrate that a commodity can be differentiated by a brand, it is popular to point to other industries that have gone the branding route. Branded salt is sold at a premium and there is a seemingly endless supply of telecommunication brands active globally. But the best example of a well-branded commodity that differentiates primarily on owning part of consumers hearts and minds are bananas. One brand, in particular, has become synonyms with bananas. That brand is Chiquita. When people are asked to name the first brand that they connect with bananas, its Chiquita. Not many people can tell the difference between regular yellow bananas.

As finalists for the World’s Best Energy Brands Awards have shown, it is possible to differentiate a mere commodity such as electricity.  (follow the link to get a glimpse of some great brand case studies from the energy industry).

Electricity is a basic necessity and it is price sensitive up to a point – the brands that have been the most successful in the market have found a balance between offering a competitive price structure and giving customers a reason to choose a brand that offers something more than just a basic necessity.

Sometimes the commodity itself is differentiated – well not the electrons themselves but the source where the electrons are generated. Say hello to Green Energy Marketing. Clean Energy Industry Strategic Communications is probably the most notable and has been used the longest as a differentiator on the market. But making a clean energy strategic market entry has become more challenging than before since almost everybody on the market is either 100% renewable or offering renewables as an option on the market.

Energy Decentralisation is providing more opportunities as well as challenges to energy brands. Distributed generation and prosumers has changed the energy brand spectrum. Electricity brands are becoming a more flexible concept since customers do not need to be connected to the grid and can do business with electricity brands that only supply them with the tools and equipment needed for the customers to be self-sufficient of energy.

The most important thing in creating a brand in the energy space is to find out how to be different and the most enduring way of being different from the competition is to claim a feeling. In the end – people make their choice by determining who they trust.

Gain insights and earn customer engagement

customer engagement energy utility marketing branding CHARGE Energy

Energy company branding is pretty simple at the core. The World’s Best Energy Brands have it in common to be able to identify segments in the market. The best brands offer their target groups specific offerings and give them tailor-made marketing message that gives the impression of a coherent brand-voice. Despite advances in technology – the core of marketing is still the 4P’s. But technology creates new ways to present the product, new places to sell it at and new ways to promote it. It also gives new ways to find out more about the consumer.

Learn more about energy branding and dig deep into branding case studies in the energy industry. Join us at CHARGE 2018 – the only utilities and energy conference that covers branding in the energy space!

Easy days are over

A major task of any company selling and marketing a product or a service is to really figure out what you are offering, to which potential customers and how you are different from everyone else on the market. This used to be a lot easier, a company would come up with a product and find the right segment was easy, husband, housewife, urban or rural. Then societal changes came along and these simple groups of consumers split up and new-sprung out. The teenager is more complex and people in their twenties are now of all ages.

Big Data helps

Energy utilities around the world are doing their best to know their customers which is the technical term for analyzing data and identifying patterns. Big data can, of course, provide great insights that are not easy to identify from interviews or surveys. But the downside is that energy companies often skip the part of getting to know their customers – the customers become blips on the screen that leave data points. Gathering large amounts of quantitative user data is relatively easy, it’s just a question of finding the right software and let the algorithms get to know the customers.

A good brand uses algorithms to gain better insight into the behaviour of the customer but in most cases, it is used to build upon knowledge that is founded on qualitative research that is more or less the foundations of the brand.

Don’t forget qualitative

Some might dismiss qualitative studies as anecdotal evidence or by simply pointing out that if Henry Ford would have asked people what they wanted, he would have made the horse cart faster. It is correct that you should not take focus groups or customers too literally, an active mind is needed to analyze what is said to you and form concrete principles – read between the lines and integrate truths.

Find out more

Artificial intelligence is yet to be able to do that. A good first step is asking oneself “what would I as a customer want from a provider?” and then asking the same question to people you know and see if there is something in common.

Find out more about how the Best Energy Brands identify and speak to their different segments in the report on the World’s Best Energy Brands which is available now. Including energy company case studies from around the world.

 

Energy brands and strategic vision

 

Retail energy strategy is about finding the right positioning and implementing it. Energy company branding is not simple for energy providers, positioning on the market requires a deep knowledge of how energy consumers behave and how the market can be disrupted. For incumbent utilities, this can be a difficult task since consumers have an already established idea of what the utility is and what it does and how it reacts. The utility company and the idea consumers have about it is changing, both with the entrance of smaller newcomers and changing technology.

The age of consumer choice in power markets

Power providers have been unbundled in most liberalised markets and the challenge for all participants in the market is to unlock customer value by creating brand value that gives the customer a reason to choose. Customers that have been indifferent towards their energy suppliers are slowly but surely responding to marketing programs and branding in the energy space. What has become the most common form of differentiation in market messages on the energy market has been a green positioning, focusing on the renewables that the energy provider can source for their customers.

Renewable Energy Strategies

Renewable energy strategies can vary, depending on the market and how customers on the market perceive renewables. In most countries, solar and wind are considered to be THE sources of renewable energy while sources such as nuclear and especially hydro are branded as sustainable or clean sources of electricity. While solar and wind are still sufficient to power regular homes, the technology is not just there in terms of scale and efficiency to give reliable power to large-scale industrial users. Many large companies are, however, demanding renewable energy to power their production or be the backbone of their services. It does not matter how green/renewable/sustainable/clean the source of the energy is. What matters is that the brand that is promoting the source of energy that it sells to its customers is also a sustainable brand. Being a sustainable brand is not about renewing the colour palette to reflect a greener colour.

Customer engagement strategy

The brands that are able to deliver results in connecting to the minds of consumers are the brands that are delivering a higher purpose. It is not just a matter of the cover – it is also about the contents inside. The truly effective energy brands are about changing the status quo. Effective brands set out to change the world. They identify gaps in the market by thinking like a consumer. Often they are founded by regular consumers that are fed up with the way things are done. From the start, these brands are equipped with a vision. Their strategic market entry is done by a narrow customer segmentation – by being focused on a niche market that they can expand further down the road.

Doing something new

The top companies for customer experience are not myopic about technology. Smart metering is an add-on to the experience but it can not the solution to everything. If a brand is not well crafted and lacks strategy and vision, the execution of the possibilities of smart metering will at best become awkward. Utility analytics and customer engagement metrics are a valuable add-on for the energy marketer and anyone interested in maintaining a brand. Smart metering enables customer engagement metrics and smart customer service but customer engagement and loyalty do not come automatically with smart meters and smart meter data. People engage with brands – not technology. Technology enables further customer engagement in energy and it can help customer segmentation. But technology and user interface must be appealing and easy for customers. To be able to make it easy for customers, companies need a good user interface and to be able to design a good user interface, energy companies need to be able to understand the end customer.

The Future of Energy

The future of energy is customer choice. Customers are already able to choose a supplier in deregulated markets but energy consumers around the world are already able to choose if they bypass the regulated monopolies altogether through microgrids, their own rooftop solar or other ways of localised small-scale production of energy. The future of energy is in the hands of the consumer and the energy companies that are able to build their value proposition according to the needs of the consumers will own the future.

 

 

 

Efficient Energy Brand Communication

The Energy Brand, the heart of strategy and communication. Image credit: LarsEn Energy Branding
The Energy Brand, the heart of strategy and communication. Image credit: LarsEn Energy Branding

One of the most challenging tasks of utility companies is how to reach the ears and eyes of stakeholders and potential customers in a way that it gets noticed and remembered. Though energy efficiency has been a hot topic for energy companies, the most important task ahead is efficiency in communication – if communication goes by unnoticed, resources have been wasted.

Every company in the energy space needs to be able to communicate efficiently, it does not matter where in the chain the company operates – TSO brands, DSO Brands, Energy Generation Brands, retail brands and brands that are bundled in one or more aspects of the energy value chain, all need to be able to communicate their message in an efficient way.

Brand or be branded

Communication needs to come from a credible source – a source that the audience wants to listen to and notice in the first place – but also a source that is considered believable. The source of communication in utility marketing is always the brand. It does not matter if the utility does not consider it self to be in branding. If the utility does is not actively invested in its brand building then the brand, its image and credibility is out of the hands of the utility and the image of the utility is shaped by everyone else.

Utility marketing should start with building a brand. Communication efforts will not be taken seriously if the energy company has not effectively built a brand and has taken branding seriously. Communication processes such as the tone of voice and proactiveness can be created but to know how the processes are created, a good strategic tool is to know the brand and how the brand would behave as a person.

The cornerstone of every interaction

The big question facing many brand builders in the energy space is how to brand energy since electricity is a commodity that can not be differentiated. The answer to the question is easy: differentiate your company with a unique brand that can be heard in the noisy clutter of communication people are bombarded with every day. The hard part is to follow up on the brand building and have the energy company behave as the brand at every level at the operation and at every touchpoint. If the brand behaves in accordance with what people expect and is consistently behaving as a brand at every touchpoint, the brand becomes credible.

Don’t settle with a credible brand – aim for incredible

With a strong brand that is incredible at getting the attention of their customers in a positive way, challenges become easier. An incredible brand has consistency and is dependable. Good energy brands know how to communicate with new challenges such as distributed energy and prosumers, they know how to fit new green energy technology to their service offering, know when and how to showcase their green electricity offering and how to add value for their customers with effective ingredient branding of either their power source.

Join the discussion at CHARGE 2018. CHARGE Energy Branding is the only utilities and energy conference that has a clear focus on energy branding and how utilities at every stage in the energy stream can benefit from a strong brand that delivers consistent and efficient communication to stakeholders.