New Technologies and Product Innovation in Large ...
Transcript of New Technologies and Product Innovation in Large ...
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Confidential. Not to be copied, distributed, or reproduced without prior approval.© 2017 Baker Hughes, a GE company,
LLC - All rights reserved.
New Technologies and Product
Innovation in Large Enterprises: a Few
Insights
February 21, 2018
Marco Ruggiero
BHGE – Engineering
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Summary
February 21, 2018 2
• About me
• Baker Hughes, a GE company overview
• The market & the policy
• The Innovation Process
• A couple of different approaches
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About Me
February 21, 2018 3
• Degree in Mechanical Engineering
• PhD in Energetics
• 15 years in verification Lab
• 3 years working on University collaborations and external
technology development
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Baker Hughes, a GE company overview
February 21, 20184
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Once Upon a Time....
February 21, 2018 5
GE Oil & Gas
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~65,000 employees
120 countries
The first and only fullstream company
+ =GE Oil & Gas
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Fullstream: What does it mean?
From reservoir to refinery. From the depths of the sea to the cloud
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Fullstream
Upstream
Rely on cutting-edge technology, digital solutions, and expert service across every segment
Midstream Downstream
Evaluation
Drilling
Completion
Production & optimization
Pipeline & storage
LNG
Refinery
Petrochemical & fertilizer
Industrial power & processing
Digital
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1842: «Società
anonima
fonderia del
Pignone» starts
its activity in
Florence
1954: acquisition
from ENI, name
changes to «Nuovo
Pignone».
1994:
acquisition
from GE.
$1Billion orders
and over 4.500
employees
Today: Nuovo
Pignone, with its
5.000+ employees is
the global
headquarter for the
Turbomachinery
and Process
Solutions business
About 1900 :
design and
production of
compressors
We Imagine the Future. And always have. Over 160 years of experience
July 2017: from the
merge between GE Oil
& Gas and Baker
Hughes International a
new player emerges:
Baker Hughes, a GE
Company
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The market & the policy
Title or Job Number |
XX Month 201X
10
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3B Growth in global population by 2050
30% Of the growth in global energy demand from
2014-2040 is projected to be met by natural gas
1/4 Of the world’s energy is expected to be provided
by oil in 2040…The era of oil is not yet over
30% Increase in energy demand by 2040
2/3 of global energy investment will be in
renewables
(Source: IEA)
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Policy Maker
(EU for example)
CO2 Emission reduction
-20% by 2020 -40% by 2030 -80/95% by 2050
Renewables Decarbonization Smart Grid
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2539
20162040
13 14
20162040
76
170
20162040
75 576 8
9532
10
12
112200
1 9
Av. 2007-16 Av. 2017-26
New Era in the power market … renewables and gas dominant
New Unit PowerGen
Gas
Coal
Nuclear
GDP
Source: GE Power, WEO, http://ec.europa.eu/environment/industry/stationary/mcp.htm
Recip. Gas
Renewable
Energy Storage
318298(GW/yr) Electricity Demand CO2 Emission (from Power)
• Economic growth decoupling from energy demand ... Structural
transformation of industry... decrease in global energy intensity
• Energy efficiency ... Policies and technologies drive improvements ... EU,
MCPD* to drive volume for small plants 1-50 MWt
• Greenhouse gas emissions … power sector 40% of global CO2 emissions
… policies driving CO2 reduction … dynamics varies across regions
+124% +60%
+4%
• New Era for power gen ... outdated infrastructure, policy
changes, decentralized power, digitalization
• Clean energy transition… shift away from coal, gas-fired
capacity overtakes coal by 2030, renewables adds @60% in
2026
• LCOE parity to be achieved by 2025 in largest economies (U.S,
China and India)
(Trillion $) (1000 x
TWh)(Gton/yr)
Global Indicators
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New Era in the power market … smaller, flexible, decentralized
14
From Centralized power
To Clean, Local power
•Power generation ... BHGE
leadership position … proven gas
turbine <20MW and Steam Turbine
technology
•Energy recovery ... ORC, super critical
CO2 to convert heat to power and
pressure let down
•Energy Storage … BHGE’s to support
the growth of renewable energy …
LSES
•Low Carbon and heat efficiency ...
CCS with proven Chilled Ammonia
Process to capture CO2
New business models, ad hoc financials solutions… capex to opex
Digitization, power integration, increase efficiency and productivity enhancement
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The Innovation Process
Title or Job Number |
XX Month 201X
15
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February 21, 2018 16
The innovation lifecycle
Open Innovation is a pillar of an existing Innovation Management process
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February 21, 2018 17
Ideate Select Validate
Innovation @ BHGE
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Innovation @ BHGE
February 21, 2018 18
Technology
Roadmaps
Innovation
Management
Customer Technology
Session
CTA Product &
Process
Open Innovation
GE StoreUniversities & Research
Centers
External Funding
Intellectual Property
KnowhowFreedom
to operate
Customer
Intimacy
Innovation management is not only R&D and technologies but
embrace organizations, processes and products
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February 21, 2018 19
Technology Roadmapping
MGTPAn Integrated holistic vision of product and
technology development
Product Strategy
External Knowledge
Enabling Technologies
Enabling Facilities
Competitive assessment
Customer Technology
session
Project Planning
Multi Generation Technology Plan – 3 years outlook
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A couple of different approaches
Title or Job Number |
XX Month 201X
20
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FASTWORKS and new ideas incubation
21
© 2017 General Electric Company - All rights reserved
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22
Discover
Identify
opportun!ty Prob?em statement Value
propo$ition Business model
creation
© 2017 General Electric Company - All rights reserved
Develop & Learn
Develop
preliminary
quick
solutions
Early testing to
validate
assumptions
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Open Innovation
February 21, 2018 23
First, it’s a cultural revolution!
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Open Innovation
February 21, 2018 24
Enterprises can and must use «outside» ideas,
as much as «inside» ones, and look for internal
and external access to markets if they want to
advance technologically«Outside» idea
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The innovation funnel
February 21, 2018 25
Closed innovation model Open innovation model
Wider mouth of the funnel
The aim of any product or process development project is to take an idea from concept to reality by
converging to a specific product that can meet a market need in an economical, manufacturable
form.
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February 21, 2018 26
Open Innovation - Types
Outside-inIntegration of/with external sources of
competencies
Model Want-Find-Get-Manage (WFGM)
• (W) Desired from the Company to achieve
growth targets
• (F) Look outside of the Company for the
desired
• (G) Contractual acces to the desired
• (M) Management of the open innovation
relationship
Inside-outGranting external use of ideas and internal
innovations
Revelation (indirect return)
• Free sharing of skills and/or innovations
without direct correspondence of financial
returns(F) Look outside of the Company for
the desired
Commercialization (direct return)
• Transfer of skills and/or innovations through
sales or licensing
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February 21, 2018 27
Open Innovation – Interaction models
ChallengeCompetition with pre-determined expiration
and reward
• (W) Clear requirements
• (G) Pre-defined and non-negotiable
contractual terms
Open submissionContinuous acceptance of proposals to be
evaluated
• (W) Generic requirements
• (G) Negotiable contractual terms
• (M) Management to be defined based on
the agreement
ScoutingDiscovery and detection of competencies and
innovations
• (F) Direct research
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QUESTIONS?
See tutorial
regarding
Title or Job Number |
XX Month 201X
28
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29
Immaginiamo il Futuro
@BHInc
www.immaginiamoilfuturo.it
www.bhge.com
www.ge.com/careers
Baker Hughes, a GE Company
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