Vector Annual Report 2020

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Energy systems in New Zealand and globally are under pressure to respond to the uptake of new consumer energy technology, electrification of transport, demands for decarbonisation, increased consumption of renewable energy and energy poverty. Disruption is here, and while some energy companies choose to take a “wait and see” approach, Vector has been an active leader in the disruption for years. We have long recognised the potential benefits of energy sector transformation, and we’ve been

3. Optimise the system – leverage smart energy solutions, future focused using technology and data to support an agile system which can unlock new products and solutions for our customers. 4. Capture the value of coordination – enable an energy system that is more than the sum of its parts through coordination between customers and their energy systems, between distributed energy resources, and across energy supply chains. Symphony is how Vector is creating a new energy future, supporting a cleaner, more affordable and reliable energy system.

leading the adoption of new energy technologies in New Zealand as we gear our business towards putting the customer at the heart of the energy system. We’ve recently named this strategy ‘Symphony’, in which each of our six business units has a key role to play to: 1. Design energy solutions and systems around the customer – transforming our systems to start with demand, not supply. 2. Keep it local – locate energy systems in the community to increase resilience and system-wide efficiencies.

Symphony Strategy

THE INTERPLAY OF TODAY AND TOMORROW

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