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Frank Carnevale's picture
Chief Executive Officer Alkaline Fuel Cell Power Corp

Mr. Carnevale is the Chief Executive Officer of Alkaline Fuel Cell Power Corp. ("AFCP") (NEO:PWWR OTCQB:ALKFF). AFCP is a diversified investment platform developing affordable, renewable, and...

  • Member since 2020
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  • Oct 5, 2020

If you are not looking at the energy transformation from a customer perspective, then you're not aligning your interests with them.

Matt Chester's picture
Matt Chester on Oct 5, 2020

Taxi industry came out fighting, but other than policy considerations, Uber and other ride-sharing programs destroyed the industry, virtually overnight. So what’s different?

In Canada, and good portions of US, electric utilities are very political. Many are owned by a governmental body, and Provinces and States create the regulatory bodies that oversee the utilities and related industry.

Also, energy costs, like water costs, are quite political. Politicians don’t get elected by saying, “I will raise your rates!”

This is pretty interesting-- but I think it's also not quite an apples-to-apples comparison because of the necessity of utility services for everyone compared with taxis/Ubers. 

Frank Carnevale's picture
Frank Carnevale on Oct 7, 2020

Thanks for reading and commenting. Appreciate it.

The similarities are this. Cities/Regions created what were sacred licensed people transportations systems. Having worked for a large city and have oversight on licensing, I originally thought that our processes of how we manage people moving and license plates, etc was very cirtical to the success of the service. Instead of chaos. But what I quickly figurd out is that despite best of intentions, Uber and other ride-sharing services were delivering booking, delivery and billing systems that were so advanced from the licnesing model of the day, that the consideration of how customers were benefiting from the model and the service, far outweighed the values we thought we were delivering to customers with our out-dated processes.

Utiities, as an example, were unbelievably valuable in delivering the only cost effective energy that was centrally-procured for a century. And in many cases, without real service-area competition, they built out a cost structure that has now become expensive and not-so-customer-friendly in options when it comes to what can be delivered in energy for a site today. 

The similarities are many, and in the case of municipally or stated owned utilities, they have an added focus of protecting their investments in policies and speed of change- or lack there of.

The irony is that the more the monolithic industries try defendind their turf from these new transformative comeptitiors, the easier it becomes to convince customers to go with someone new. Just my opinions. But thanks for yours.

Frank Carnevale's picture
Thank Frank for the Post!
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