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In this episode of Know Power, hosts Noha and Mike speak with Craig Shesky, CFO of The Metals Company, a pioneer in deep-sea mining for battery metals. Craig shares his fascinating journey from driving massive trucks in iron mines to leading financial strategies in a cutting-edge industry. The conversation dives into the intricate details of deep-sea mining, exploring how The Metals Company is innovating to collect nickel, copper, cobalt, and manganese nodules from the ocean floor. They discuss the environmental implications, regulatory frameworks, and the critical need for these metals in the clean energy transition. Craig emphasizes the benefits of deep-sea resources over traditional land-based mining, highlighting efforts to minimize environmental impact and collaborate with global partners. Tune in to discover the future of sustainable mining and its vital role in powering our transition to cleaner energy.
Guest bio: Craig has over 15 years combined experience in public investing, metals research and investment banking in New York. He spent 12 years at King Street Capital Management, most recently as senior analyst in charge of recommending investments in the global metals & mining space. He analyzes electrification trends, battery chemistries and the resulting impacts on supply & demand for critical base metals, with particular expertise in nickel and copper. Craig also has significant experience navigating complex, legal-driven investments around the world, as King Street was one of the largest creditors in over a dozen global Lehman Brothers entities. He worked closely with administrators, creditors, lawyers and advisors to reach settlements, form JVs and accelerate recoveries, particularly in the US, UK, German, Swiss and Dutch Lehman administrations. He also spent two years as the top-tier analyst on the insurance & asset management investment banking team at Morgan Stanley.
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[00:01:14] Craig Shesky's background and career journey
[00:02:24] Transition from finance to The Metals Company
[00:03:55] Importance of nickel in battery technology and market dynamics
[00:04:54] Overview of The Metals Company's deep-sea mining operations
[00:06:40] Environmental considerations and comparisons with land-based mining
[00:12:16] Data release and collaboration with international regulators
[00:13:27] Trade-offs and benefits of deep-sea mining
[00:16:19] Detailed extraction process and technological advancements
[00:20:49] Seafloor and midwater plume management
[00:23:09] Regulatory framework and application process for commercial production
[00:30:40] Potential impacts on local communities and global supply chains
[00:36:09] Partnership with Nauru and economic benefits for developing nations
[00:44:07] Long-term vision and goals for The Metals Company
[00:46:37] Future of deep-sea mining and competitive landscape
[00:51:17] Regulatory challenges and potential changes for the industry
[00:57:03] Scale and potential impact of The Metals Company's resources
[00:59:26] Broader industrial and defense applications for mined metals
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In today's episode of Know Power, hosts Noha Sidhom and Mike Borgatti welcome Quentin Scrimshire, CEO and founder of Modo Energy. Quentin, known as Q, shares his journey from studying electrical engineering in the UK to leading a venture-backed startup in Austin, Texas. They discuss the rapid growth and potential of grid-scale batteries, the challenges of forecasting and optimizing energy storage, and the complexities of the energy market. Quentin provides insights into Modo Energy's innovative approach to data and market modeling, and his vision for the future of the energy industry. Tune in to learn about the transformative power of energy storage and the entrepreneurial spirit driving the energy transition.
Guest bio: Quentin ‘Q’ Scrimshire has over a decade of experience working in battery energy storage and power markets, covering asset development, financing, construction, trading and optimisation. Before co-founding Modo Energy in 2019, he led Kiwi Power’s European energy storage business (acquired by ENGIE). Previously, he was an engineer at Centrica PLC working on capital projects across offshore wind, oil & gas, thermal power, peaking plant and energy storage. He holds his Master’s Degree in Electrical Engineering from the University of Manchester.
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[00:01:41] Quentin's career journey and the founding of Modo Energy
[00:04:15] The potential and capabilities of grid-scale batteries
[00:06:13] Challenges and complexities of battery storage optimization
[00:09:45] Market dynamics and the impact of renewables on battery storage
[00:16:44] Entrepreneurial journey during Winter Storm Uri
[00:19:01] Growth and focus areas of Modo Energy's forecasting services
[00:21:07] Adapting from UK to US energy markets and regulatory complexities
[00:23:54] Expansion plans and the decision to move to Texas
[00:31:21] Lessons from the UK energy market and future vision for Modo Energy
[00:35:34] Accelerating the energy transition and the role of proven technologies
[00:42:26] Importance of human capital and educational initiatives at Modo Energy
[00:50:09] Long-term vision for Modo Energy and hiring opportunities
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Gabel Associates
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Saknas det avsnitt?
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In this episode of Know Power, hosts Mike and Noha sit down with John Berger, CEO and founder of Sunnova. They delve into John's extensive career in the power industry, exploring the evolution of Sunnova from its inception to its current state, boasting over 400,000 customers. John shares his insights on the heavily regulated U.S. power industry, the need for consumer choice, and the transformative potential of solar, battery storage, and software technologies. The conversation also touches on the challenges and opportunities in the current energy landscape, highlighting the importance of innovation and regulatory reform for a sustainable energy future.
Guest bio: Mr. Berger founded Sunnova in 2012 and has since then served as Chief Executive Officer, President and Chairman of the Board. With more than two decades of experience in the electric power industry, Mr. Berger is an energy entrepreneur who has always supported free market competition, consumer choice and the advancement of energy technology to power energy independence. Before Sunnova, Mr. Berger served as Founder and Chief Executive Officer at SunCap Financial, a residential solar service provider. He also founded Standard Renewable Energy, a provider and installer of renewable energy and energy-efficient products and services. Mr. Berger received his Masters of Business Administration from Harvard Business School and graduated cum laude from Texas A&M University with a Bachelor of Science degree in civil engineering.
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[00:00:19] John's background and career evolution
[00:01:15] Transition to solar and energy storage focus
[00:02:04] Experience at FERC and insights on regulation
[00:03:00] Discussion on government regulation in the power industry
[00:04:48] Impact of deregulation and consumer choice
[00:06:27] Sunnova's energy-as-a-service model
[00:07:41] Trends in power demand and technology
[00:09:01] Implications of AI and data centers on power demand
[00:09:59] Challenges faced by utilities and ISOs
[00:10:28] Consumer benefits of Sunnova's services
[00:12:19] Flexibility and pricing in Texas
[00:13:40] Regulatory complexities in Texas
[00:14:06] Cost implications of regulation on solar
[00:14:54] Policy and market conditions in California
[00:16:07] Consumer choice and capitalism in energy
[00:17:31] Reliability and investment issues in Texas
[00:18:33] Sunnova's approach to aggregation and reliability
[00:19:42] Puerto Rico as a model for innovation
[00:20:25] Future vision of the power industry
[00:22:15] Aging infrastructure and investment needs
[00:23:11] Wholesale power prices and market signals
[00:24:34] Customer value proposition and market adaptation
[00:26:13] The future of energy and Sunnova's role
[00:27:14] Technological advancements and market trends
[00:29:16] Regulatory overhaul and consumer empowerment
[00:30:42] Grassroots movement and consumer demand
[00:32:31] Predictions for the energy industry by 2050
[00:35:22] Comparing U.S. energy models to other countries
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In this episode of Know Power, Noha and Mike sit down with Christina Hayes, Executive Director for Americans for a Clean Energy Grid. They unravel the complexities of the energy grid, focusing on the evolution of transmission systems, the implications of recent policy changes, and the urgent need for a robust, high-capacity transmission infrastructure to meet the nation's energy demands. Christina shares her journey from her roots in Oregon to her pivotal role in shaping energy policy and infrastructure on a national scale.
Guest bio: Christina Hayes is the Executive Director of Americans for a Clean Energy Grid. She previously served as Vice President of Federal Regulatory Affairs at Berkshire Hathaway Energy, advising Midwestern and Western utilities in navigating FERC, NERC, and other federal agencies. Prior to joining BHE, Christina spent nearly a decade at the Federal Energy Regulatory Commission, serving as an attorney and advisor to Chairman Wellinghoff. A native Oregonian, Christina has also served as an administrative law judge at the Public Utility Commission of Oregon.
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[00:01:14] Christina Hayes’ background and career path
[00:02:08] Discussion on energy's universal impact
[00:03:31] Christina’s journey from Oregon to FERC and beyond
[00:04:59] Early career influences and legislative work
[00:06:55] The effect of Order 888 and Order 1000 on transmission development
[00:12:15] The need for adaptation and ongoing adjustments in energy policy
[00:13:57] Emerging needs and the inevitable investment in transmission
[00:20:57] FERC's efforts in improving state-level coordination for transmission projects
[00:26:15] State policies and their impact on energy planning
[00:28:09] Interregional coordination and the concept of "Big Wires"
[00:36:08] The economic impact of transmission systems
[00:42:47] Challenges and solutions in planning, permitting, and paying for transmission
[00:47:58] Tax credits and incentives for transmission development
[00:55:26] Transmission infrastructure and future planning
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Gabel Associates
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In this episode of Know Power, Noha and Mike speak with Pat Wood, a pivotal figure in transforming energy markets through regulatory innovation. With a distinguished career spanning leadership roles at the Public Utility Commission of Texas and the Federal Energy Regulatory Commission, Wood brings a unique perspective on energy policy, market design, and the balance between regulation and innovation. Caitlin Smith, representing Jupiter Power, joins as a co-host, contributing insights from the renewable energy sector.
Guest bio:
Pat Wood III is the past Chairman of the Federal Energy Regulatory Commission (FERC) and of the Public Utility Commission of Texas (PUCT). The son of a small businessman, Pat has been a forceful advocate throughout his career for robust infrastructure and for customer-centered, technology-unleashing competition.
Today, as CEO of the Hunt Energy Network, Pat and his team are shaping the dependable, decarbonized, democratized, decentralized, diverse and digitalized future of the power grid. By the end of 2028, the team expects to have an 1100 MW portfolio of distributed batteries and peaking generation assets attached to the Texas power grid.
Pat has served as a director of a number of public energy companies: independent power producer Dynegy (Board chairman); solar pioneer SunPower (lead independent director), modular nuclear generation (NuScale) sponsor Spring Valley Acquisition Corp., natural gas producer Memorial Resource Development, and infrastructure contractor Quanta Services. Pat is chairman of the board of Luma Energy, overseeing the Quanta-ATCO joint venture to rebuild and operate the Puerto Rico utility system.
Pat holds a B.S. degree (civil engineering) from Texas A&M University and a J.D. from Harvard Law School. He, and his wife, Kathleen, are raising four sons, and there is never a dull moment.
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[00:02:05] Pat Wood's origins in the energy sector, from Port Arthur to FERC
[00:03:27] Transitioning gas utilities to competitive markets, drawing parallels to electricity
[00:04:30] Market design and the unfinished business of standardization
[00:06:16] The complexity of implementing a standard market design across diverse regions
[00:07:31] Efforts in renewable energy integration and the role of competitive markets
[00:10:05] The dynamic interplay between state and federal energy regulations
[00:18:32] Discussion on grid constraints and integrating new generation resources
[00:22:43] The potential of demand response and distributed energy resources in grid management
[00:27:41] Future outlook on infrastructure development and renewable energy support
[00:34:18] The socio-economic impacts of energy policy and infrastructure development
[00:38:05] Examining successful renewable energy projects and key takeaways
[00:42:22] Technological advancements and their implications for energy storage and distribution
[00:45:37] Strategies for enhancing grid reliability in the face of growing energy demands
[00:49:08] Global energy trends influencing domestic energy policies
[00:53:17] The importance of consumer education in energy conservation and choice
[01:02:09] Energy innovation and the collaborative effort towards a sustainable energy future
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In today's episode, we're joined by a seasoned expert, David Applebaum of The Hawthorne Group. We will unpack the challenges of implementing renewable projects and the political campaigns that sometimes need to accompany them. David will share why developers must adopt a campaign-style approach to successfully engage with various communities and stakeholders, especially amidst the diverse local regulations and concerns. We’ll touch on the power of traditional outreach methods, such as town meetings and door knocking, and new-school strategies, like social media, to engage communities effectively. Michael will explore renewables' real impacts on local economies and landscapes, acknowledging the concerns and emphasizing the benefits. At the same time, Noha will highlight developers' crucial role in respecting and engaging with communities to foster project success.
Guest bio: David has nearly four decades of experience as a political and policy strategist with deep experience in state and local issues management in the public and private sectors and working with Regional Transmission Organizations in the Northeastern U.S. and Canada. In the private sector, David was Director of Business Development for Ballard Generation Systems, a subsidiary of Vancouver-based fuel cell developer Ballard Power Systems; Vice President for Government and Community Relations for New York-based independent power company Sithe Energies, Inc.; and most recently retired as Senior Director of Regulatory & Political Affairs at NextEra Energy Resources, LLC, the world’s leading producer of electricity from the wind and sun and a world leader in energy storage. During his 22-year tenure with both NextEra Energy Resources and Sithe Energies, David was responsible for managing legislative, regulatory, and community matters at the state and local levels, as well as representing the companies at the Regional Transmission Organizations covering New York, PJM, New England and Ontario.
[00:02:32] Community-level power project strategies
[00:06:55] Renewable energy development and community engagement progress
[00:10:40] Successful engagement strategies for renewable energy developers in rural communities
[00:19:25] Progress in renewable energy development in Southwest Power Pool regions
[00:24:18] Strategies for successful renewable energy project campaigning
[00:28:50] Challenges developers face with the power of new media tools
[00:32:44] The importance of upfront community analysis for renewable energy developers
[00:36:32] Tailoring renewable energy project strategies to community concerns
[00:40:33] The organic nature of opposition to renewable projects, not driven by big money
[00:49:19] Local considerations in renewable energy project development
[00:52:35] Lessons from fracking for renewable energy development
[00:56:59] Advocating for a campaign mindset in renewable energy development
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Gabel Associates
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On this episode of Know Power, we sit down with Caitlin Smith, Vice President, Policy & Corporate Communications for Jupiter Power to unravel the mysteries of energy storage growth in the markets today.
Discover the implications of recent events like the Texas Freeze and gain insights into batteries on the grid, real-time data, market design, and the complex issue of contract revenues in the energy market. This episode is an exciting journey into technology, regulation, and the future trajectory of our grid.
In today’s episode we discuss ERCOT’s Independent Market Monitor (IMM). To clarify, Caitlin used to be the attorney at ERCOT’s IMM.
Guest bio: Caitlin Smith, Vice President of Policy and Corporate Communications for Jupiter Power, is an energy professional with thirteen years of experience in electricity market policy, regulatory and government affairs. For the last ten years, she has focused on electricity market design and has worked both as an advocate for policies that enhance competitive energy markets and as an advisor on the commercial and financial impacts of energy policy. In her current role, Caitlin has responsibility over Jupiter Power's policy positions related to the commercial operations of utility scale energy-storage in power markets throughout North America and leads the company’s corporate communications and public relations.
Caitlin has specific in-depth experience with the ERCOT market and was the first in-house counsel for the Independent Market Monitor to ERCOT. She is the current Vice Chair of ERCOT’s Technical Advisory Committee, the highest committee comprised of stakeholders, which makes recommendations to the ERCOT Board. She founded the Texas Energy Storage Coalition and is an active advocate in front of the Texas Public Utility Commission and the Texas Legislature.
Caitlin is dedicated to promoting women in energy and policy and has been active in volunteering with the Gulf Coast Power Association’s EmPOWERing Women Program, with the Women of Renewable Energy and Sustainable Industries, and as a contributor to Pink Granite, a network and foundation that promotes women in policy and politics in Texas. Caitlin founded Jupiter Power’s Women’s Professional Development Initiative in 2022.
Caitlin holds a Bachelor of the Arts in Economics from the University of Texas, a Juris Doctor from Pennsylvania State University and a Master of Laws in Environmental & Natural Resource Law and Policy from the University of Denver.
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[00:00:45] Overview of Caitlin’s background
[00:01:06] Caitlin's instrumental role in shaping Texas's energy market
[00:02:28] Jupiter Power's focus on utility-scale battery energy storage and their project pipeline
[00:03:21] Caitlin's career trajectory and her extensive experience in the energy sector
[00:09:16] ERCOT's energy-only market structure
[00:12:17] The rapid development and integration of battery storage technology in ERCOT
[00:14:36] Impact of the Inflation Reduction Act on Jupiter Power and energy storage development
[00:17:36] Winter storm Yuri and its implications
[00:30:52] Regulatory and political fallout post-Yuri in Texas's energy market
[00:37:27] Texas's standalone energy model versus interconnection with neighboring grids
[00:46:41] Operational characteristics and challenges of modeling energy storage
[00:50:00] ERCOT's standalone model and the benefits and drawbacks of interconnection
[00:53:06] Predictions for the future of the energy market and grid evolution
[00:59:34] Significant events and developments in ERCOT since the initial recording
[01:16:02] The relationship between energy storage, market design, and regulatory frameworks
[01:30:03] Need for improved collaboration between state and...
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On this episode of Know Power, we welcome Abe Silverman, our special guest. Abe delves into the world of energy and power, focusing on MISO, the largest US-integrated market ISO RTO, and its challenges with transmission constraints. We also explore the nascent offshore wind industry, the role of regional transmission organizations, and Abe's program for clean energy. Abe shares insights on New Jersey's offshore wind progress and the importance of efficient transmission planning. Join us as we discuss the significance of investing in the transmission system for decarbonization, reliability, and cost reduction, all while transcending political divisions. Don't miss this episode as we unravel the intricacies of transmission infrastructure and its role in the clean energy transition on Know Power!
Guest bio: Abe Silverman is a clean energy advocate who believes that achieving clean energy goals is not solely dependent on technological innovations. With a focus on the period between now and 2030, Abe has been working on identifying the non-technical aspects of the clean energy transition that can accelerate progress. Instead of relying on new technologies, Abe emphasizes the importance of deploying existing solutions on a large scale. In his new program, he aims to prioritize short-term goals that do not require major breakthroughs and pave the way toward a cleaner energy future.
He joined the Center as the Director of the Non-Technical Barriers to the Clean Energy Transition initiative. The Non-Technical Barriers initiative is designed to identify major legal and regulatory bottlenecks to the clean energy transition and then provide state and federal policy makers pragmatic solutions to address those challenges. Major focus areas include Legal and Regulatory Barriers at the state and federal level, Market Rules and Economic Incentives, and Social Acceptance & Just Deployment of Infrastructure. Before joining the Center, Abe served at the New Jersey Board of Public Utilities as the General Counsel and Executive Policy Counsel. Abe’s portfolio included developing offshore wind, solar, electric vehicle, energy storage, and interconnection reform programs, along with quantifying and managing ratepayer impacts of the clean energy transition. Abe also led the State’s engagement with PJM Interconnection, the regional grid operator for New Jersey, on topics such as implementing New Jersey’s first-in-the-nation offshore wind transmission solicitation, resource adequacy, clean energy market design, and transmission policy.
[00:02:09] Overview of Abe’s professional background
[00:10:12] Policies and regulations delaying the transition to clean energy
[00:12:15] Siding, transmission, and affordability for clean energy transition
[00:19:19] Offshore wind industry in early stages. Value beyond cost is considered for success
[00:27:34] Offshore wind has been around for a while. Learn from past experiences to overcome barriers. New Jersey is building offshore wind infrastructure
[00:33:48] Clean energy transmission is caught up in political debates in the US. More transmission leads to a reliable grid and lower prices. Investing in clean energy promotes energy independence
[00:38:05] MISO is a large market for energy
[00:44:10] Reliability is important; ERCOT lacks transfer capability
[00:49:24] Electric industry must prioritize justice in infrastructure implementation.
[00:59:24] Efficient ways to achieve social and environmental goals
[01:01:04] Regulators balance markets and political considerations
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In today's episode, we have a special guest joining us, JC Kneale, who is here to discuss traditional clearing models and the role of a clearing house. Not only does JC bring a wealth of knowledge on this topic, but he also owns and operates multiple clearing houses themselves. Get ready to learn about the key players in traditional clearing models and how they facilitate transactions between individuals and companies. JC will also shed light on the changing dynamics of the solar power industry, including the challenges of generating power at night. We'll also explore the exciting developments in the global gas market and its impact on energy trading.
Guest bio: JC Kneale is a visionary entrepreneur who revolutionized the energy market in the late 90s. With a background in building power plants, JC recognized the need for transparent prices and timely information in the industry. He took it upon himself to digitize and democratize the market, making prices accessible to as many people as possible. Starting from scratch, JC initially funded the project himself, managing the operation from his checkbook. Beta versions were rolled out to selected US electricity and natural gas customers as the project gained momentum. The overwhelmingly positive response led to exponential growth for the business. With the launch taking place in March, JC and his small team quickly expanded their customer base and established a prominent presence in the market. JC's forward-thinking approach and dedication to transparency have forever transformed the energy industry, earning him a reputation as an influential figure.
[00:01:33] How Intercontinental Exchange (ICE) evolved from power trading to globally running futures and equities markets
[00:09:06] Intercontinental Exchange acts as a neutral platform, facilitating secure transactions between buyers and sellers through clearing houses
[00:12:50] ICE provides a transparent trading platform, vetted by clearing members, ensuring all parties are financially secure
[00:15:51] How ICE and ISOs operate symbiotically, each providing unique services that foster market confidence and efficiency in energy trading
[00:21:01] Why energy transitions demand market adaptation for changing investment needs and risk management
[00:24:57] Why Balancing renewables and traditional sources is critical for investor confidence and market stability
[00:30:59] How futures markets like ICE extend investment horizons
[00:40:22] Efficiency and transparency in energy markets are becoming more international, affecting both gas and electricity prices
[00:48:10] ICE's future is customer-driven, with potential expansion into environmental products and freight
[00:57:12] If JC could wave a magic wand to remove one challenge, what would that challenge be
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On this episode of Know Power, Rob Gramlich discusses various aspects related to the renewable energy sector. He points out that residential rates in the Southeast are higher in four or five key states, and the idea that everything is working fine outside the RTOs is not true. Despite the Standard Market Design not working due to politics and lobbying, FERC nominees who would mandate RTOs are not favored by the Senate Energy Committee. Rob also emphasizes the need for a step-by-step approach towards a voluntary RTO development approach, citing SPP's successful model of operating the system and receiving 90% of their energy from renewables. The podcast highlights the importance of understanding rate pancaking in transitioning to cleaner, renewable resources, and the integration of utilities under a single RTO umbrella to create a more efficient pathway for moving power around the grid. He also discusses the potential for transmission infrastructure in different regions, both centralized and regional, and the need for renewables to support increased demands in load. The episode concludes with policymakers and Congress needing to encourage interregional transmission planning, which is a great investment with huge savings, and the idea of minimum transmission transfer being discussed by the President's negotiators.
Guest bio: Rob Gramlich is President of Grid Strategies LLC, a Washington DC-based consultancy focused on transmission and power markets for a reliable, affordable, and sustainable power system. He co-founded Americans for a Clean Energy Grid, Working for Advanced Transmission Technologies (WATT Coalition), Advancing Modern Powerlines, the Macro Grid Initiative, and the Future Power Markets Forum. Rob has been invited to testify by both parties before Congress, FERC, and state agencies. He has earned awards from FERC as Exemplar of Public Service, the Energy Systems Integration Group for contributions to market design and transmission planning, The Hill Magazine for lobbying, and the American Wind Energy Association for Technical Achievement.
Rob previously oversaw transmission and power market policy for the American Wind Energy Association as SVP and Interim CEO, served as Economic Advisor to FERC Chairman Pat Wood III, and was Senior Economist at PJM Interconnection.
Rob has a Master of Public Policy (MPP) degree from UC Berkeley and a BA with Honors in Economics from Colby College.
[00:02:49] Joining FERC in 1995, Rob played a role in restructuring the energy industry
[00:04:18] FERC embraced market-oriented policy, nationalized by Energy Policy Act, standardized electricity markets
[00:06:01] Markets have changed a lot in 20 years, but some regions are still behind
[00:10:07] Slow progress in Southeast, faster in West
[00:11:50] Renewables driving regionalization through RTO proposals
[00:18:31] California ISO proposes enhanced day ahead market (Edam), SPP offers Markets Plus
[00:22:54] Slow RTO development, step by step approach.
[00:26:02] RTOs enable efficient power transfer, cost savings, and enhanced reliability
[00:29:44] Inter-regional transmission crucial for power reliability
[00:33:34] Transmission investment is crucial for a modern and robust grid, but funding remains a challenge
[00:37:06] Gates' initiatives and the Inflation Reduction Act provide incentives for transmission and renewable technologies
[00:41:17] Advocating for choice in clean energy markets
[00:44:34] Promoting competition, clean energy, and regional planning for a more efficient system
[00:47:54] Regional markets will expand with transmission growth
[00:52:32] Closing thoughts
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Welcome back to Know Power, the podcast where we explore the latest developments and innovations in the world of renewable energy and power. In today's episode, we are diving into the fascinating world of energy storage solutions. Our guest, Robert Piconi, will take us on a journey through the clean energy transition, sharing insights on the deployment of renewable energy and the importance of power energy storage in countries like China. We'll uncover the role of gravity- and non-lithium-based technology in energy storage, and how companies like Energy Vault are spearheading the charge. Piconi will also shed light on the rapid growth of his company, the challenges faced during the COVID-19 pandemic, and explore the increasing interest in clean energy and ESG investments. Along the way, we'll discover the crucial role of green hydrogen in the clean energy transition, and how it's being utilized to power cities during planned or unplanned shutdowns. So buckle up and get ready to expand your knowledge on the power of energy storage, in this enlightening episode of Know Power.
Guest bio: Robert Piconi has had a fascinating journey in the energy industry. He began his career working for traditional and integrated oil companies, including the prominent Amaco before its merger with British Petroleum. Starting in the energy sector, Robert witnessed the mindset that prevailed at the time, with the belief that any problem could be solved as long as oil prices remained below $20 a barrel. However, his path took an unexpected turn, leading him back to the world of renewable energy. Throughout his career, Robert has seen the industry undergo significant changes. He experienced the transition from a heavily fossil fuel-centric approach to a growing emphasis on renewable sources. This shift sparked his interest, and he recognized the potential for renewable energy to make a lasting impact. Today, with oil prices soaring above $90 a barrel, Robert's decision to venture into the renewable energy sector has proved prescient. His unique journey highlights his adaptability and forward-thinking nature. He has exemplified the ability to navigate through evolving landscapes and find opportunities for growth. Robert's experiences in both traditional and renewable energy sectors have given him a well-rounded perspective, making him a valuable asset in today's ever-changing and environmentally conscious world. As the energy industry continues to evolve, Robert is dedicated to driving change and contributing to a sustainable future.
[00:02:11] Robert’s career evolution to date
[00:04:00] Urgency, economics, and sustainability
[00:06:38] The carbon footprint of concrete fabrication
[00:10:00] Struggles in light of COVID-19
[00:14:09] 10% incentive for serving energy communities, 45X advanced manufacturing production credit, green hydrogen project with PG&E.
[00:16:32] Innovations needed for power storage outside of lithium-ion
[00:20:15] Quick market growth, investor support, and industry shifts
[00:27:31] The state of R&D investment in new technology worldwide
[00:30:04] Importance of carbon capture technology and decarbonization efforts
[00:36:24] Global markets addressed with unique software-based technologies
[00:40:44] How leadership impacts employee experience & company culture
[00:42:56] An emphasis on inclusion and transparency
[00:48:36] Natural gas used for multi-day power storage
[00:50:52] Public utility approvals obtained for California project
[00:53:17] “Microgrids” as backup for military bases and data centers
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On this episode of Know Power, we delve into the complex world of solar panel manufacturing and the challenges faced by the global solar industry. From the impact of trade wars on the solar supply chain to the need for onshoring processes, we discuss the urgent need for a comprehensive discussion around establishing a transmission policy in the US. We also explore the challenges of long-term planning for procurement and why the Inflation Reduction Act has been a game changer for the renewable energy industry. Our guest for this episode is the Vice President of Regulatory Affairs at Pine Gate, Brett White, who provides insights into the company's growth and expansion plans, as well as their in-depth knowledge of federal agency engagement, RTO engagement in wholesale markets, and international trade. Join us as we explore the nuances of onshoring solar supply chains and the opportunities it presents for American jobs and communities.
Guest bio: Brett focuses on Pine Gate’s activities in the wholesale electricity markets as well as matters before the Federal Energy Regulatory Commission (FERC). He previously spent several years in private practice representing regional transmission organizations and investor-owned utilities before FERC and the federal courts.
Before his time in private practice, Brett served as an Attorney-Advisor in FERC’s office of general counsel. He was also the director of federal regulatory affairs for the Edison Electric Institute. Brett is a graduate of the Vermont Law School, where he served as Editor-in-Chief of the Vermont Law Review, and of Appalachian State University. He is a resident of Washington, D.C.
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[00:02:33] An overview of Pine Gate: A utility-scale solar developer and operator
[00:04:11] His responsibilities as the Vice President of Regulatory Affairs
[00:05:34] Tariff issues impact the solar industry, shifting imports and trade dynamics
[00:07:10] Anti-dumping and 201 tariffs impact the solar industry, targeting specific countries and all imports
[00:09:36] Tariffs create uncertainty, affecting procurement decisions and long-term planning
[00:12:21] Inflation Reduction Act (IRA) positively impacts businesses with extended tax credits
[00:16:21] Tax equity financing incentivizes investment in renewable projects with low-cost capital
[00:20:48] Investments in domestic manufacturing create jobs and drive the energy transition
[00:23:48] IRA incentivizes onshoring of solar supply chains to reduce reliance on China
[00:28:01] The timeline for onshoring the solar supply chain is influenced by several factors
[00:35:04] Navigating policy discussions for responsible onshoring of solar supply chain
[00:36:05] Energy community adder brings complexities and uncertainties regarding project eligibility and timelines
[00:42:17] The future for Pine Gate is promising, with opportunities for growth, innovation, and success
[00:46:34] What Brett’s ideal energy future looks like
[00:50:43] Balancing domestic manufacturing goals with immediate project deployment challenges
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On this episode of Know Power, Patrick Currier speaks with us about the challenges of addressing negative environmental impacts on communities with less political and economic power. We discuss the need for reducing CO2 emissions in the power, transportation, and industrial sectors, and the potential for technological advancements like fusion power. We also address the politicization of energy and offer ways to appeal to different political constituents. Patrick touches on the importance of upgrading old energy infrastructure and the challenges of implementing large-scale transmission projects. Finally, he addresses the concerns of communities that have relied on traditional energy resources like coal and oil, and the need to transition towards more sustainable options while supporting those affected by the shift.
Guest bio: Patrick Currier is a long-time energy and environmental climate lawyer based in Washington D.C., with extensive experience in administrative law and regulatory work for federal agencies. He started his career in private practice before moving to Capitol Hill, where he served as senior energy counsel for Chairman Fred Upton. While on the Hill, he became exposed to emerging technologies in the energy transition, which later became his catalyst for opening his own practice, helping clean energy and infrastructure clients navigate the policy and regulatory landscape in D.C. He now focuses on consulting, lobbying, and advocacy work for clients in the clean energy and advanced energy systems space. Patrick is particularly excited about the clean hydrogen space and the work being done there.
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[00:02:32] His early career path from energy lawyer to Capitol Hill staffer
[00:07:45] CO2 reduction in power, transport, and manufacturing
[00:10:12] Why certainty and proof of concept are key for success in markets
[00:12:23] Why engineers need to get involved in politics
[00:16:14] Transitioning from old to new energy
[00:20:45] The cost-effectiveness of hydrogen
[00:25:32] Why reliability is key when selling energy
[00:27:37] Energy bill passed with significant permitting reform
[00:30:53] Transmission build-out needs replacement
[00:35:34] Political and regulatory barriers to fusion power
[00:38:16] Finger-pointing in light of the politicized Texas storm deaths
[00:42:01] Environmental injustices due to industrial pollution
[00:45:12] How widespread willingness to go green is thwarted by political and corporate influence
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Noha Sidhom
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Gabel Associates
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On this episode of Know Power, Suedeen Kelly discusses various topics related to the energy sector, including stimulating demand for clean energy through community solar developments and state contracts with offshore wind developers. She also highlights the challenges of increasing the percentage of renewable energy on the grid and the need for backup generation when renewable sources drop. Additionally, she shares insights on the challenges of fitting new technologies like distributed generation into existing markets and the potential for reinvestment of infrastructure in communities through payments in lieu of taxes and other revenue streams. Lastly, she delves into the incentives available for investment in hydrogen and the challenges of storage and elasticity in how storage works. Tune in for an informative discussion on the current state and future of the energy sector.
Guest bio: Suedeen Kelly is a private practice attorney who represents clients across the energy, electricity, and new fuels sectors. She is well-versed in the Inflation Reduction Act and often represents clients in hydrogen and carbon capture. Kelly also works with clients in natural gas and sustainable aviation fuels sectors. Representing startups, entrepreneurs, independent developers, utilities, investors, and Native American governments, Kelly has a unique perspective on the energy transition. Her client base covers all facets of the electricity landscape, including tech platforms and renewables, and she advocates for a cleaner energy future.
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[00:00:50] Suedeen Kelly’s role as a leader in clean energy
[00:06:45] Challenges for sustainable business and investments
[00:10:03] How distributed generation can integrate small energy sources efficiently
[00:14:26] Power markets’ shift towards green energy sources
[00:16:23] California’s unified advantage relative to other major regions in the US
[00:20:56] How power markets optimize for supply and demand but not consumer choice
[00:23:44] Why some states are using contracts to promote clean energy
[00:28:36] Native American communities partnering in energy projects
[00:34:50] Tax incentives and funding for infrastructure projects
[00:37:11] Hydrogen offers potential, with incentives available
[00:41:17] Congress struggles with energy policy diversity
[00:46:45] Power reliability challenges that come with the implementation of renewables
[00:51:29] Pumped hydro storage as a good backup option
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Gabel Associates
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On this episode of Know Power, we explore the role of states and companies in driving environmental change, as well as the growing opportunities in the energy market. We discuss how California's regulatory framework and bad air quality led to the creation of Tesla, and how New Jersey's renewable portfolio standard advanced the solar market. We also delve into the challenges of making environmental discussions accessible and bringing more diverse voices into the conversation. Additionally, we explore the potential of energy storage, vehicle-to-grid technology, and electrification of transportation to create a more dynamic and resilient energy system. Lastly, we analyze the changing landscape of the automotive and energy industries, including the increasing diversification of oil companies and the importance of strategic alliances. Tune in to learn more about the complex and exciting world of energy and environmental policy.
Guest bio: Pamela Frank is a seasoned expert in the energy industry, having been involved since the early 1990s. She is highly regarded for her knowledge of renewable energy, and has become a leading voice in the transition away from fossil fuels. Pamela is a dynamic and engaging personality, known for her wit and humor in interviews and conversations. In her work at Gable Associates, she tackles pressing issues such as the electrification of vehicles and the transformation of energy companies from oil-focused entities to broader energy providers. Pamela is an invaluable source of information and insight, and a true industry leader.
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[00:02:22] How her diverse background led her to chasing carbon
[00:05:06] The bumpy road to clean energy adoption
[00:10:57] Electric car rental models to accelerate growth
[00:15:17] How car manufacturers can become big players in clean energy
[00:17:55] Electrification and hydrogen diversification strategies
[00:22:05] How state governments drive environmental regulatory changes and innovation
[00:26:35] The problem of power outage and unreliability
[00:28:28] Energy storage through vehicle-to-grid technology explained
[00:33:18] California solar surplus used for car charging
[00:39:17] Why aggregators are key to animating resources
[00:43:12] Regulators like control, but the market proposes solutions
[00:45:43] Inclusive rooms need accessible language and representation
[00:49:19] PJM publishing emissions rates
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On this episode of Know Power, we explore the complexities of the energy industry and its ongoing transition toward renewables. Travis Kavulla, a public policy expert, shares his insights on the challenges facing the industry, including political tension between state jurisdictions and the need for nimble market structures that facilitate entry and exit of legacy assets. We also discuss the role of integrated resource planning, the reliance on neighboring regions for resource adequacy, and the potential impact of new regulations. Additionally, we delve into the challenges of retail markets and the need for pricing transmission and distribution costs in a time-varying way to ensure efficient network pricing. Finally, we discuss the Retail Energy Advancement League's efforts to improve retail competition in the energy industry and promote reform to maintain appropriate standards of conduct. Join us as we explore the shifting landscape of the energy industry and the challenges and opportunities it presents.
Guest bio: Travis Kavulla is a former state regulatory commissioner who was elected to the office at the age of 26. With his early career experience in utility regulation, Travis went on to head up a think-tank synergy program at the R Street Institute before joining NRG. During his time serving on the Montana Commission, he played a role in getting Western Energy and Balance markets started and regional transmission planning out West. Now leading a team of around 20 people at NRG, Travis is involved in both wholesale and retail markets across North America.
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[00:03:43] Learning the ropes of regulatory policy
[00:10:02] Retail Energy Advancement League raises the retail bar
[00:17:27] 75% of customers have smart meters, but rates are not smart yet
[00:25:22] Interdependence in energy market leading to tensions between entities
[00:30:43] The dynamic nature of the energy industry leading to challenges in execution
[00:37:23] How the Eastern market, Western market, and Texas differ
[00:42:15] The need for incentives for reliable energy delivery
[00:47:40] ERCOT facing a resource adequacy issue
[00:54:11] How transmission investment and flattened demand curves save money
[00:58:11] Limited energy consumer choice impeding progress
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Noha Sidhom
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Gabel Associates
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On this inaugural episode of Know Power, Manu Asthana, an expert in the energy space, discusses his role as a member of PJM and how he's been helping with the organization's big energy transition. With a diverse array of backgrounds and capacities within the organization's scope, Manu is at the forefront of a growing concern regarding renewable energy, and PJM is confident it can benefit its customers if they handle the transition correctly. The transition isn't without its challenges, and Manu explains the roadblocks he's run into, particularly with regulatory standards and new technology. He also talks about how PJM is dealing with the issue of diversity, whether it's a more significant asset or if a single state system would be preferable. Finally, Manu emphasizes the importance of addressing the people left behind by industrialization and being open to ideas on how to address this issue.
Guest bio: Manu Asthana is the CEO of PJM, a regional transmission organization that manages the power grid for approximately 65 million Americans in 13 states and the District of Columbia. With over 1400 generators under its management, PJM directs the operation of the transmission system and generation through the power of competitive markets, ensuring efficient operation and forward planning. Manu's leadership has enabled PJM to manage the power grid effectively using cutting-edge technology and competitive market strategies.
[00:04:26] PJM's CEO on finding purpose in the energy transition
[00:08:34] Transition to renewables: urgency and opportunities ahead
[00:16:24] Diversity in the PJM footprint: a significant advantage
[00:19:56] Why transmission is a key component for reliable and diverse energy
[00:23:06] Upgrading grid infrastructure for renewable energy
[00:29:11] How PJM handles the intricacies connecting homes to power grid
[00:33:57] Designing a fairer society through better power distribution practices
[00:43:24] Geopolitics, energy security, and climate change policies
[00:48:13] The future of work: embracing rapid innovation
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Noha Sidhom
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Whether we realize it or not, we’re all participants in the global energy economy. The simple act of flipping on a light switch triggers an incredible, coordinated effort to move power from generators across a nationally coordinated transmission grid to our homes, schools, and offices. The need for energy is innate to us as humans and agnostic to things like race, wealth, social status, or political affiliation. The energy industry is not. It’s inherently political, incredibly complicated, and chock full of confusing jargon and super-complex math that can be intimidating for even the most wonky among us. But does it have to be this way? No. We don't think so.
If your looking for a simple, straightforward, down-the-middle conversation about all things energy, you’ve come to the right place. Welcome to the Know Power Podcast. This season will bring together leaders from across the energy spectrum.
Learn more and stay up to date at KnowPowerShow.com
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Noha Sidhom
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