Electric Market Forum Speakers - Thursday, Sept. 7, 2017
Randal K. Quarles
Managing Partner ‐ The Cynosure Group
& Former Treasury Undersecretary for Domestic Finance (2005-2007)
Randal Quarles is founder and managing partner of The Cynosure Group, a private investment firm, bringing together the resources of a number of the country's most significant family offices to make long-term equity investments in private companies across a range of industries. Before founding Cynosure, Mr. Quarles was a long-time partner of The Carlyle Group, where he began the firm's program of investments in the financial services industry during the financial crisis, as well as the development of specifically tailored managed accounts of private equity investments for the firm's largest investors.
Mr. Quarles has been a close advisor to every Republican Treasury Secretary for the last 25 years, most recently serving as Under Secretary of the Treasury for Domestic Finance in the Bush Administration and before that as Assistant Secretary of the Treasury for International Affairs and U.S. Executive Director of the IMF. Earlier in his career he was a partner with the law firm of Davis Polk & Wardwell, in their New York and London offices, where he was cohead of their financial institutions group and advised on some of the largest financial sector mergers ever completed.
Challenges and Opportunities in the U.S. Economy
Partner ‐ Energy+Environmental Economics (E3)
Arne Olson helps clients navigate changes to bulk electric system operations and investment needs brought about by aggressive government policies promoting clean and renewable energy production. He has consulted extensively for utilities, electricity system operators, asset owners, project developers, electricity consumers, and regulators. In 2013 he led the technical analysis and drafting of the landmark report, Investigating a Higher Renewables Portfolio Standard for California, prepared for the five largest utilities in California, documenting the challenges of and solutions for achieving a 50 percent renewable grid in California by 2030.
Arne has 25 years of experience in energy analysis, and he is a frequent speaker at energy conferences on the role renewable energy will play in decarbonizing the grid. Prior to joining E3 in 2002, he served for six years in the Energy Policy Division of the Washington State Energy Office and its successor agencies.
Education: MS, international energy management and policy, University of Pennsylvania and the Institut Français du Pétrole; BS, statistics, and BS, mathematical sciences, University of Washington
RPS in California
Dr. Masood Parvania
Assistant Professor | Elect & Computer Engineering ‐ The University of Utah
Masood Parvania received the B.Sc. degree from the Iran University of Science and Technology, in 2007, and the M.Sc. and the Ph.D. degrees from the Sharif University of Technology, in 2009 and 2013, respectively, all in electrical engineering.
He is currently an Assistant Professor of Electrical and Computer Engineering with the University of Utah. Previously, he was a Postdoctoral Scholar with the Arizona State University (2015), and the University of California Davis (2014), affiliated with the center for Trustworthy Cyber Infrastructure for the Power Grid (TCIPG). In 2012-2013, he was a Research Associate with the Robert W. Galvin Center for Electricity Innovation at the Illinois Institute of Technology.
His research interests are on the applications of mathematical optimization methods, calculus of variations, and scientific computing to the operation and planning of interdependent critical infrastructure, cyber-physical power and energy systems, and modeling and integration of distributed renewable energy resources.
Dr. Parvania is an Associate Editor of the IEEE Transactions on Smart Grid. He is the Chair of the IEEE Power and Energy Society (PES) Utah Chapter, Chair of the IEEE PES Task Force on Reliability Impacts of Demand Response Integration, and the Secretary of the IEEE PES Reliability, Risk and Probability Application (RRPA) Subcommittee. He is a member of the IEEE and INFORMS.
Challenges and Solutions for Demand Response Integration into Power Market Operations
Manager, Energy Storage Systems ‐ LS Power
Cody Hill is the Energy Storage Manager at LS Power Development, an independent company that develops, owns, operates and invests in power generation and electric transmission infrastructure, having developed or acquired over 32,000 MW of assets throughout the United States. He is a Board Member for the California Energy Storage Alliance, and has been working in energy storage since 2010, previously as a Power Systems and Controls Engineer at Xtreme Power. He has worked on pioneering megawatt scale storage projects in Alaska, Canada, Texas, Colorado, PJM, and four Hawaiian Islands. Mr. Hill has a Master's degree in Electrical Engineering from the University of Texas at Austin, and a BS in Electrical and Computer Engineering from the University of Missouri - Kansas City.
The Rise of Utility-Scale Storage: Past, Present, Future
A revolution in energy storage technology has taken place in the last 10 years. Maturing technology and declining costs have combined to move energy storage in the electricity system from the realm of grant-funded science projects to economic assets improving reliability and participating 24/7 in wholesale energy and ancillary service markets. This presentation will present the key markets, projects, and applications that have gotten the storage industry to where we are today. We will then turn to the immediate future to discuss the challenges that market designers, technologists, and developers must overcome in the next few years for the benefits of storage to truly achieve scale and widespread use.
Applied Market Forecasting Speakers - Friday, Sept. 8, 2017
Todd Levin, Ph.D.
Energy Systems Engineer ‐ Argonne National Laboratory
Dr. Todd Levin is an Energy Systems Engineer in the Center for Energy, Environmental and Economic Systems Analysis at Argonne National Laboratory. His research interests focus on utilizing advanced optimization and simulation methodologies to model complex interactions in electricity markets and quantify the implications of domestic energy policies and regulations. He is currently involved in several studies that examine how markets for electricity and ancillary services can evolve to support renewable integration, short-term system reliability, and long-term resource sufficiency. He also maintains a strong interest in international energy development, examining optimal centralized and decentralized rural electrification strategies as well as a range of global energy and water security issues. Dr. Levin holds a B.A. in Physics from Northwestern University and a Ph.D. in Industrial Engineering from the Georgia Institute of Technology.
Modeling Ancillary Services with AURORA
Executive Consultant ‐ Levitan & Associates
Alex Mattfolk is an Executive Consultant for Levitan & Associates, a Boston-based energy management consulting firm specializing in resource planning, procurement logistics, and wholesale market design. He leads electric market simulation projects using AURORA that meet a diverse menu of client objectives. Alex has forecasted energy revenues of conventional and renewable energy resources for investors and developers, renewable project market and greenhouse gas impacts for utilities and state agencies, and gas demands for regional transmission organizations and policy makers. These modeling efforts have been used to support expert witness testimony before state commissions, to guide selection of more than 800 MW of renewable power in competitive procurements, and to inform federal energy policy in the Quadrennial Energy Review.
In addition to simulation modeling, Alex has estimated socioeconomic impacts of proposed generation facilities using IMPLAN, analyzed natural gas tariff provisions affecting gas-fired generation, and reviewed applicant testimony supporting several utility mergers. He has submitted testimony before the New York Public Service Commission, published an article in North American Wind Power, and presented at Harvard University. Alex received his B.S. in Chemical Engineering from the Massachusetts Institute of Technology and completed a minor in economics.
Modeling Battery Storage in AURORA: An ISO-NE Case Study
Relative to other energy products, electricity production suffers from limited existing storage capability, other than pumped storage and pondable hydro. With advanced energy storage technologies growing more cost-effective, state renewable portfolio standard incenting more variable generation capacity, and emissions standards limiting the use of conventional dispatchable generation, advanced energy storage technology is now ready to play an integral role in meeting grid reliability goals in evolving wholesale energy markets. In this presentation, LAI will explore how increased energy storage capacity would impact the ISO-NE market under varying system mixes and storage use parameters. AURORA's new storage features will be used to simulate the operational and market effects associated with storage technology.