Energy Modeling Foundations
The electricity industry produces one quarter of the world’s CO2 emissions and attracts hundreds of billions of dollars in capital expenditure every year. The business of power is undergoing rapid change. Fracking, renewables, and (possibly) batteries threaten incumbent coal and nuclear generators, and at the grid’s edge, a slew of new technologies are empowering consumers to use electricity more cheaply and responsibly. Examine the financial factors that determine what kinds of power plants we build, retire, and “dispatch” around the world. The central question for investors is how to make money while contributing to an energy transition. In this course, learn to apply fundamental concepts from economics and finance to the power industry. We will use basic math in every class, continuously “running the numbers” to deepen our understanding of revenues, costs, subsidies, and externalities for different fuel sources under different policy regimes.
COURSE TOPICS:
- Global power markets
- Power modeling applications
- Cash flow modeling for power plants
- Asset valuation
- Fundamental and financial modeling of power generation assets
- Modeling renewable, gas, and coal economics
- Battery dispatch optimization
- Gas markets
You'll Walk Away with
- The ability to apply fundamental concepts from economics and finance to the power industry
- Knowledge of the financial factors that determine what kinds of power plants are built, retired, and “dispatched” around the world
- A better understanding of how power industry investors can make money while contributing to an energy transition
Ideal for
- Investors in the energy sector
- Professionals in the energy industry
NO open sections available for this course at the moment. Please check back next semester.