3.03 On Delivering Financial Returns for Energy Storage and Microgrids with Amy Simpkins featuring Laura Novak
3.03 On Delivering Financial Returns for Energy Storage and Microgrids with Amy Simpkins featuring Laura Novak
3.03 On Delivering Financial Returns for Energy Storage and Microgrids with Amy Simpkins featuring Laura Novak
In this episode, Laura and Amy discuss the energy storage and microgrid landscape, with a peek behind the curtain as Amy Simpkins finally answers her own questions as CEO of muGrid Analytics and microgrid architect.
Fresh from the RE+ 2023 conference, Amy and Laura explore the gap between the marketing around battery systems as solved science versus how much more research is truly necessary. Amy explains why 15 years of industry experience led to muGrid’s transition from strictly energy consultants to software vendors, tackling the current chasm between actual economic results delivered and how much more is possible, as well as why the financials are vital.
According to Amy, “The intelligent economic decisions are critical for any kind of battery technology and that is something that gets lost.”
Quotes - all by Amy Simpkins
“The entire value proposition of an energy storage system is in its control, in its decision making piece.”
"No matter which element on the periodic table you are using, you still have to intelligently command the battery to work and make intelligent decisions that will deliver financial results from your battery.”
"In order to actually deploy energy storage and associated hybrid systems, they have to generate revenue."
“We’ve made the transition from consultants who said what could be possible to a product vendor who says we can DO this. It’s not just probable, it’s possible, and we’re doing it.”
About
As co-founder and CEO at muGrid Analytics, Amy Simpkins solves wicked problems at the intersection of energy technology and economics using math and modeling. muGrid provides bankable techno-economic analysis, optimized control, and project development of renewable energy, energy storage, and microgrids to maximize economic return, increase energy resilience, and promote energy equity in the US and around the world.
Amy is also an internationally recognized speaker on innovation and iterative development for entrepreneurs. She is the author of Spiral: A Catalyst for Innovation and Expansion and host of the Power Flow Podcast, which amplifies diverse voices in the energy revolution.
Prior to muGrid, Amy designed and operated spacecraft as a Systems Engineer with Lockheed Martin. Her technical expertise includes system and software architecture, system-level performance modeling, and design tradespace analysis. Amy holds an MS in Astronautical Engineering from the University of Southern California and an SB in Aeronautics and Astronautics from the Massachusetts Institute of Technology.
Connect with Amy on LinkedIn.
Check out muGrid’s website.
Connect with muGrid Analytics on LinkedIn or Facebook.
If you enjoyed the conversation, please share the episode with other innovators. Leave us a positive review and subscribe to Power Flow on Apple podcasts, Spotify, or wherever you listen to podcasts. Check out our awesome merch! And hey, we’re new, so you can even apply to be a sponsor or a guest.
You can follow Power Flow Podcast on LinkedIn, Instagram, and Facebook.
Thank you for listening. See you at the whiteboard!
From The Podcast
Power Flow
The energy revolution is coming, and it's all hands on deck. Amplifying the expertise of the leaders in the new energy economy and inviting diverse voices to the table, we'll talk solar power, battery storage and battery alternatives, microgrids, renewable energy, distributed energy architectures, energy policy, energy equity, and all things energy. I'm your host, Amy Simpkins, renewable energy CEO (and Rocket Scientist) and I am passionate about creating sustainable change. I believe that access to electricity is no longer a luxury -- it's a human right. I'm driven by the desire to leave this world better than I found it. I believe in the power of collaboration -- that innovation doesn't happen in a vacuum. And innovation is the only way our planet will survive. Recent natural disaster events impacting access to power, like the Texas Power Crisis during the winter storms of 2021 or the raging California wildfires of 2018-2020, combined with concern over anticipated future events, like a Cascadia Subduction Zone earthquake in Oregon, have elevated conversations about resilience, independence, and sustainability to new, more urgent heights. If we are truly going to meet the challenges to the energy revolution and to achieve these ideals, we need to bring all minds to the whiteboard. That’s why Power Flow Podcast was born. I've always worked in male-dominated environments. Yet, the more I engage with women, the more I witness very different approaches to innovation, problem solving, and solution implementation. We possess a treasure trove in untapped riches of expertise from female, non-binary, and BIPOC professionals, all relentlessly working to make this new energy future a reality, yet too often unseen and unheard. What does that future look like? Solving the challenges we face in the energy industry can solve intersectional problems for Earth and its residents. A shift from fossil fuels to renewables not only increases sustainability -- an important component of slowing and reversing climate change -- it will also reduce pollution near low-income or racially diverse neighborhoods. A shift to distributed energy improves community resilience through microgrids and minigrids. Community resilience and distributed energy lead to energy equity - ensuring access to clean, reliable energy for all. I began my career in aerospace - yes, as an actual rocket scientist - believing that technical and scientific advancement through the exploration of space would be the ultimate way to change the world. After 10 years of designing, modeling, integrating, and flying spacecraft, I began looking for ways to have a more direct and powerful impact. When I co-founded renewable energy startup muGrid Analytics with my partner, it used all of my gifts and skills from my entire career to do good in the world. The thing is, I see the world as a set of linkages. I can see how everything is connected in a complex web of synergy and interdependence. The further I explored the energy economy, the more I could see its far-reaching impacts for individuals, for the people, for the planet. Join me in a deep dive exploring the solutions clean energy can offer to our earth as we bring more voices to the microphone and more minds to the whiteboard, shining a spotlight on new ideas and perspectives, tapping into the vast expertise and intersectional thinking that's already here. As we thoughtfully consider the tremendous challenges of the energy revolution, we can collaborate to achieve sustainability, equity, and resilience. It’s time to amplify new ideas that can help us innovate more efficiently, with better outcomes, harmonizing the threads of collaboration so we can build the future together. Find us at http://powerflowpodcast.comJoin Podchaser to...
- Rate podcasts and episodes
- Follow podcasts and creators
- Create podcast and episode lists
- & much more
Episode Tags
Claim and edit this page to your liking.
Unlock more with Podchaser Pro
- Audience Insights
- Contact Information
- Demographics
- Charts
- Sponsor History
- and More!
- Account
- Register
- Log In
- Find Friends
- Resources
- Help Center
- Blog
- API
Podchaser is the ultimate destination for podcast data, search, and discovery. Learn More
- © 2024 Podchaser, Inc.
- Privacy Policy
- Terms of Service
- Contact Us