The BRIDGE Linking Engin Ee Ring and Soci E T Y

Total Page:16

File Type:pdf, Size:1020Kb

The BRIDGE Linking Engin Ee Ring and Soci E T Y Spring 2010 THE ELECTRICITY GRID The BRIDGE LINKING ENGIN ee RING AND SOCI E TY The Impact of Renewable Resources on the Performance and Reliability of the Electricity Grid Vijay Vittal Securing the Electricity Grid S. Massoud Amin New Products and Services for the Electric Power Industry Clark W. Gellings Energy Independence: Can the U.S. Finally Get It Right? John F. Caskey Educating the Workforce for the Modern Electric Power System: University–Industry Collaboration B. Don Russell The Smart Grid: A Bridge between Emerging Technologies, Society, and the Environment Richard E. Schuler Promoting the technological welfare of the nation by marshalling the knowledge and insights of eminent members of the engineering profession. The BRIDGE NatiOnaL AcaDemY OF Engineering Irwin M. Jacobs, Chair Charles M. Vest, President Maxine L. Savitz, Vice President Thomas F. Budinger, Home Secretary George Bugliarello, Foreign Secretary C.D. (Dan) Mote Jr., Treasurer Editor in Chief (interim): George Bugliarello Managing Editor: Carol R. Arenberg Production Assistant: Penelope Gibbs The Bridge (ISSN 0737-6278) is published quarterly by the National Aca- demy of Engineering, 2101 Constitution Avenue, N.W., Washington, DC 20418. Periodicals postage paid at Washington, DC. Vol. 40, No. 1, Spring 2010 Postmaster: Send address changes to The Bridge, 2101 Constitution Avenue, N.W., Washington, DC 20418. Papers are presented in The Bridge on the basis of general interest and time- liness. They reflect the views of the authors and not necessarily the position of the National Academy of Engineering. The Bridge is printed on recycled paper. © 2010 by the National Academy of Sciences. All rights reserved. A complete copy of The Bridge is available in PDF format at http://www.nae.edu/TheBridge. Some of the articles in this issue are also available as HTML documents and may contain links to related sources of information, multimedia files, or other content. The Volume 40, Number 1 • Spring 2010 BRIDGE LINKING ENGIN ee RING AND SOCI E TY Editor’s Note 3 Modernizing and Protecting the Electricity Grid Alan Crane Features 5 The Impact of Renewable Resources on the Performance and Reliability of the Electricity Grid Vijay Vittal Renewable power sources will necessitate advances in the planning and operation of the electric grid. 13 Securing the Electricity Grid S. Massoud Amin The threat of terrorism and other attacks raises profound dilemmas for the electric power industry. 21 New Products and Services for the Electric Power Industry Clark W. Gellings The electricity network of the future will combine power systems, telecommunications, the Internet, and electronic commerce. 29 Energy Independence: Can the U.S. Finally Get It Right? John F. Caskey The United States may finally be moving toward greater energy independence. 35 Educating the Workforce for the Modern Electric Power System: University–Industry Collaboration B. Don Russell The shortage of engineers with experience in emerging technologies has reached crisis proportions. 42 The Smart Grid: A Bridge between Emerging Technologies, Society, and the Environment Richard E. Schuler Electricity networks bridge the gaps between the technological and biological networks on which societies depend. NAE News and Notes 50 Class of 2010 Elected 55 NAE Newsmakers (continued on next page) The BRIDGE 58 NAE Website to Feature Ethics Column 58 Randy Atkins Wins IEEE-USA Award 59 2009 Japan-America Frontiers of Engineering Symposium 60 Mirzayan and CASEE Fellows 61 A Message from NAE Vice President Maxine L. Savitz 63 National Academy of Engineering 2009 Private Contributions 70 Calendar of Events 71 In Memoriam 72 Publications of Interest The National Academy of Sciences is a private, nonprofit, self- The Institute of Medicine was established in 1970 by the National perpetuating society of distinguished scholars engaged in scientific Acad­my of Sciences to secure the services of eminent members of and engineering research, dedicated to the furtherance of science and appropriate professions in the examination of policy matters pertaining technology and to their use for the general welfare. Upon the author- to the health of the public. The Institute acts under the responsibility ity of the charter granted to it by the Congress in 1863, the Academy given to the National Academy of Sciences by its congressional char- has a mandate that requires it to advise the federal government on ter to be an adviser to the federal government and, upon its own scientific and technical matters. Dr. Ralph J. Cicerone is president of the initiative, to identify issues of medical care, research, and education. National Academy of Sciences. Dr. Harvey V. Fineberg is president of the Institute of Medicine. The National Academy of Engineering was established in 1964, The National Research Council was organized by the National under the charter of the National Academy of Sciences, as a parallel Academy of Sciences in 1916 to associate the broad community of organization of outstanding engineers. It is autonomous in its adminis- science and technology with the Academy’s purposes of furthering tration and in the selection of its members, sharing with the National knowledge and advising the federal government. Functioning in Academy of Sciences the responsibility for advising the federal gov- accordance with general policies determined by the Academy, the ernment. The National Academy of Engineering also sponsors engi- Council has become the principal operating agency of both the neering programs aimed at meeting national needs, encourages edu- National Academy of Sciences and the National Academy of Engi- cation and research, and recognizes the superior achievements of neering in providing services to the government, the public, and the engineers. Charles M. Vest is president of the National Academy scientific and engineering communities. The Council is administered of Engineering. jointly by both Academies and the Institute of Medicine. Dr. Ralph J. Cicerone and Charles M. Vest are chair and vice chair, respectively, of the National Research Council. www.national-academies.org Fall 2006 3 Editor’s Note some cases, public opposition delays or stops the con- struction of new lines, which may stretch for hundreds of miles and cross many jurisdictions (NAS, NAE, and NRC, 2009). These issues can and are being addressed. Of greater concern for the future are problems associated with (1) the integration of intermittent renewable resources, such as wind and solar power, and (2) disruptions caused by terrorism or natural disasters. Serious problems will have to be overcome for wind Alan T. Crane and solar electric power to become a large part of the generating capacity of a region, because both provide Modernizing and Protecting the only intermittent power, that is, they operate only when conditions are favorable. Thus the power level Electricity Grid can ramp down rapidly when the wind dies down or the The United States is served by an extraordinarily sun disappears. complex and effective electric system. The three major But electricity has to be supplied continuously. parts of the system—generation, transmission, and dis- Therefore, not only must fast-reacting backup capacity tribution—work together to bring reliable and afford- be available, but the grid has to be able to adapt rap- able electricity to virtually everyone in America, thus idly to changing conditions. Vijay Vittal discusses the providing a service that is essential to the nation’s secu- impact of intermittent renewables on the grid and how rity and well-being. the grid can be modified to handle them. More than 40 percent of all energy consumed in this Terrorism or massive natural disasters could inflict country is used to generate electricity. Electric power considerable damage on critical components of the is generated from a variety of energy sources wherever grid. The physical damage they could do has long been it is convenient and economical and then transmitted understood. However, cyber attacks have received con- to users wherever they may be. The high-voltage trans- siderable attention only recently. The increasing sophis- mission system links generating stations with the lower- tication and ability of hackers and saboteurs to disrupt voltage distribution systems that deliver power to users. service is the subject of an article by S. Massoud Amin. The focus of the articles in this issue is on the trans- Modernizing the grid will go a long way toward mission and distribution (T&D) system, which has been addressing these concerns, as well as toward relieving called the world’s largest “machine” and is part of the congestion. Clark Gellings reviews the main candidates greatest engineering achievement of the 20th century for further development. He also explains how increas- (NAE, 2003). ing dependence on electricity could actually reduce Although the system as a whole has worked very well emissions of carbon dioxide. up to now, it could be even more economical and reli- Modernizing the grid will require installing modern able. Furthermore, strains on the system are increas- equipment. John Caskey asks where that equipment ing for several reasons, and evolving requirements will will be manufactured. If it is imported, as much electri- create even more pressure. As demand for transmis- cal equipment is these days, our vulnerability to foreign sion services increases, competition and the search disruptions could be increased. Large power transform- for cheaper power have led to independent power ers, which are all imported now, are a particular concern, generation far from load centers. At the same time, and the world’s production capacity is quite limited. investment in transmission has lagged, in part because Another potential constraint on modernizing the structural changes in the industry have failed to reward grid, or even just operating it efficiently, is the loom- new investments. For the same reason, aging equip- ing scarcity of electrical engineers who are educated and ment is not being replaced as rapidly as it should be. In have the experience to operate this massively complex The 4 BRIDGE system.
Recommended publications
  • Comparative Review of a Dozen National Energy Plans: Focus on Renewable and Efficient Energy
    Technical Report A Comparative Review of a Dozen NREL/TP-6A2-45046 National Energy Plans: Focus on March 2009 Renewable and Efficient Energy Jeffrey Logan and Ted L. James Technical Report A Comparative Review of a Dozen NREL/TP-6A2-45046 National Energy Plans: Focus on March 2009 Renewable and Efficient Energy Jeffrey Logan and Ted L. James Prepared under Task No. SAO7.9C50 National Renewable Energy Laboratory 1617 Cole Boulevard, Golden, Colorado 80401-3393 303-275-3000 • www.nrel.gov NREL is a national laboratory of the U.S. Department of Energy Office of Energy Efficiency and Renewable Energy Operated by the Alliance for Sustainable Energy, LLC Contract No. DE-AC36-08-GO28308 NOTICE This report was prepared as an account of work sponsored by an agency of the United States government. Neither the United States government nor any agency thereof, nor any of their employees, makes any warranty, express or implied, or assumes any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, apparatus, product, or process disclosed, or represents that its use would not infringe privately owned rights. Reference herein to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise does not necessarily constitute or imply its endorsement, recommendation, or favoring by the United States government or any agency thereof. The views and opinions of authors expressed herein do not necessarily state or reflect those of the United States government or any agency thereof. Available electronically at http://www.osti.gov/bridge Available for a processing fee to U.S.
    [Show full text]
  • “The Future Is Open” for Composition Studies: a New
    THE FLORIDA STATE UNIVERSITY COLLEGE OF ARTS AND SCIENCES “THE FUTURE IS OPEN” FOR COMPOSITION STUDIES: A NEW INTELLECTUAL PROPERTY MODEL IN THE DIGITAL AGE By CHARLES LOWE A Dissertation submitted to the Department of English in partial fulfillment of the requirements for the degree of Doctor of Philosophy Degree Awarded Summer Semester, 2006 Copyright © 2006 Charles Lowe All Rights Reserved The members of the committee approve the dissertation of Charles Lowe defended on May 25, 2006. ______________________________ John Fenstermaker Professor Directing Dissertation ______________________________ Ernest Rehder Outside Committee Member ______________________________ Eric Walker Committee Member ______________________________ Deborah Coxwell-Teague Committee Member Approved: ______________________________ Hunt Hawkins, Chair, Department of English The Office of Graduate Studies has verified and approved the above named committee members. ii This text is dedicated to Wendy Bishop, John Lovas, Candace Spigelman, and Richard Straub, four teachers and researchers in the field of composition studies with whom it was my pleasure to work. I only wish I could have the opportunity again. iii TABLE OF CONTENTS ABSTRACT...............................................................................................................................vi INTRODUCTION.......................................................................................................................1 The Future Is Open.............................................................................................................
    [Show full text]
  • The Internet Archive: an Interview with Brewster Kahle Brewster Kahle and Ana Parejo Vadillo
    The Internet Archive: An Interview with Brewster Kahle Brewster Kahle and Ana Parejo Vadillo Rumour has it that one of the candidates for Librarian of Congress is Brewster Kahle, the founder and director of the non-profit digital library Internet Archive.1 That he may be considered for the post is a testament to Kahle’s commitment to mass digitization, the cornerstone of modern librarianship. A visionary of the digital preservation of knowledge and an outspo- ken advocate of the open access movement (the memorial for the Internet activist Aaron Swartz was held at the Internet Archive’s headquarters in San Francisco), Kahle has been part of the many ventures that have created our cyber age. At MIT, he was on the project team of Thinking Machines, a precursor of the World Wide Web. In 1989 he created WAIS (Wide Area Information Server), the first electronic publishing system, which was designed to search and make information available. He left Thinking Machines to focus on his newly founded company, WAIS, Inc., which was sold to AOL two years later for a reported $15 million. In 1996 he co- founded Alexa Internet, which was built on the principles of collecting Web traffic data and analysis.2 The company was named after the Library of Alexandria, the largest repository of knowledge in the ancient world, to highlight the potential of the Internet to become such a custodian. It was sold for c. $250 million in stock to Amazon, which uses it for data mining. Alongside Alexa Internet, in 1996 Kahle founded the Internet Archive to archive Web culture (Fig.
    [Show full text]
  • The Culture of Wikipedia
    Good Faith Collaboration: The Culture of Wikipedia Good Faith Collaboration The Culture of Wikipedia Joseph Michael Reagle Jr. Foreword by Lawrence Lessig The MIT Press, Cambridge, MA. Web edition, Copyright © 2011 by Joseph Michael Reagle Jr. CC-NC-SA 3.0 Purchase at Amazon.com | Barnes and Noble | IndieBound | MIT Press Wikipedia's style of collaborative production has been lauded, lambasted, and satirized. Despite unease over its implications for the character (and quality) of knowledge, Wikipedia has brought us closer than ever to a realization of the centuries-old Author Bio & Research Blog pursuit of a universal encyclopedia. Good Faith Collaboration: The Culture of Wikipedia is a rich ethnographic portrayal of Wikipedia's historical roots, collaborative culture, and much debated legacy. Foreword Preface to the Web Edition Praise for Good Faith Collaboration Preface Extended Table of Contents "Reagle offers a compelling case that Wikipedia's most fascinating and unprecedented aspect isn't the encyclopedia itself — rather, it's the collaborative culture that underpins it: brawling, self-reflexive, funny, serious, and full-tilt committed to the 1. Nazis and Norms project, even if it means setting aside personal differences. Reagle's position as a scholar and a member of the community 2. The Pursuit of the Universal makes him uniquely situated to describe this culture." —Cory Doctorow , Boing Boing Encyclopedia "Reagle provides ample data regarding the everyday practices and cultural norms of the community which collaborates to 3. Good Faith Collaboration produce Wikipedia. His rich research and nuanced appreciation of the complexities of cultural digital media research are 4. The Puzzle of Openness well presented.
    [Show full text]
  • Jacobson and Delucchi (2009) Electricity Transport Heat/Cool 100% WWS All New Energy: 2030
    Energy Policy 39 (2011) 1154–1169 Contents lists available at ScienceDirect Energy Policy journal homepage: www.elsevier.com/locate/enpol Providing all global energy with wind, water, and solar power, Part I: Technologies, energy resources, quantities and areas of infrastructure, and materials Mark Z. Jacobson a,n, Mark A. Delucchi b,1 a Department of Civil and Environmental Engineering, Stanford University, Stanford, CA 94305-4020, USA b Institute of Transportation Studies, University of California at Davis, Davis, CA 95616, USA article info abstract Article history: Climate change, pollution, and energy insecurity are among the greatest problems of our time. Addressing Received 3 September 2010 them requires major changes in our energy infrastructure. Here, we analyze the feasibility of providing Accepted 22 November 2010 worldwide energy for all purposes (electric power, transportation, heating/cooling, etc.) from wind, Available online 30 December 2010 water, and sunlight (WWS). In Part I, we discuss WWS energy system characteristics, current and future Keywords: energy demand, availability of WWS resources, numbers of WWS devices, and area and material Wind power requirements. In Part II, we address variability, economics, and policy of WWS energy. We estimate that Solar power 3,800,000 5 MW wind turbines, 49,000 300 MW concentrated solar plants, 40,000 300 MW solar Water power PV power plants, 1.7 billion 3 kW rooftop PV systems, 5350 100 MW geothermal power plants, 270 new 1300 MW hydroelectric power plants, 720,000 0.75 MW wave devices, and 490,000 1 MW tidal turbines can power a 2030 WWS world that uses electricity and electrolytic hydrogen for all purposes.
    [Show full text]
  • SLA Silicon Valley
    Home Discussion List About Us » Leadership » Events » Members » Career » Documents » Sponsorship » Site Map Archive | Chapter Events RSS feed for this section 2017 Holiday Party Posted on November 14, 2017. The holidays are quickly approaching, which means it’s time for our annual holiday party! This year, we are pulling out all the stops, so be sure to join us for an evening of fun and festivities. Ticket price includes dinner, dessert, and two drink tickets. When: 5:30-8pm, Tuesday, Dec 12 Where: Xanh, a modern Vietnamese restaurant located at 110 Castro St, in Mountain View. How: Pre-pay for admission here: Event has concluded We look forward to seeing you then! Posted in Chapter Events, EventsComments Off on 2017 Holiday Party SLA SF/SLA SV Joint Dinner Program Posted on August 24, 2017. The San Francisco Bay Region and the Silicon Valley Chapters jointly present a dinner program… Developing Your Cultural Intelligence In The Workplace: What It Is and Why It Matters Presented by Dr. Michele A. L. Villagran, President and CEO of CulturalCo, LLC. Our workplaces are becoming more diverse than ever with a range of cultures, including ethic, national, generational, and organizational. Do you want to learn how to develop and apply cultural intelligence at your organization? How can you improve your effectiveness when working with culturally diverse colleagues and clients? Dr. Villagran will share with us how we can use Cultural Intelligence to address these concerns. Tuesday, September 19, 2017 Fattoria e Mare 1095 Rollins Road Burlingame, CA 94010 Schedule: 5:30pm Check in/networking 6:00pm Dinner 6:45pm Introductions 7:00pm Speaker presentation 8:30pm Closing remarks Registration Cost: $30 SLA Member $40 Non- SLA Member $20 Student/Retired/Unemployed ————————————————— Please RSVP to Heather Heen ([email protected]) by September 15th, by sending her your name, email address, and company affiliation.
    [Show full text]
  • The Federal Computer Commission, 84 N.C
    NORTH CAROLINA LAW REVIEW Volume 84 | Number 1 Article 3 12-1-2005 The edeF ral Computer Commission Kevin Werbach Follow this and additional works at: http://scholarship.law.unc.edu/nclr Part of the Law Commons Recommended Citation Kevin Werbach, The Federal Computer Commission, 84 N.C. L. Rev. 1 (2005). Available at: http://scholarship.law.unc.edu/nclr/vol84/iss1/3 This Article is brought to you for free and open access by Carolina Law Scholarship Repository. It has been accepted for inclusion in North Carolina Law Review by an authorized administrator of Carolina Law Scholarship Repository. For more information, please contact [email protected]. THE FEDERAL COMPUTER COMMISSION KEVIN WERBACH* The conventional wisdom that the computer industry thrives in the absence of government regulation is wrong. Federal Communications Commission ("FCC") rules touch every personal computer ever made. Over the last quarter-century, the FCC has steadily increasedits influence over personalcomputing devices and applications. Perhaps surprisingly, though, the "Federal Computer Commission" has largely been a positive force in the technology sector. Regulators are now poised to take several actions that could shape the future of the Internet and the computer industry. In this environment, exposing the Federal Computer Commission provides a foundation for reasoned policy approaches. The fate of a dynamic and important set of industries should not be decided under the influence of a myth. INTRODU CTION ....................................................................................... 2 I. FEAR AND LOATHING .............................................................. 8 II. FCC COMPUTER REGULATION: PAST AND PRESENT ............. 14 A. Computers Invade the Phone Network ............................ 16 1. The Battle Over Terminal Attachments .................... 16 2. The Computer Inquiries and Open Network A rchitecture ................................................................
    [Show full text]
  • Tentechnologiesforpubliclibrar
    10 TECHNOLOGY RESOURCES FOR PUBLIC LIBRARIANS Kathryn Brockmeier, Jodi Rethmeier, Lisa Sewell, and Kirsten Yates School of Information Science & Technologies, University of Missouri Emerging Technologies, 9410 Seminar in Information Science and Learning Technology, Fall 2015 This publication is meant to be inspiration for public library staff who are looking for ways to bring technology tools to their staff and patrons. We have attempted to compile some of the most accessible technologies that can be used with a variety of budgets and levels of experience. On the Ground – For Library Users Ancestry.com Library Edition http://www.ancestry.com/cs/us/institution#library-edition According to GenealogyInTime Magazine, it’s possible that one out of forty members of a family is researching family history (“How Popular Is Genealogy?” n.d.). That totals 7.9 million Americans. Ancestry.com is an online family history research collection of billions of digitized and indexed historical records. This resource provides access to millions of historical photos, billions of historical documents, plus local narratives, oral histories, indexes and other resources in over 30,000 databases that span from the 1500s to the 2000s. Ancestry Library Edition, distributed exclusively by ProQuest, is the institutional subscription available to libraries. If one- fortieth of your local population could use Ancestry.com, after cost-analysis, it may be worth the price of a subscription. Canva https://www.canva.com/ If one doesn’t have access to expensive graphic design software, Canva is a freemium application that tailors the user experience by work, personal, or education, to create stunning posters, social media graphic posts, cards, letterheads, wallpapers, flyers, invitations, and more.
    [Show full text]
  • Louis Round Wilson Academy Formed Inaugural Meeting Held in Chapel Hill
    $1.5 million bequest to benefit SILS technology Inside this Issue Dean’s Message ....................................... 2 Dr. William H. and Vonna K. Graves have pledged a gift of $1.5 Faculty News ............................................. 8 million to the School of Information and Library Science (SILS). The Honor Roll of Donors ........................... 13 bequest, SILS’ largest to date, is intended to enhance the School’s Student News ..........................................18 technology programs and services. See page 3. Alumni News ...........................................23 SCHOOL OF INFORMATION AND LIBRARY SCIENCE @ The SCHOOL of INFORMATION and LIBRARY SCIENCE • TheCarolina UNIVERSITY of NORTH CAROLINA at CHAPEL HILL Spring 2006 http://sils.unc.edu Number 67 Louis Round Wilson Academy Formed Inaugural meeting held in Chapel Hill Citizens around “Our faculty, and the world are becoming the faculty of every more aware that they leading University often need a trusted in the world, real- guide to help sort and izes that the role of substantiate the infor- the 21st and 22nd mation they require. century knowledge Faculty members at the professional must be School of Information carefully shaped,” and Library Science said Dr. José-Marie (SILS) agree that Griffiths, dean leading institutions are of SILS and the obliged to review and Lippert Photography Photo by Tom founding chair of design anew roles and Members of the Louis Round Wilson Academy and the University of North Carolina at Chapel Hill’s School the Louis Round models for Knowledge Pro- of Information and Library Science faculty following the formal induction ceremony in the rotunda of Wilson Academy. the Rare Books Room of the Louis Round Wilson Library.
    [Show full text]
  • Battle Mountain RMP Scoping Report
    US Department of the Interior Bureau of Land Management Battle Mountain District Office, Nevada Resource Management Plan and Environmental Impact Statement SCOPING SUMMARY REPORT JULY 2011 TABLE OF CONTENTS Section Page SUMMARY .................................................................................................................................. S-1 1. INTRODUCTION ............................................................................................................ 1-1 1.1 Purpose of and Need for the Resource Management Plan ................................................ 1-1 1.2 Description of the RMP Planning Area .................................................................................... 1-2 1.3 Overview of Public Involvement Process ............................................................................... 1-4 1.4 Description of the Scoping Process ......................................................................................... 1-5 1.4.1 Newsletter and Mailing List ......................................................................................... 1-5 1.4.2 Press Release .................................................................................................................. 1-5 1.4.3 Project Website ............................................................................................................. 1-6 1.4.4 Scoping Open Houses .................................................................................................. 1-6 1.4.5 Notice of Intent ............................................................................................................
    [Show full text]
  • Alternative & Renewable Energy
    Alternatives_Cover_Jan2009:Layout 1 1/6/2009 9:43 AM Page 1 Equity Research Industry Report January 2009 Alternative & Renewable Energy Down…But Not Out 10 Reasons We Remain Long-Term Bulls Financing Renewables in a Post-Credit Crunch World Playing the Consolidation Theme Kick-Start 2009 with Free Development Pipelines A Solar Shakeout Is Inevitable Utilities – Ben Isaacson, MBA, CFA – (416) 945-5310 Alternative & Renewable Energy For Reg AC Certification and important disclosures see Appendix A of this report. Down…But Not Out January 2009 Contents Down… 4 …But Not Out 5 Stock Recommendations 6 Sector Outperforms 6 Sector Underperforms 6 The Rest of the Pack 7 Why Renewable Power Stocks Were Down 70% in 2008 10 Global Energy Complex Worth Materially Less 10 Weak Credit and Equity Markets 12 10 Reasons We Remain Long-Term Bulls 15 Renewable Portfolio Standards Keep Growing 15 The Failed Kyoto Protocol Requires a Successor Program by 2012 15 Renewable Power Capital Costs Should Start to Flatten Shortly 16 The Implementation of Carbon-Pricing Mechanisms Are Accelerating 17 Long-Term Global Demand for Limited Fossil Fuels Continues to Rise 17 Increased Transmission to Accommodate Renewables Is Evolving 18 Political Support Continues to Strengthen for Alternative Energy 19 Energy Security and Independence Remain a Strong Societal Concern 19 Renewable Subsidy and Incentive Growth Remain Intact 20 Weak Credit and Equity Markets will Eventually Recover 20 Financing Renewables in a Post-Credit Crunch World 21 Renewable Power Project Capital
    [Show full text]
  • The Pickens Plan
    The Pickens Plan Tuesday, January 6, 2009 James A. Baker III Hall Rice University The Energy Forum of the James A. Baker III Institute for Public Policy in conjunction with the Energy & Environmental Systems Institute, the Richard E. Smalley Institute for Nanoscale Science and Technology and the Center for the Study of Environment and Society at Rice University Introduction The Honorable Edward P. Djerejian Founding Director, Baker Institute for Public Policy Presentation The Pickens Plan with T. Boone Pickens Founder, Chairman and CEO BP Capital, L.P. Tuesday, January 6, 2009 4:00 pm Doré Commons James A. Baker III Hall Rice University T. Boone Pickens Founder, Chairman and CEO BP Capital, L.P. T. Boone Pickens — founder, chairman and CEO of BP Capital, L.P. — is principally responsible for the formulation of the energy futures investment strategy of the BP Capital Commodity Fund and the BP Capital Equity Fund. BP Capital manages one of the nation’s most successful energy-oriented investment funds. Pickens frequently uses his wealth of experience in the oil and gas industry to evaluate of potential equity investments and energy sector themes. A generous philanthropist, he has given away almost $500 million. In 2006, he contributed $175 million to a wide range of causes and the formation of the T. Boone Pickens Foundation, which supports educational programs, medical research, athletics and corporate wellness, at-risk youth, the entrepreneurial process, and conservation and wildlife initiatives. Pickens started his career at Phillips Petroleum Co. in Bartlesville, Okla. Three-and-a-half-years later, he struck out on his own as an independent geologist.
    [Show full text]