Michael’s Background


Burning fossil fuels (coal, natural gas, oil) supplies most of the energy in the industrial economies. The use of this chemical energy in economic production is one of the key characteristics of the industrial nations. The use of non-human and non-animal energy is so important to industrial societies that energy, itself, is now an additional factor of production. This was not explicitly observed in the pre-industrial era. Energy must now be added as a fourth factor to the three classical factors of economic production; land, labor and capital. Because energy is a factor of production in industrial society, its production and its use is complicated.

Source: Stavy, Michael, The Effect That the Kyoto Protocol Will Have on the Cost of Wind Power in the Signatory Countries, Global WindPower 2002 Conference, 2-5 April, Paris, France   

  • Advisor (30 years) on renewable energy finance
  • Experience with standard financial metrics and analyses (NPV, IRR, DCF, LC, GAAP, and EBITDA models)
  • BA–University of Illinois at Chicago (1967). Michael took math through differential equations and one year of both physics and chemistry.
  • MBA–Kellogg (Northwestern) Graduate School of Management, Full-Time Program, (1969) 
  • CPA–Illinois (1979–inactive)
  • CPA–Registered Illinois (1980-1986) 
  • E-3-(Clerk-Typist), USAR 308th Civil Affairs Group (1968-74). The mission of the 308th CA Grp was to do area studies of Scandinavia.
  • Private Résumé (CV) is available if you are considering Michael for a work assignment. Email him ( michael@michaelstavy.com ) with your proposed work assignment and he will decide whether to email you a copy of his Private Résumé (CV) 
  • Alternatively, read his Open Access Résumé (CV)  posted at https://tinyurl.com/y6m47cms
  • Quoted in the 25 April 2013 New York Times article, Power Grids Iffy, Populous Areas Go for Generators  http://nyti.ms/10CnQ8T
  • Quoted in the 06 Nov 2019 ABC TV News article, As California Burns, Generator Companies Make a Power Grab,  https://lnkd.in/eGE3f7R
  • Google Scholar reported (2019) that his 39 papers have been cited 17 times http://goo.gl/ZZirpy
  • Abstracts for his 39 papers are at:  https://tinyurl.com/39abstracts
  • Michael’s Web of Science ResearcherID is AAG-6642-2019 .Use his ID and the search function at Publons to find his researcher Web of Science Profile. Go to https://publons.com/about/home/  
  • For some serious global warming analysis, he recommends that you view the U-Tube video on why the Kyoto Protocol failed @  https://tinyurl.com/ybdadtqt
  • For some even more serious global warming analysis, Michael recommends that you view this U-Tube video    https://tinyurl.com/83seconds
  • Michael’s  paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of the Bulk Storage of Solar Electricity, was presented at Solar Power and Storage Northeast 2020, 19-20 February, Boston, MA. Download his paper and EXCEL LCOS Algorithm Workbook at https://tinyurl.com/StavyPapers2020
  • Michael’s LinkedIn Profile is at  https://tinyurl.com/stavy-link         
  • Michael’s Facebook Page is at     https://tinyurl.com/Face-Stavy     
  •  View the video, Michael at the gym getting ready for his 76th birthday. The gym is real. Michael is real. He is now 76. His birthday is on 2/4/20. He really was born on 02/04/44 but the weights are NOT REAL.  https://tinyurl.com/s77oer3
CleanPower 2020 now virtual

Michael’s paper, Is Wind “Power to Gas” Ready for Prime Time on the North American Grid? was selected for presentation at CLEANPOWER 2020. The gas referred to is green hydrogen (H2) or synthetic natural gas [methane {CH4 }]. The grids referred are the natural gas grid for the CH4 (or H2) gas that leaves the P2G Plant and the electric grid for the wind power that powers the P2G Plant. CLEANPOWER 2020 was VIRTUAL.

CLEANPOWER 2020: STRONGER TOGETHER–THE VIRTUAL ePOSTER GALLERY RECEPTION was June 1. The virtual ePOSTER GALLERY is still open. There is no charge to visit the Gallery. You must bring your own wine and cheese.

At this reception, Michael made an ePoster presentation of his paper, Is Power to Gas (P2G) Ready for Prime time on the North American Grid?

While CLEANPOWER 2020 did not happen in Denver this year and even though right now, Michael is sheltering in place in Georgetown, CO, AWEA and Michael are moving forward. Michael looks forward to seeing you next year at CLEAN POWER 2021 in Indianapolis, IN.

At the ePoster Gallery, you can still rate Michael’s ePoster and leave a comment.


You can NOW download Michael’s CLEANPOWER 2020 paper, Is Power to Gas (P2G) Ready for Prime time on the North American Grid?, Excel P2G HE LCOG Algorithm Worksheet and his ePoster at https://tinyurl.com/StavyPapers2020

Michael can quantify what your power to gas (P2G) plant specs have to be to compute a levelized cost of gas (LCOG) that makes sense for prime time operation. The cost will be computed in US$/mmBtu (€/kWh).


Michael is presenting two ePosters in the Finance and Asset Management Track of the ePoster Gallery at the North America 2020 Smart Week Conference (14 Sept-27 Oct) Go to https://tinyurl.com/StavyPapers2020

Michael’s paper, Is Hydrogen Energy Storage Ready for Prime Time on the North American Grid. A Guide for Bankers and Investors, was selected for presentation at ASES SOLAR 20/20, 23-26 June, Washington, DC. ASES SOLAR 20/20 was Virtual.

Michael presented his paper on 24 June in the Finance Track: Clean Energy Financing. Check out where Michael was on the virtual SOLAR 20/20 program at https://www.ases.org/events/finance-track-session/

Michael posted his ASES SOLAR 20/20 PAPER and Excel LCOS Algorithm WORKBOOK at https://tinyurl.com/C-Power2020

Michael can quantify what your hydrogen energy storage plant specs have to be to compute a levelized cost of storage (LCOS) that makes sense for prime time operation.  The cost will be computed in US$/MWh (€/MWh).

Michael took a break from writing his ASES SOLAR 20/20 paper to go outside. Here is a picture of the sun on Saxon Mountain in Georgetown, CO.

Saxon Mountain above Main St, Georgetown, CO Spring 2020
When the Pandemic is over, you can again meet Michael at the Guggenheim

Michael’s paper, Is Hydrogen Energy Storage Ready for Prime Time on the European Grid?, was presented at Wind Europe 2019, 2-4 April, Bilbao, Spain. Download his paper and its Excel LCOS Financial Algorithm Workbook at https://tinyurl.com/y6uptvrd

When the Pandemic is over, you can again meet Michael in SLC

His paper, Is Hydrogen Energy Storage Ready for Prime Time on the North American Grid, was presented at Solar Power International 2019 (SPI-19), 23-26 September, Salt Lake City UT. https://tinyurl.com/y6uptvrd%C2%A0


The image at the top of this page is a foot bridge over the  North Branch of the Chicago River (at Monticello Ave in Albany Park, Chicago).  Michael has lived along the Chicago River for 54 years. The first 12 of these 54 years he lived with his parents long the North Branch of the Chicago River in Albany Park.

For your grandchildren, below is a picture of one of Michael’ s childhood friends. This picture was taken by Michael’s father. At the time, he was encouraging Michael to meet new friends.

When he was a child, Michael swam in the Chicago River with his friend. As you can see, his friend was happy to see Michael

Michael’s 1884 Mountain Cabin in Georgetown, CO
A Happy Chicago River Fish (1950)

In a case study for his WindEurope 2018 paper, Michael used the utility-scale Cabin Creek Pumped Hydro Storage Plant (324 MW|1,496 MWh) located in Clear Creek County, CO. Georgetown, CO is the county seat of Clear Creek County.  The Cabin Creek specs are subject to revision after the current upgrades are completed.

Chicago’s Palmolive Building with Beacon on: January, 2020