Michael STAVY, Senior Advisor on Renewable Energy Finance

ENERGY-THE FOURTH FACTOR OF PRODUCTION

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

Senior advisor (29 years) on renewable energy project finance
BA–University of Illinois at Chicago (1967). He 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)
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
Recently quoted in the 06 Nov 2019 ABC News article, “As California Burns, Generator Companies Make a Power Grab”. https://lnkd.in/eGE3f7R
Google Scholar reported (2019) that his 37 papers have been cited 18 times http://goo.gl/ZZirpy
Abstracts for his 37 papers are at: https://tinyurl.com/37-abstract
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
His 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 the paper and its Excel LCOS Financial Algorithm Workbook at https://tinyurl.com/y6uptvrd
He can quantify what your hydrogen energy storage plant specs have to be to compute a LCOS that makes sense for prime time operation.
Download Michael’s Wind Europe 2019 Paper and the 75th Birthday Edition of Michael’s Wind Europe 2019 Poster. The poster will look good on your grandchildren’s (children’s) bedroom wall or on your office wall. Go to https://tinyurl.com/y6uptvrd
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
His paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; Euro/MWh) of the Bulk Storage of Solar Electricity, will be presented at the 2020 Solar Power and Storage Event Northeast, 19-20 February, Boston, MA.
He can do a financial analysis of your wind, solar or energy storage project.
Michael can work for you at your office, at his Chicago office or at his Georgetown, CO mountain cabin.
Michael’s LinkedIn Profile is at https://tinyurl.com/stavy-link
Michael’s Facebook Page is at https://tinyurl.com/Face-Stavy

**You can still meet Michael in Houston**
**You can also meet him at Wind Power 2020 in Denver**
**or at his mountain Cabin up in Georgetown (CO, Not DC or TX)**

**You can still meet Michael in Salt Lake City**
**You can also meet him at SPI-20 in Anaheim, CA**

The image at the top of this page is a foot bridge over the North Branch (at Monticello Ave–Albany Park) of the Chicago River. 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 children and grandchildren, below is a picture of one of Michael’ s childhood friends. This picture was taken by Michael’s father.

When he was a child, Michael swam in the Chicago River with his friend.

**A Happy Chicago River Fish** **(1950)**

**1884 Mountain Cabin in Georgetown, CO**

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.

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