Wind Power, Solar Energy, Energy Storage, Hydrogen, Carbon Mitigation Credits and Taxes
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
Advisor (30 years) on renewable energy 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–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 ( firstname.lastname@example.org ) with your proposed work assignment and he will decide whether to email you a copy of his Private Résumé (CV)
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 theBulk Storage of Solar Electricity, will be presented at Solar Power and Storage Northeast 2020, 19-20 February, Boston, MA. You can now download his poster at https://tinyurl.com/Solar-NE-20
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 at the gym getting ready for his 76th birthday. He was 76 on 2/4/20. The gym is real. Michael is real. His birthday is really on 2/4/20, but the weights are NOT REAL. https://tinyurl.com/s77oer3
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.
In a case study for his WindEurope 2018paper, 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.