Michael's Open Access Resume (CV)

Michael’s Open Access Résumé (CV)–01 Dec 2018

Michael 

The 2015 Paris Climate Agreement was originally written in the host language, French. From his many visits to Paris, Michael learned that in France, family names are CAPITALIZED.  Because of this, Michael’s family name, STAVY, is in capital letters on this, his Open Assess Résumé (CV).

The 2017 Chicago Climate Charter was originally written in English. Michael is a native Chicagoan. He was born in Lincoln Park (the neighborhood, not the zoo) and according to his mother, English is his mother tongue. These are Michael’s stories and he is sticking to them.   

Since 1990 (28 years), Michael STAVY has been an advisor on the renewable energy finances. He advises clients on the finances of renewable energy (wind power , solar energy, energy storage, the hydrogen economy, carbon mitigation credits and taxes ). He helps his clients’ analyze the finances of their renewable energy projects.

He also advises clients on how international and US climate change mitigation policies (RPS, REC, feed-in-tariff, the Kyoto Protocol, 2015 Paris Climate Agreement, 2017 Chicago Climate Charter, cap and trade, carbon tax, EV, public transportation, President Trump’s “climate agenda”).

Michael advises US clients on the purchase of electricity and natural gas (NG) in competitive state energy markets.

Renewable energy project development has given Michael experience in US competitive electricity/NG markets. This is because in order to know if renewable energy is cost competitive with the grid’s electricity/NG, Michael has had to compute what his distributed generation clients are currently paying for electricity/NG. Michael has advised his clients on the purchase of 55,000,000 kWh (55,000 MWh; 55 GWh) of electricity and 9,762therms (976.2 mmBtu) of NG.

Michael is a member of the Illinois Solar Energy Association.  http://www.illinoissolar.org/

Michael has 34 published papers. The list of his 34 paper abstracts is on this website menu.   

Google Scholar reported (2018) that Michael’s 34 papers have been cited 17 times http://goo.gl/ZZirpy  

Michael’s 34th paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of the Bulk Storage of  Wind Electricity (LCOS), was presented at the WindEurope 2018 Conference, 25-28 September, Hamburg, Germany. 

Check his WindEurope 2018 Conference Presenter bio @  https://tinyurl.com/y9d6puss  

Below is Michael’s video of the Hamburg Harbor with a working wind turbine. 


Michael’s Hamburg paper discusses the financial and technical principles underlying the levelized cost (LC) method of computing the cost (US$/MWh; €/MWh) of storing wind electricity (LCOS) in bulk. The paper presents a LC algorithm. The algorithm equations are presented. The algorithm uses nine recognized energy storage system (ESS) specifications (specs) to compute the levelized cost of the stored wind electricity.

Published spec values for the Eos Aurora® ESS and for the Cabin Creek Pumped Hydro Storage Plant (Clear Creek County, CO) are used in case studies to demonstrate the algorithm. Other examples are provided. An addendum case study for the proposed San Vincent Pumped Storage Plant is also presented.

For rapid computation, an Excel worksheet of the LC algorithm is presented. The goal of this paper is to present a standard computational algorithm for financial analysts to use. A financial analyst can do a LC computation based on the paper’s LCOS algorithm and on the algorithm’s nine ESS specs. The paper’s LCOS algorithm gives the analyst who has the nine ESS spec values, a quick “back of the envelope” verification of a developer’s value for the levelized cost of bulk stored wind electricity. A complication arises in using this paper’s LC algorithm. The complication is that “published ESS spec values” are limited and that internal spec values must be confirmed.

Email Michael (his email address is at the page bottom) for a FREE copy of his Wind Europe 2018 paper. 

His 33rd paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of Storing Wind Electricity (LCOS), was presented at WindPower 2018, 7-10 May, Chicago. Email Michael for a FREE copy of his WindPower 2018 Paper.  

His 32nd paper, A Financial Algorithm for Computing the Levelized Cost of Storing PV Electricity (LCOS), was presented at Solar Power International 2017 (SPI-17), 10-13 September, Las Vegas. 

Michael strongly agrees that what goes on in Vegas should stay in Vegas but he also feels that even if you do not live in Vegas you should have a copy of his SPI-17 Vegas Energy Storage Paper. 

Email Michael for a FREE copy of his SPI-17 Vegas Paper.

Michael’s first energy storage paper (his 14th paper) was, A Financial Worksheet for Computing the Levelized Cost of Wind Electricity (US$/MWh,SEK/MWh, €/MWh) Stored in a Hydrogen Storage System (LCOS), was presented at the 2003 International Solar Energy Society’s SOLAR WORLD CONFERENCE, 14-19 June, Göteborg, Sweden. https://tinyurl.com/kx8jkxs

His 31st paper, The Increase in Global Solar Power Caused by Extending the Kyoto Protocol until 2030, was presented at Solar Power International 2013, October 21-24, Chicago, IL USA. Michael, a Chicago native, enjoyed being a Chicago Conventioneer for four days.  

Michael’s paper, The Carbon Content of Hydrogen Vehicle Fuel Produced by Hydrogen Electrolysis, was published in the Journal of Solar Energy Engineering (JSEE), February 2005, Vol. 127, page 161.   https://tinyurl.com/yca6tp36

His paper, A Financial Worksheet for Computing the Cost (¢/kWh) of Solar Electricity Generated at Grid Connected Photovoltaic (PV) Generating Plants (LCOE), was also published in the Journal of Solar Energy Engineering, August, 2002, Vol. 124, page  319.  https://tinyurl.com/yatsour7

His August, 2002 paper was one of the top 10 articles downloaded from the JSEE in November 2006; December 2007; February 2008 and October 2008.

You will have to buy Michael’s JSEE papers directly from the publisher.

Michael was interviewed on the student video documentary, The Cost of Climate Change, produced by Aimee Keane on the Northwestern University Medill News Channel.  His interview (via Skype from his Colorado mountain cabin) was put in this video documentary right after a recorded speech of President Obama on climate change mitigation.  This program was televised on 29 August  2014.  While Michael had nothing to do with the President Obama interview, you can see both President Obama and Michael .  It was fun for Michael to do some work trying to protect nature while he was in his Colorado mountain cabin enjoying nature.   http://goo.gl/uOkTBj

Michael was selected to be a member of a fact-finding Delegation that went to Germany,17-21 September 2012, to study the topic: Innovations in Energy Efficient City Transit. The Delegation was sponsored by the German Federal Ministry of Economics and Technology and by the German/American Chambers of Commerce (AHK)    http://tinyurl.com/8bneefk

Michael enjoyed also revisiting Wiesbaden and Mainz. He taught in Wiesbaden in 1975. In Mainz, he drank Mosel white wine and watched the trams stop in front of the DB train station (Mainz Hbf).  

Michael took time from his 2013 4th of July Holiday to make some videos of new Energy Efficiency in US City Transit. See one video below.

Michael has anonymously peer reviewed manuscripts for the UK Institute of Energy and Technology http://www.theiet.org/ (IET) Journal,Renewable Power Generation, and for the American Chemical Society http://pubs.acs.org/ (ACS)Journal, Environmental Science &Technology.  

Michael was quoted in the 25 April 2013 New York Times article, “Power Grids Iffy, Populous Areas Go for Generators”.  http://nyti.ms/10CnQ8T 

He was also quoted in the 25 May 2011 Chicago Daily Herald Business Ledger article, Pump Prices are only Half the Pain, by John T. Slania, Contributing Writer, and in the Winter 2007, Northwestern University Alumni Magazine article, Purple Goes Green, by Sean Hargalon, Senior Editor

Michael gave his paper, The Use of the Kyoto Protocol and its Clean Development Mechanism (CDM) to Help Finance Latin American Wind Plants, at the 2008 Latin American Wind Energy Conference (LAWEA), 5-7 November, Guadalajara, MX.

He had to interrupt his work in Guadalajara to go to the city of Tequila, Jalisco to test the Tequila for any changes caused by global warming.

At the 2009 Michigan Wind Conference, 3-4 March, Detroit, MI,he gave his oral presentation,Mandatory US Federal Carbon Emissions Program (Kyoto-II) Will Reduce the Cost Advantage that Michigan Fossil Electricity has over Michigan Wind Electricity.

While in Detroit, Michael drove to Ann Arbor, MI for big expense account dinners and for very stimulating academic discussions at the University of Michigan.

Email Michael for FREE copies of his Mexican and Michigan presentation slide decks.

The 2010 Icelandic Volcano did not stop Michael from attending the 2010 European Wind Energy Conference (EWEC), 20-23 April, Warsaw Poland. He claims to have rented one of the last Hertz Rent-a-Cars in Paris.  He drove from Paris to Warsaw to Krakow and then back to Paris.

Michael presented his paper, The Effect That a US Signature on a Kyoto-II Climate Change Mitigation Treaty (or an Equivalent US Domestic Climate Change Mitigation Policy) Will Have on the US Wind Industry, at the 2010 EWEC.  

Go to: https://tinyurl.com/ltowa56  Michael’s poster is number 40 under the topic:  Carbon Prices,Emissions Trading, Other Climate Policies & Investment Decisions. His paper was originally titled, The effect of COP 15 (Copenhagen 2009) on the US Wind Industry.  The original title would have made for a very brief paper. 

Michael had a good time in Warsaw and afterward in Krakow. In Krakow he ate a real Polish sausage (with grilled onions, but with no American French Fries).  Michael’s total automobile travel distance from Paris to Warsaw to Krakow and back to Paris was 4,000 km (2,400 US miles).

Michael did not attend the 2013 COP 19 in Warsaw, the 2014 COP 20 in Lima, Peru, or the 2015 COP 21 in Paris but he is looking forward to working with clients to prepare environmental policy reviews and recommendations to implement the 2015 Paris Climate Agreement, 2017 Chicago Climate Charter and perhaps, even an updated Kyoto Protocol.      

During October 2002, Michael was an Invited Professor at the Ecole Supériere de Affairs (ESA), Université Pierre Mendès France (Grenoble-II), France  http://www.iae-grenoble.fr/   

With a French friend, he eat a Foie Gras Pizza. He was disappointed that it was not a Chicago style deep dish Foie Gras Pizza.

Michael’s Grenoble Students Hard at Work Studying 

Michael taught at the University of Illinois at Chicago (UIC) http://www.uic.edu/  during the 1997-98 academic year and during fall semester, 1999.

From 1970 to 1999 , he was a full-time, tenured Economics Professor at the College of DuPage (COD), Glen Ellyn, IL https://www.cod.edu/ .

For 29 years, Michael wrote his own lecture notes and test questions. Michael tried to maintain his academic standards equal to Northern Illinois University and the University of Illinois at Chicago (UIC), two of COD’s biggest transfer institutions. Michael is still a member of the American Economics Association (AEA). 

Michael is not a 2018 “instant expert” on the finances of wind power, solar energy, energy storage, the hydrogen economy and climate change mitigation.

When (1961) he was a student at Niles Township High School,Skokie, IL http://www.niles-hs.k12.il.us/ his science project was to try to grow algae.  The algae did not grow but Michael was still allowed to graduate (1962). Michael’s algae science project was completed before the Club of Rome published its 1972 report, The Limitations to Growth:  https://www.clubofrome.org/report/the-limits-to-growth/

Because of Sputnik 1 (4 Oct 1957), the US federal government developed a high school physics course called the Physical Science Study Committee (PSSC) course.  Michael took this course at Niles TWP HS and never forgot how to do unit analysis. http://libraries.mit.edu/archives/exhibits/pssc/

Michael received (1969) his MBA (MiM) from the Day Program at Northwestern University’s Kellogg Graduate School of Management http://www.kellogg.northwestern.edu/ (Evanston, IL) and his BA (1967) from the University of Illinois at Chicago(UIC). 

At UIC, Michael took math through differential equations and orthogonal functions (in case you didn’t know, two statistical variables having zero correlation are orthogonal), one year each of college chemistry and physics.

He passed (1979) the Illinois CPA exam. Michael was (1980-1986) a registered Illinois CPA.  

From 1968 until 1974 he was a member (E-3 “Remington Raider”) of the United States Army Reserve 308th Civil Affairs Group, Chicago [Hyde Park], IL https://tinyurl.com/m7v5czx .

During his military service, the Group did area studies (economic studies including energy) of the Scandinavian (Nordic) countries in order to set up a military government and then a civil society in the Scandinavian countries after US military operations were done.

While the Group was based in Hyde Park, it did not use the resources of the University of Chicago.

Michael was assigned to be the editor of the 308th Civil Affairs Group newsletter, The Bugle, but he was replaced by Gene Siskel (yes that Gene Siskel), when Gene joined the Group.  At the time Gene became editor of The Bugle, he was only covering Chicago neighborhood news.

Michael claims that he then asked Gene if he could stay on the staff and be the film critic for The Bugle. Michael planned to specialize in reviewing Scandinavian films. 

Michael told Gene that if the USAR 308th CA Group showed his (that is Michael’s; not Gene’s) well-reviewed Scandinavian movies at the monthly USAR 308th CA Group meetings, that Group members would have a better understanding of Scandinavian society and, therefore, be better trained to carry out the mission of USAR 308th CA Group. Michael has assured this writer that this is not one of his fish stories. 

Michael has lived along the Chicago River for 52 years.  From the day he was born until he was 12 years old and from 1978 until today. 

This is the Chicago River Fish that Michael swam with when he was a child 

Michael looks forward to working with you.

Use the contact information below to make an  appointment with Michael.

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