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 Access Résumé (Curriculum Vitae).
The 2017 Chicago Climate Charter was originally written in English. Michael is a native Chicagoan. He was born in Lincoln Park (the neighborhood [the historic 43rd Ward], not the zoo). According to Michael’s mother, English was her mother tongue.
These are Michael’s stories and he is sticking to them.
Quick Take–Michael has a University of Illinois at Chicago (UIC) BA (1967), a Northwestern (Kellogg) day program MBA (1969) and an Illinois CPA (1979-inactive). At UIC, Michael took math through Diff-Q plus one year each of college chemistry and physics.
Quick Take–Michael taught (10/02) at the Ecole Superiere de Affairs (ESA), Grenoble II (France) [now Université Grenoble Alpes] and at UIC (1997-98). Michael was a tenured Economics Professor (1970-1999) at the College of DuPage, Glen Ellyn, IL.
Quick Take–From 1968 until 1974, Michael was a member (an E-3, a “Remington Raider”) of the United States Army Reserve (USAR) 308th Civil Affairs Group, Chicago [Hyde Park], IL. Remington here refers to the Remington brand typewriter and not to the Remington brand rifle. As a clerk-typist, Michael typed reports using his Remington typewriter. Michael learned how to study the economy and social structure of a country. He also learned two valuable social skills in the USAR, how to type and how to drive a stick shift vehicle (Jeep).
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.
Since 1990 (33 years), Michael STAVY has been an advisor on the renewable energy finances. He advises clients on the finances of renewable energy projects (wind power , solar energy, energy storage, the hydrogen economy, carbon mitigation credits and taxes ). Michael does the financial analysis of his client’s 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, and public transportation affect the after tax net income of their wind power, solar energy and energy storage projects.
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, he has had to compute what his distributed generation clients are currently paying for electricity/NG.
Michael has has at least 41 published papers. The first 39 abstracts are listed at: tinyurl.com/35fh6ces The rest will be indexed in the near future.
Google Scholar reported (2023) that Michael’s papers have been cited 17 times http://goo.gl/ZZirpy
Michael’s Web of Science ResearcherID is AAG-6642-2019. Use this ID and the search function to find his researcher Web of Science Profile at Publons. https://publons.com/about/home/
Michael’s 37th 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. Download his paper at https://tinyurl.com/y6uptvrd
Perhaps Michael will invite you up to his mountain Cabin in Georgetown, CO
Michael’s 36th paper, Is Hydrogen Energy Storage Ready for Prime Time on the North American Grid, was presented at WindPower 2019, 20-23 May, Houston, TX. Download his paper at https://tinyurl.com/y6uptvrd
He can quantify what your hydrogen storage plant specs have to be for prime time operation on the North American Grid.
Michael’s 35th paper, Is Hydrogen Energy Storage Ready for Prime Time on the European Grid, was presented at WindEurope 2019, 2-4 April 2019, Bilbao. Spain Read the paper abstract at https://tinyurl.com/y6uptvrd
In his work product for you, he can quantify what your hydrogen storage plant specs have to be for prime time operation on the European Grid.
Michael’s 34th paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of the Bulk Storage of Wind Electricity (LCOS), was presented at the WindEurope 2018 Conference, 25-28 September, Hamburg, Germany.
Check his WindEurope 2018 Conference Presenter bio @ https://tinyurl.com/y9d6puss
Below is his video of the Hamburg Harbor with a MW sized wind turbine.
Michael’s Hamburg paper discusses the financial and technical principles underlying the levelized cost (LC) method of computing the cost (US$/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.
His 33rd paper, A Financial Algorithm for Computing the Levelized Cost (US$/MWh; €/MWh) of Storing Wind Electricity (LCOS), was presented at WindPower 2018, 7-10 May, Chicago.
His 32nd paper, A Financial Algorithm for Computing the Levelized Cost of Storing PV Electricity (LCOS), was presented at Solar Power International 2017 (SPI-17), 10-13 Sept, Las Vegas.
While Michael strongly agrees that what goes on in Vegas should stay in Vegas, he also feels that, even if you do not live in Vegas, you should have a copy of his SPI-17 Vegas Energy Storage Paper.
Email Michael ( michael@michaelstavy.com ) for a FREE copy of his SPI-17 Vegas Paper.
Michael’s first energy storage paper (his 14th paper), A Financial Worksheet for Computing the Levelized Cost of Wind Electricity (US$/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 (SPI-13), October 21-24, Chicago, IL USA. Michael, a Chicago native, enjoyed being a Chicago Conventioneer for four days.
Michael’s paper, A Financial Worksheet for Computing the Cost (¢/kWh) of Solar Electricity Generated at Grid Connected Photovoltaic (PV) Generating Plants (LCOE), was published in the Journal of Solar Energy Engineering (JSEE), 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.
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
On this website you do not have to purchase Michael’s papers, worksheets or posters, but you will have to purchase Michael’s two JSEE papers (US$25/each) directly from the ASMC, the JSEE publisher.
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)
Michael also enjoyed revisiting Wiesbaden and Mainz. He had taught at the US Air Force Base 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 13 New York Times article, Power Grids Iffy, Populous Areas Go for Generators. http://nyti.ms/10CnQ8T
Michael was quoted in the 06 Nov 2019 ABC News article, “As California Burns, Generator Companies Make a Power Grab”. https://lnkd.in/eGE3f7R
Michael wants to clarify his quote in this ABC News article. When he said diesel powered emergency generators, he was referring to larger (>20kW) permanently installed emergency generators such as found at shopping centers, office buildings. large apartment complexes, college campuses, etc. Very small emergency generators (< 1 kW) are usually powered with gasoline but they do not have catalytic converters (You know what that means!). Larger (<19kW) permanently installed residential emergency generators are now powered by NG or propane. In the picture of the Clear Creek Store in this article, you can see the propane tanks. This is the same kind of propane tank that you use to fuel your Bar-B-Q grill.
Having said all this, Michael believes there is no substitute for a safe fully functioning electric grid for California (and for the rest of the USA [for his international clients, the rest of the world]).
Michael was 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.
Michael 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 Michael gave an 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, he drove to Ann Arbor, MI for big expense account dinners and for very stimulating academic discussions at the University of Michigan.
You can download (FREE) Michael’s Mexican presentation slide deck at https://goo.gl/images/EqvJbG
You can download (FREE) his Michigan presentation slide deck at https://tinyurl.com/ya5d2jrl
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 His 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).
During October 2002, Michael was an Invited Professor at the Ecole Supériere de Affairs (ESA), Université Pierre Mendès France (now, the Université Grenoble Alpes) France http://www.iae-grenoble.fr/
In Grenoble, Michael eat a Foie Gras Pizza. He was surprised to find that it was a Chicago style deep dish Foie Gras Pizza.
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 (29 years), 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 (NIU) and the University of Illinois at Chicago (UIC), COD’s two biggest transfer institutions. Michael is still a member of the American Economics Association (AEA).
Michael is not a year 2023 “instant expert” on the finances of wind power, solar energy, energy storage, hydrogen 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). His 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 Full-Time Program at Northwestern University’s Kellogg Graduate School of Management http://www.kellogg.northwestern.edu/ (Chicago and 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 (USAR) 308th Civil Affairs Group, Chicago [Hyde Park], IL. Remington here refers to the Remington brand typewriter and not to the Remington brand rifle. As a clerk-typist, Michael typed reports using his Remington typewriter. He learned two valuable business/social skills in the USAR, how to type and how to drive a stick shift car (Jeep). Go to: 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.
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. He planned to specialize in reviewing Scandinavian films.
He 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 assures you that this is not one of his fish stories.
Michael is an expert on the finances of renewable energy projects. His most recent work has been on the H2 economy.
Michael suggests that you download a curated selection of his papers along with their worksheets, oral presentations and posters. Michael’s 2023 papers will be available for downloading after they are presented.
Michael is in private practice.
Michael looks forward to working with you.
Use the contact information below to make an appointment with Michael.
Michael STAVY, Advisor on the Finances of Renewable Energy Projects
Michael STAVY, Advisor on Renewable Energy Finance 
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