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Larry Aller

Renewables and cleantech | Investor & Entrepreneur

Larry Aller is the Managing Partner at Redwood Ridge, a firm known for its focus on investment management and advisory services. He has extensive experience in the finance and investment sectors, contributing to the firm's strategic direction and operational management.

Professional Background::

  • Education: Larry Aller holds a degree in finance, which has provided him with a solid foundation for his career in investment management.
  • Experience: Before joining Redwood Ridge, Aller held various significant positions in financial institutions where he honed his skills in investment analysis and portfolio management. His expertise encompasses a range of asset classes and investment strategies.

Current Role:: As Managing Partner at Redwood Ridge, Aller plays a crucial role in shaping the firm's investment philosophy and overseeing client relationships. His leadership is pivotal in guiding the firm's growth and ensuring that it meets the evolving needs of its clients.

LinkedIn Presence:: Aller's LinkedIn profile (username: larry-aller-4705b4) reflects his professional journey and accomplishments, showcasing his commitment to excellence in the financial industry.

Highlights

Jul 31 · linkedin

Volatile times in PJM: Capacity prices increase over 800%

1)PJM falls behind on interconnection study and deployment of new energy resources over the past several years 2)Several legacy fossil generators have difficulty competing in PJM and plan retirements 3)Electricity demand outlook grows significantly, due in part to data center growth 4)PJM capacity prices skyrocket to over 9X prior levels in the latest auction yesterday. ($270/MW-day up from $28/MW-day last year, with price caps of $444-466/MW-day hit in BGE-MD and Dominion zones) 5)Utilities with significant generation in PJM get stock price surges of 10-15% this morning due to the capacity revenue windfall.

There are so many things that need to be fixed with this picture it’s hard to pick a place to start… For one, 18% of the generation receiving 9X higher capacity revenue is coal. PJM has tangled things up so completely that we need that coal capacity to stay online for reliability while PJM is dragging their feet getting lower cost, less-polluting capacity online to replace it.

One silver lining: Any energy storage that can manage to get interconnected and capacity qualified in PJM will have a very high capacity revenue opportunity. Many energy storage developers in PJM will be feverishly re-running their financial models with massive capacity pricing and checking capacity qualification requirements. And high capacity prices could encourage additional capital deployment to “site energy storage at (former) coal plants and reuse the interconnect”

Apr 25 · linkedin

Great to see home electrification coaches ramping up. Go Travis Estes, Abode Energy Management and Rewiring America!

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Larry Aller
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Location

Boston, Massachusetts, United States