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Rory Huntly
Renewable Energy - M&A | Strategy | Finance | Development
Rory Huntly is a seasoned professional with over 15 years of experience specializing in strategic investments and M&A transactions within the new energy economy.
His expertise spans across renewable energy, energy efficiency, technology, and sustainable enterprises.
Rory's educational background includes an MBA in Supply Chain Management, Entrepreneurship, and Sustainable Enterprise from UNC Kenan-Flagler Business School, as well as a B.A. in Theater from Davidson College.
He has a strong track record in investment banking, financial analysis, mergers and acquisitions, negotiations, business valuation, solar and wind project development, energy efficiency, and battery storage.
Throughout his career, Rory has held various key positions such as Vice President - Finance and M&A at TED Renewables, Founder & CEO at Uplift Advisors, and Strategic Advisor at Antlia Energy.
Additionally, he has contributed to organizations like Duke University as an Adjunct Instructor and served as an Advisory Board Member at Storlytics Energy Storage.
Rory's professional journey also includes roles at Ecoplexus, Inc., Jacobs Capital, ACCIONA, Duke Energy Corporation, B Lab, Alliance to Save Energy, and American Council On Renewable Energy (ACORE).
With a diverse background and a wealth of experience, Rory Huntly continues to be a prominent figure in the realm of strategic investments and M&A within the energy sector.
Highlights
Texas and California are the leading edge of how renewables and battery storage resources can create a more dynamic, cleaner, and diverse energy supply...and don't result in black-outs and brown-outs as some would like us to believe.
#bess #energystorage #solar #solarenergy #windenergy #renewableenergy
https://lnkd.in/eH-a_5eE
Here's a little bit of a thought experiment related to interconnection queues. Anyone in or around the renewable energy development industry has been witnessing and experiencing the plethora of challenges facing projects that are trying to connect to the grid.
In my own reflection of this challenge, I realized that the way the interconnection process "works" has set up a classic prisoner's dilemma. At the core of a prisoner's dilemma is an information vacuum, which is also embedded in the interconnection study process. These slides explore this notion a bit.
My hope is that this triggers some conversation and some ideas on how the process of interconnection studies can evolve to ensure more efficient, transparent, and optimized outcomes.
A couple of key points are:
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This problem is critical because in the U.S. we are suddenly staring down a 5-7% year-over-year increase in energy demand whereas it has been nearly flat for 20+ years. At the same time, it is taking 6+ years to get a new solar, wind, or storage project through the interconnection queue process (getting longer every year) and costs to connect are increasing rapidly.
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In most markets, the project bears the sole cost of any upgrades even though those upgrades may be beneficial to other users of the grid in the future. The interconnecting utilities are often not responsible for these costs. This means that individual project owners are making decisions that then affect the viability of many other projects.
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So far, interconnecting utilities haven't found clear ways to integrate some of their own long-term transmission planning into the interconnection queue process to help share in the costs of upgrades where it makes collective sense.
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The study process is long and laborious and riddled with uncertainty such that projects are getting to the end of the study process and even signing the final interconnection agreements and then still dropping out due to late stage material costs changes. When the late drop-outs happen, it triggers more re-studies and creates more uncertainty for other projects and their owners. This is compounded by the fact that there will be multiple queue "cluster" vintages being studies simultaneously that can have ripple effects on other clusters.
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I do think there are some potential solutions that can serve as seeds for bigger process changes to help solve this interconnection queue challenge. Hope you enjoy the thought experiment and please let me know your thoughts on where you agree, disagree, or have other ideas.
#interconnection #interconnectionqueue #renewableenergy #renewables #solar #solarenergy #wind #windenergy #batterystorage #bess #grid #transmission #utilities #lowcarbonfuture #solveproblems
