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Electricity
demand fluctuates depending on the time of day, the day of the week,
and the season of the year. Current power systems have been designed
to handle these variations, but it is becoming increasingly
complex to match power generation with the ever growing demand.
Wind and solar power are by nature intermittent. As conditions
change, the output of wind or solar power varies accordingly. This has to be
balanced by other power plants or resources.
There are many ways to improve power system balancing capabilities.
Reservoir hydropower can be used where available. Similarly, smart
grids with demand response offer a means of shifting some of the
load, and the existing power system can also assist by regulating
its output. Nevertheless, in the majority of cases these offer just
a partial solution. By complementing the power system with Smart
Power Generation, a fast, flexible and efficient power generation
solution, all system balancing challenges can be solved, even with
very high levels of intermittent renewables.
Smart Power Generation
Free on-demand webcast | Click here to
view now.
This webinar offers study results and analytics of power
system optimization from US and international markets as well
as information on the transition to a more sustainable and
modern energy infrastructure in a world where energy industry
fundamentals are undergoing rapid change.
Meet the Panel:
Moderator:
Mikael Backman
Market Development Director, Americas
Wärtsilä North America, Inc.
Mikael Backman has two decades of experience from the energy
industry, specializing in the field of power generation and
electricity market development. Mikael has been involved in
the development, design, delivery and sale of power generation
assets throughout the Americas, Asia, Australia, Europe and
the Middle East.
Currently, Mikael is Director of Market Development for
Wärtsilä’s Power Plants division and is responsible for power
market analysis and development, strategic positioning and
government and industry relations. Wärtsilä is a global
supplier of power plants in addition to marine propulsion
systems and services. Mikael holds a B.Sc. (Eng.) degree in
Energy Technology and an MBA in finance.
Speaker:
Alan Roark
Manager of Risk Assessments
DNV KEMA Energy & Sustainability
Al
Roark, Manager of Risk Assessments, has 22 years of advising
wholesale market impacts on clients, electricity modeling and
helping new technologies develop business cases. Mr. Roark has
specific experience in identifying, measuring and managing
wholesale energy portfolios and in forecasting wholesale
energy market prices and impacts. In addition to designing and
approving models and developing software solutions to measure
unbundled energy, ancillary services and congestion portfolios
across five RTOs, Mr. Roark has designed and implemented risk
management programs for over 30 power, gas and oil clients,
reporting on portfolio management and capital approvals to
senior management. While working at Exelon, Avista and Destec,
Mr. Roark was responsible for setting up and approving Board
Level Generation Projects, portfolio measurements and
compliance associated with wholesale operations and capital
approvals.
In addition to writing and approving financial report sections
on market risk, Mr. Roark certified reports to credit agencies
and third parties. Mr. Roark has worked as a senior economist
with WEFA, providing forecasting and energy consulting for
various international clients. Mr. Roark developed and
maintained various energy models measuring the impact of
energy policies. Mr. Roark is a former Commodity Trading
Advisor and held System Operator Certification at NERC. Mr.
Roark has a BS in Economics (Accounting) from Virginia Tech,
an MS in Economics and Statistics from Texas A&M and has
completed Ph.D coursework (ABD) in Mineral Economics at the
University of Arizona in the College of Engineering and Mines.
Speaker:
Joseph Ferrari
Market Development Analyst
Wärtsilä North America, Inc.
Joseph Ferrari is an engineer and scientist with masters
degrees in aerospace engineering and natural resource science.
He has authored numerous articles on topics ranging from
diesel combined cycles, state of the art emission control
systems, dynamic network model development and implementation
and most recently, the impact of coal retirement on the US
power system. He worked for 5 years at Wärtsilä North America,
Inc. in a sales support role and, after an “external rotation”
at the University of Maryland, is now back at Wärtsilä working
as a Market Development Analyst.
Smart Power Generation
Free on-demand webcast | Click here to
view now.
About your host:
Wärtsilä Power Plants is a major supplier of flexible base
load power plants operating on various liquid and gaseous
fuels. We also provide unique, dynamic solutions for grid
stability, reserve, peaking, load following and intermittent
power generation.
In 2011, Wärtsilä’s net sales totaled EUR 4.2 billion with
approximately 18,000 employees. The company has operations in
nearly 170 locations in 70 countries around the world.
This complimentary webcast is brought to you by:
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