Energy technologies is a course for businesses and those working in energy related policy, finance and investing, who are non-experts or do not have a technical background.
The purpose is to provide businesses and those in the position to influence decisions, with a firm technical foundation in a select set of areas that will give them the level of understanding needed to make the best/well-informed decisions. This 2 day course will provide directed overviews of topics such as: climate change, current energy technologies, renewable energy technologies, energy storage and transmission, the economics and basics associated cost modeling of energy technologies, how businesses should prepare for the evolving energy landscape, as well as a high-level look at the energy system as a whole. Emphasis will be placed on understanding the capabilities and limits of current, emerging and future technologies, with an outlook towards what will be needed to reach a CO2 free energy infrastructure over the next 50-100 years along with what new business opportunities may arise from it.
- The scientific and engineering fundamentals that form the foundation of the energy sector, in a way that is rigorous, yet intelligible and fully understandable by those in non-technical fields
- The hard/basic facts about climate change and what is required to mitigate it and achieve a CO2 free energy sector
- The new business opportunities and implications associated with the evolving energy infrastructure, due to climate change
- How businesses can invest in renewable energy and storage systems to improve their bottom line
- The intrinsic and fundamental limitations of different types of energy technologies, as well as their capabilities and perspective towards the future regarding what is possible and what will never be possible
- How to understand the economic considerations associated with various energy technologies and how to compare technologies within a given field (e.g., energy conversion/generation, energy storage, energy transmission and energy usage)
- About the energy sector at a system level, to understand how the various components and parts interact, work together, and where opportunities exist to improve
- By completing mini assignments/projects that will illustrate the fundamental limits of certain technologies.
Participants will tour a natural gas cogeneration power plant on MIT’s campus, as well as laboratories of faculty leading the development of new energy.
Upon completion, participants will be able to evaluate the costs associated with different energy technologies so that they can gauge, understand and contextualize new technological advances and improvements.
Who Should Attend
This course is suited for those employed in businesses in all industries where there are significant energy costs/usage and/or significant opportunities to leverage existing infrastructure to meet new/emerging energy needs, including: political organizations, non-profits, utility companies, public utility/service commissions, transportation policy organizations, automobile companies, and banks and investment firms/groups.
Attendees can include:
- Business Unit Leaders
- Policy makers – staff members for state representatives and senators
- Regulators – staff support and members of public service commissions in different states
- Utilities – professionals and managers
- Financial and investment professionals
- Transportation policy makers