3.03 On Delivering Financial Returns for Energy Storage and Microgrids with Amy Simpkins featuring Laura Novak

Power Flow

In this episode, Laura and Amy discuss the energy storage and microgrid landscape, with a peek behind the curtain as Amy Simpkins finally answers her own questions as CEO of muGrid Analytics and microgrid architect.

Fresh from the RE+ 2023 conference, Amy and Laura explore the gap between the marketing around battery systems as solved science versus how much more research is truly necessary. Amy explains why 15 years of industry experience led to muGrid’s transition from strictly energy consultants to software vendors, tackling the current chasm between actual economic results delivered and how much more is possible, as well as why the financials are vital.
According to Amy, “The intelligent economic decisions are critical for any kind of battery technology and that is something that gets lost.”
Quotes - all by Amy Simpkins
“The entire value proposition of an energy storage system is in its control, in its decision making piece.”
"No matter which element on the periodic table you are using, you still have to intelligently command the battery to work and make intelligent decisions that will deliver financial results from your battery.”
"In order to actually deploy energy storage and associated hybrid systems, they have to generate revenue."
“We’ve made the transition from consultants who said what could be possible to a product vendor who says we can DO this. It’s not just probable, it’s possible, and we’re doing it.”
About

As co-founder and CEO at muGrid Analytics, Amy Simpkins solves wicked problems at the intersection of energy technology and economics using math and modeling. muGrid provides bankable techno-economic analysis, optimized control, and project development of renewable energy, energy storage, and microgrids to maximize economic return, increase energy resilience, and promote energy equity in the US and around the world.

Amy is also an internationally recognized speaker on innovation and iterative development for entrepreneurs. She is the author of Spiral: A Catalyst for Innovation and Expansion and host of the Power Flow Podcast, which amplifies diverse voices in the energy revolution.

Prior to muGrid, Amy designed and operated spacecraft as a Systems Engineer with Lockheed Martin. Her technical expertise includes system and software architecture, system-level performance modeling, and design tradespace analysis. Amy holds an MS in Astronautical Engineering from the University of Southern California and an SB in Aeronautics and Astronautics from the Massachusetts Institute of Technology.

Connect with Amy on LinkedIn.

Check out muGrid’s website.

Connect with muGrid Analytics on LinkedIn or Facebook.

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Thank you for listening. See you at the whiteboard!