USEA's Power Sector Podcast USEA Power Sector Podcast Episode 93: Ascend Analytics Founder, CEO, & President Dr. Gary Dorris
Nov 12, 2024
Dr. Gary Dorris, founder and CEO of Ascend Analytics, discusses the vital role of data-driven modeling in the energy sector. He highlights how accelerated computing aids in risk management and long-term resource planning. The conversation dives into the complexities of energy pricing influenced by renewable resources and the importance of weather data for optimizing wind and solar power. Dorris also critiques traditional fossil fuel pricing models, advocating for advanced analytics to adapt to modern energy market dynamics.
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Accelerated Computing for Energy Markets
- Dr. Gary Dorris, Ascend Analytics' CEO, uses accelerated computing to model energy markets.
- This innovative approach helps optimize energy portfolios and manage risk.
Impact of Renewables on Energy Prices
- Renewable energy and tax credits significantly influence energy prices, sometimes pushing them negative.
- This shift necessitates new models that account for price volatility beyond traditional fuel costs.
Battery Storage Prevents Blackouts
- Battery storage played a crucial role in preventing blackouts in Texas and California during peak demand.
- This demonstrates the increasing importance of storage in grid reliability.