Tuck Energy Currents S.2 E.4. REsurety's Lee Taylor on the impacts of recent legislation on renewable development
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Mar 21, 2023 
Lee Taylor, Co-Founder and CEO of REsurety, shares his journey from economic consulting to clean energy analytics. He discusses the challenges of risk management in renewable energy, focusing on financial fluctuations and the importance of adapting to new policies. Lee emphasizes the evolving role of battery storage and highlights essential skills for young professionals entering the sector. Listeners also discover valuable resources for keeping up with industry trends, along with insights into the entrepreneurial challenges faced when starting a business.
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Lee's Path to REsurety
- Lee Taylor's interest in renewable energy began in undergrad, but he worked in other fields before Tuck.
- His first-year project at Tuck sparked his passion for risk management in energy, leading to REsurety.
Intermittency Risk in Renewables
- Traditional power generation focuses on fuel cost risk (spark spread), but renewables introduce intermittency risk.
- This involves the unpredictable nature of wind and solar, impacting power delivery and creating financial exposures.
Texas Weather Event and Price Spikes
- In 2019, Texas experienced a heatwave with thunderstorms, causing solar projects to underproduce during peak demand.
- Simultaneously, coastal wind farms overproduced, highlighting the unpredictable nature of renewables and price spikes.