People In Power

Conversation with Bank of America’s head of U.S. energy and power corporate banking, Nick McKee, and head of ESG advisory and financing solutions, Andrew Karp.

“As their core value states, it’s One Dominion Energy. Because no matter what they’re working on, they’re all on one team.”

Under his leadership, PSEG was recently awarded the Edison Electric Institute’s 2022 Edison Award, which recognized substantial efforts to protect and support customers following Superstorm Sandy.

“At the end of the day, companies are going to have to reliably be able to say, this is the situation from a full ESG standpoint in terms of the supply chains being utilized.”

“I don’t think this move to a more decarbonized grid happens unless we do it at the edge of the grid. That’s my first belief. Tightly coupled to that is the understanding that it’s one thing for us all to have solar or electric cars. But if you can’t manage those assets in a coordinated way, it’s kind of useless.”

“What we’re starting with is a form of automation and to be able to interact with the DER. That’s our bedrock. With that platform capability, what those algorithms are doing can be for capacity management or for more classical microgrid-type applications.”

“Maybe we need to change distribution system to some other name because distribution used to be, I have a substation and the power flow is going to flow one way. But there are bidirectional power flows when the sun is rising or setting, or the wind is blowing.”

“Because of electrification and digitization, we see the management of digital distributed energy resources is everywhere. That’s something we’re seeing more and more in the U.S. We’re seeing that in Australia, and we’re starting to see that in Europe. That’s the buzz on the floor.”

Senior experts explain technology that can have the greatest impact on distribution grid efficiency and resilience.

“Our databases include over thirty million grid structures and growing at over eight million a year – that’s big data.”