The Smart Grid and Economic Benefits From Participating in the Wholesale Power Markets

The goal of the discussion is to describe the Smart Grid, and illustrate how demand response and energy efficiency allow commercial customers to take advantages of potential Smart Grid benefits.  The discussion will also review how automation can enable those customers to make money in utility and wholesale market Smart Grid programs by leveraging their existing energy assets and infrastructure.  Specific wholesale market programs will be discussed in detail, such as Capacity, Energy, and Ancillary Services, as well as how those programs can provide new cash flow streams to commercial customers willing and able to adjust their electricity usage.  Lastly, we will review a one or two brief case studies illustrating the novel use of these Smart Grid tools in the PJM area, to increase revenue and pay for needed infrastructure improvements.

This discussion would be ideal for:

• Facilities engineers
• Physical plant directors
• CFOs
• Sustainability managers
• Energy managers
• Those who are currently responsible for participating in demand response programs

Speaker Bio:

Larry Waddell - VP of Strategic Channel Development, Viridity Energy

Larry Waddell is VP of Strategic Channel Development and is responsible for cultivating and managing channel partner relationships that are aligned with Viridity’s sales verticals.  Mr. Waddell comes to Viridity with over 10 years of experience consulting with, managing and investing in start-up and early-stage companies in industries such as cleantech, food production, and logistics.  To date, he has personally raised or helped to catalyze over $35 million in debt and equity investment for early and growth stage companies, and has served as CEO and COO of several entrepreneurial ventures.  Mr. Waddell’s expertise is in strategy and channel development, venture and M&A finance, operations, and cash management. 

Mr. Waddell holds a BS in materials science & engineering from Lehigh University, an MA in economics from the University of Pittsburgh, and an MBA from the Wharton School of the University of Pennsylvania.

Transportation:

Public Transportation (Septa, Patco ect) is strongly encouraged.  If you must drive, there is a garage across the street in the Hamilton Building (entrance on 11th St.).