Continuing our sector review
Industry Focus: Energy
I hope your power is on. For our September meeting we will explore what, if any, opportunities lie in the space between the dynamos that generate moving electrons at 400 KV and the places we consume them as energy to light a device, turn a motor or pump at 120 to 240 volts in our homes, offices and commercial facilities of all other stripes.
The biggest question facing this sector, today’s electric utility industry, is battery technology and the related economics of creating and maintaining our own electric power storage capacity adjacent to where we consume the (potential) energy we have purchased and/or produced ourselves. Why do I see this as the biggest question? Simply because if the economics of home scale power storage becomes a reality, consumers can purchase power from today’s utilities in the low demand hours of the day and do it at the reduced price levels that exist for “usage” at those times.
The implications are many, and one is that a massive marketing, installation and power storage station service industry will be develop to operate these facilities. Another may well be the slowing of the adoption of solar and wind as high KV power generators. The average cost of fossil fueled high KV power would drop in the above scenario, and absent government dictates, on what power generation sources are to be used.
For our purposes, the stored power industry scenario would open the possibility for a wholesale power industry to serve multiple households in a new multi-unit building, or a new sub-division, or rewire a section of town in some fashion in order to connect to existing households. This type of development would be likely be pursued by today’s utilities if the battery technology is capable. Having said that, we know TESLA acquired a solar panel installation firm some years back that has the capability to do battery storage units at the household level. This would have Tesla selling the electric auto and providing a “deal” to supply its fuel for the life of the car. Obviously, this entire topic is totally up against the political winds blowing from the green new deal advocates. What happens if this scheme becomes the law of the land? We hope you can make it for what could be a spirited discussion that really will be dealing with questions of markets versus politics. Where do we fit in that scenario?
We hope you Zoom with us for this session. It should be a lively and stimulating discussion as this area is going to be “TRANSFORMING” for a long time.
Facilitator: Richard Bullock
Join us at 7:30am for for chatting and getting to know you; meeting at 7:45am https://www.zoom.us/j/534-649-516
This is one of our three monthly breakfast meetings.
We offer three locations throughout the Greater Chicago Area
First Friday ABC - Northbrook @ Max & Benny's
Second Friday ABC - South Barrington @ Panera in the Arboretum
Third Friday ABC - OakBrook @ Corner Bakery in OakBrook Mall
Our ABC meetings are interactive discussions, so come prepared to participate. Members engage in high level networking with colleagues to perfect our craft and build stronger relationships. We provide insights to help you grow your business and enhance its success. Feel free to invite a guest, especially a prospective IMC member, to attend.
There is no charge to attend our meeting - each person is responsible for the cost of your own breakfast.