SMP 43: 2019 Energy Storage Trends
Episode Summary
In this episode, Benoy and Li talk about energy storage and how it’s a huge game changer. They go into the many benefits and trends in energy storage. They also discuss legislation to keep the Investment Tax Credit at 30%.
Benoy Thanjan
Benoy Thanjan is the Founder and CEO of Reneu Energy, as well as an advisor for several solar startup companies. Reneu Energy is a premier international solar energy consulting firm and developer, and the company focuses on developing commercial and industrial solar, as well as utility scale solar plus storage projects. The company also sources financing for solar projects and hedges both energy and environmental commodities. Reneu Energy has brokered $27 million in environmental commodity transactions.
Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity, which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity, to move into the east coast markets. Benoy also worked at Vanguard Energy Partners, Ridgewood Renewable Power, and Deloitte & Touche.
Li Wang
Li Wang is a life-long journalist and communications professional. He worked as an intern for the Philadelphia Daily News, during the summer of the O.J. trial, and has since had some fascinating jobs, from being a business reporter, to an arts editor, to a film critic. He has since shifted his focus to digital marketing and creative services, and now his company, MJ Wang Media, develops brand messaging and identity through website design and content marketing.
Insight from this episode:
Quotes from the show:
Resources Mentioned:
Gary Vaynerchuk, Youtube Channel
Featured Book:
Ego Is the Enemy by Ryan Holiday
Featured Quote:
“Since 2005, when ITC was first passed by the Republican led congress and signed into law by President George W. Bush. The ITC has created hundreds of thousands of jobs. Sparked more than $40 billion in pride investment and helped solar grow by more than 10,000 percent.” – Abigail Ross Hopper, CEO of Solar Energy Industry Association
Featured Link:
Benoy spoke about the Energy Storage Midyear Snapshot by Nikola Power
https://nikolapower.com/blog/2019/7/1/energy-storage-midyear-snapshot
Stay Connected:
Benoy Thanjan
info@reneuenergy.com
LinkedIn.com/bthanjan
Facebook: Reneu Energy
www.reneuenergy.com
Li Wang
MJWangMedia.com
Instagram: @liwang22
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