Please join the Atlantic Council Global Energy Center for the next episode of EnergySource Innovation Stream. This series highlights energy innovations with the potential to reshape the global energy system through discussions with companies and individuals working diligently to enable those innovations to impact and accelerate the energy transition. On Wednesday, July 13 from 3:30 p.m. – 4:00 p.m. ET, the Global Energy Center will host David Luke Oates, senior vice president of power markets research at REsurety, to discuss the company’s approach to calculating carbon displacement and optimizing the emissions reductions potential of energy installations. Emily Burlinghaus, nonresident fellow at the Atlantic Council Global Energy Center, will moderate the discussion.
The quickening pace of clean energy deployment means that more and more megawatt-hours of electricity can be delivered using emissions-free sources of generation. But though making those clean sources widely available is an important first step, their deployment should not be the ultimate goal. Rather, the objective should be to use this clean electricity to actually displace carbon emissions from dirtier power sources at various nodes on the grid. Bridging these two aims—deployment and displacement—will require a more accurate way to measure exactly how much carbon-intensive generation a clean energy source is keeping out of the atmosphere by connecting to a particular point on the grid at a particular time.
To do so, REsurety has sought to develop a better metric for carbon displacement by measuring locational marginal emissions (LME). This metric identifies the counterfactual generators that would have been putting energy on the grid if not for the electricity generated by the clean energy source at that location and time. Thus, LME links the emissions reductions value of a particular energy installation to the type of energy it would be replacing, helping grid planners, investors, and offtakers to better assess impact. REsurety’s team is committed to ensuring that the resources pledged to the energy transition are used in the most efficient, effective ways possible.
Please join this conversation via the web application Zoom, which is accessible through your web browser, the Zoom desktop or mobile app, and by phone. If you wish to join the question-and-answer period, you must join via Zoom. You must register to receive further information on how to join the virtual audience.
David Luke Oates, Senior Vice President of Power Markets Research, REsurety
David Luke Oates is an engineer and researcher with experience in statistical and fundamentals-based modeling of wholesale electricity systems. Before joining the REsurety team, he was a consultant at the Brattle Group, supporting electricity market operators, utilities, and asset owners to address market design, asset valuation, and regulatory questions. At REsurety, he is helping to advance power price analytics in the context of emerging issues in the electricity sector.
Dr. Oates holds a Ph.D. in Engineering and Public Policy from Carnegie Mellon University and a Bachelor’s degree in Engineering Physics from Queen’s University, Canada.
The Global Energy Center develops and promotes pragmatic and nonpartisan policy solutions designed to advance global energy security, enhance economic opportunity, and accelerate pathways to net-zero emissions.