On December 1, 2017, SEIC members Stephanie Chen, Tracy Jacobson, Jonathan Kienzle, Levent Touter, and David Wu competed in the 9th annual Renewable Energy Case Competition (RECC) held by University of Michigan Ross School of Business.
This year, the case challenges the teams to create a plan for a mid-sized private food company to meet its goal of procuring 100% of its electricity from renewable sources by 2030. The energy procurement strategy may include VPPA(s), green tariff through utility, voluntary RECs, and on-site solar generation. The Stern team – named “Solar Flares” – was selected as one of 16 teams from top-tier MBA programs around the world to present its procurement strategy to a panel of judges from firms such as DTE Energy, Schneider Electric, and Lazard.
Although Solar Flares did not advance to the final round of presentations, the team received praise and found it especially inspiring to see the diverse approaches used by the different teams to tackle the same challenge. In addition, through researching and creating an energy procurement plan for the competition, the Stern team learned about the energy mixes in different grids and how they impact the supply risk associated with them and understood the implications of the different procurement alternatives on current energy sustainability issues. Solar Flares team members enjoyed competing in RECC very much and look forward to participating again next year with other Stern students interested in renewable energy!