MIT Energy Finance Forum 2012
--- About the Energy Finance Forum---
We are excited to invite you to the fourth annual MIT Energy Finance Forum. This year's theme is New Realities, New Opportunities: The recent evolution of the energy and power sector.
Date: Friday, November 16th 2012 - All day conference
Location: Boston Marriott Cambridge Two Cambridge Center, 50 Broadway Cambridge, MA 02142
Website (updates coming soon): mitenergyfinanceforum.org
Keynote and Panel Information listed below.
Today's spotlight on energy couldn't be brighter. From election-year political debates in Washington to nuclear disaster recovery in Japan to historic changes in credit markets throughout Europe, policymakers from state and local governments, public and private entities, and investors alike are at critical decision points on how to finance necessary energy initiatives. Developments in non-traditional sources such as shale, wind, solar and biofuels continue to accelerate their progress against traditional sources. This year's themespecifically looks at the impact that natural gas prices have had on the energy landscape.
We are thrilled to announce keynote speeches by Ralph Izzo, Chairman and CEO of PSEG and Cyrille du Peloux, President and Chief Executive Officer of Veolia Energy North America.
The MIT Energy Finance Forum is the central point of the MIT Energy Community's business and energy nexus. This student-led conference will feature speakers from both the private and public sectors and is attended by hundreds of senior business executives and the brightest in academia.
The Forum is a collaboration between the MIT Energy Club and the MIT Sloan School of Management's Energy Club. Central to this Forum is MIT Sloan's mission 'to develop principled, innovative leaders who improve the world and to generate ideas that advance management practice.'
Energy issues will continue to remain at the forefront for decision-makers in the policy and business worlds for years to come. Come explore these issues with us as we seek to develop the next generation of principled energy leaders.
--- Panels ---
-The Global Effects of the Commoditization of Natural Gas
The commoditization of the natural gas industry is confounded with both physical and financial boundaries. The purpose of this panel is to address these boundaries from a financing and planning perspective to help uncover potential steps forward that can help reach a goal of natural gas as a globally traded commodity. This panel will discuss the concept of global commoditization and discuss a wide range of industry impacts based on the assumption that natural gas could become as available or more available than oil.
- Financing the Other Side of “The Bridge”
Natural gas has been heralded to be "The Bridge" that will segway mainstream use of fossil fuels into an era of clean energy generation. The vast financial resources required to build this “Bridge”, however, could result in difficult business cycles for companies developing the promising energy technologies of the future. This panel examines these challenges from the viewpoint of key stakeholders within this “FutureTech” energy space.
-The Cost of Low Priced Energy - How Will Cheap Gas Impact Energy Storage Investment and Scaling?
Grid level energy storage remains one of many roadblocks to alternative energies, such as solar and wind, making an impact on base load power. While each of the current solutions face considerable challenges including cost and geographical limitations, the potential return for success is tremendous. The panel will explore various energy storage approaches’ commercial viability, scalability and cost effectiveness, and the impact that low energy costs may have on this emerging energy sub-sector.
- Financing Solar Energy
The solar energy industry has evolved drastically over the past few years amidst competition from low cost manufacturers and the emergence of ever more efficient technologies. Nonetheless, new residential and commercial scale projects continue to attract large investments from a variety of funding sources. This panel will explore trends in the solar energy industry and discuss the implications these trends have had on the ability to procure financing for new solar technologies as well as residential and commercial scale projects.
- Entrepreneurship in Oil & Gas
Oil and gas entrepreneurs face tremendous challenges given the need for cutting edge technology, CAPEX intensive investment and the overall high risk environment of energy supply and production. Despite the dominance of existing global players from exploration and production to refining and transportation, opportunities exist for innovative business models and technologies that address needs throughout the hydrocarbon value chain. This panel will explore these opportunities and the role of innovation in a field that has long been considered a conventional source of energy.
-Entrepreneur-VC Relationship in Energy
Over the past several years the VC community has taken an increasingly active role in the energy sector. These bets have run the gamut in terms of the technologies funded, relative maturity of the companies, and the markets in which they're working. This panel will bring together entrepreneurs and members of the VC community to illuminate the wants and needs of each side given the current energy landscape (i.e. low natural gas prices) but also potential futures. In this way, the panel serves as a sneak peak into the actual connections being made between enthusiastic energy startups and seasoned venture capitalists.
- Public-Private Partnerships in Energy
The financing of energy projects is often a collaboration between public and private sectors. This panel will explore the state and current direction of public-private partnerships in energy.
- Energy Analysts
Expert analysts in the energy field will present a current and forward-looking view of the state of energy financing, with a particular focus on the impacts of natural gas supply and prices.
Panels are subject to change
--- Opening Keynote: Ralph Izzo, Chairman and CEO of PSEG ---
Ralph Izzo is chairman, president and chief executive officer of Public Service Enterprise Group Incorporated (PSEG). He had been named the company’s president and chief operating officer and a member of the board of directors of PSEG in October 2006. Mr. Izzo was named chairman of the board in April 2007.
Previously, Mr. Izzo was president and chief operating officer of Public Service Electric and Gas Company (PSE&G). Since joining PSE&G in 1992, Mr. Izzo has held several executive positions within PSEG’s family of companies.
Under Mr. Izzo’s leadership, PSEG has become increasingly known for its clean energy investments and support for national action on climate change and other critical environmental issues. The company’s New Jersey utility is investing $1 billion to expand access to energy efficiency and renewable solar power in the state.
Mr. Izzo’s background spans the worlds of science, public policy and business. He began his career as a research scientist at the Princeton Plasma Physics Laboratory and served as an advisor to then Senator Bill Bradley and New Jersey Governor Thomas H. Kean.
Mr. Izzo received his bachelor’s and master’s degrees in mechanical engineering and his doctorate in applied physics from Columbia University. He also received a master of business administration degree from the Rutgers Graduate School of Management.
Mr. Izzo serves as chair of the Rutgers University Board of Governors and on the board of directors for the New Jersey Chamber of Commerce, the New Jersey Utilities Association, the Edison Electric Institute (EEI), the Nuclear Energy Institute (NEI), the Institute for Nuclear Power Operations (INPO), the National Center on Addiction and Substance Abuse at Columbia University (CASA), and The Center for Energy Workforce Development.
--- Closing Keynote: Cyrille du Peloux, President and Chief Executive Officer of Veolia Energy North America ---
Mr. du Peloux is President and Chief Executive Officer of Veolia Energy North America. As an executive for the Veolia Environnement group of companies since 2002, Mr. du Peloux has previously served as a CEO in both Veolia's waste management and transportation divisions. He has also served as a member of the management board of Veolia Environnement. In total, Mr. du Peloux has served as a senior executive at multiple companies, and in multiple industries, for more than twenty-five years.
From 2007-2011, Mr. du Peloux was CEO of Veolia Transport, and served as Chairman of the French Union of Public Transport from 2009-2011. Prior to his transition to Veolia Transport, Mr. du Peloux spent five years as CEO of Veolia Environmental Services in Northern Europe and the United Kingdom.
Before joining Veolia Environnement, Mr. du Peloux enjoyed a career in multiple industries. From 1999-2002, he served as COO of Bull and CEO of Bull Services in France, companies that design, implement and run information technology solutions for public and private sector organizations. From 1992-1999, Mr. du Peloux worked for Lyonnaise Des Eaux, serving as Chairman and CEO of Lyonnaise Communications (cable television networks) and as CEO of TPS digital satellite television. From 1985-1992, Mr. du Peloux was an executive at Bouygues, a large French industrial company, with operations in telecom/media services and new construction businesses. At Bouygues, he served first as head of the development department, and then as Deputy CEO of TF1 television. Prior to these positions, Mr. du Peloux served as COO of CDF-Energy at Charbonnage de France for one year, and also spent five years working in the Department of Energy at the French Ministry of Industry.
Mr. du Peloux earned degrees in Engineering at Ecole Polytechnique and at Ecole des Ponts et Chaussees, with both institutions located in Paris, France.
---Sponsorship and Speaking Opportunities ----
To express interest in sponsorship or speaking opportunities at the MIT Sloan EFF 2012 or the MIT Sloan EFF 2013, please contact email@example.com.