Clean Energy View: Using Weather Science To Manage Risk

According to a report from the Economist Intelligence Unit, in 2010, global investment in new renewable energy projects exceeded investment in new fossil fuel fired plants for the first time, largely driven by a mix of renewable energy incentives and political pressure to invest in less emission-intensive energy production. Yet although investments in renewable energy plants are growing, so are the risks.

Renewable energy resources such as solar, wind and hydro are not only weather-driven but are climate dependent. The science of climatology deals with the ‘statistical’ side of the weather. By studying the weather patterns and climate change, we can further cultivate the successful development and operation of renewable energy projects. Risk assessment is an important factor for successful entrepreneurship of renewable energy production.

3TIER is a company that was founded on the idea that bringing the latest science to the renewable energy industry would close information gaps about resource variability and propel the adoption of clean energy worldwide. The company is driven by the belief that their clients' financial success will propagate a sustainable future powered by renewable energy.

In this segment of The Clean Energy View Radio Show, hosts, June Stoyer and host, Luis Mejia, Managing Partner, Murdock Capital Partners talk to Craig Husa, CEO of 3Tier.com to discuss the risk assessment in renewable energy production. Mr. Husa has over 20 years of leadership experience in high-growth, technology companies. Mr. Husa earned a MBA from the Harvard Business School and a BS, with distinction, in Systems Engineering from the US Naval Academy. As an officer in the Navy, he also received advanced training and qualifications in nuclear engineering and served on submarines.