Episode 507: This is the way to scale customer experience (Beyond O&M Series, 1 of 6)

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Seattle-based Omnidian provides comprehensive protection plans for commercial, industrial and residential solar energy investments — and delivers what Chief Operating Officer Dave Kenny describes as retail-inspired excellence in customer experience (CX). 

In today's podcast, Dave presents compelling data that underscores the need for a more robust, customer-centric experiences in the solar industry. He also illuminates how enterprising entrepreneurs can leverage data and the evolving Internet of Things (IoT) to deliver on customer-centric experience at scale. 

"Imagine a world where the phone rings, you answer, and the person on the other end of the phone tells you your asset had a recent performance problem associated with a particular root cause. The caller offers to help you troubleshoot and resolve the issue live on the phone, schedule a time at your convenience to have that call, or have somebody come out to your facility, home or site to fix the problem. That's the experience we're looking for," Dave said.

Dave has spent more than 15 years building solar plants and the teams and software to keep them running. In this first episode of our Beyond O&M: The Future of Solar series, Dave discusses the evolution of solar as an asset class through his deep experience in building operations and fleet management for both utility-scale solar portfolios and national residential solar leaders such as SunRun. 

Six-year-old Omnidian operates software platforms that monitor and remotely diagnose problems relating to the performance of solar power assets. It also uses actuarial data, an understanding of weather risk and advanced monitoring capabilities to offer a performance guarantee.

Issue detection helps avoid the "horror stories" about solar installations that are unknowingly offline for months. A customer only discovers the problem after receiving an unexpectedly large utility bill and "walking out into the garage and seeing the thing is off."

Dave compares issue detection to finding a needle in a haystack.

"The hay is all of the noise. And when you're looking at a large portfolio of assets, there's a lot of noise. There are a lot of nuisance alerts. A lot of emails are triggered, and a lot of time, energy, and effort goes into figuring out what is noise and what isn't. 

The proverbial needle is the actionable issue. And again, if you’ve got a large portfolio of assets, there are needles inside that haystack. The challenge is in finding them,
— David Kenny

At a conceptual level, Dave said there are two ways to approach monitoring and issue detection. One way is to tune into the stream of notifications from individual components and "filter through the noise because there's a lot of it" to find anything actionable. The other is to ignore the data feed and think about generated kilowatt hours.

"Expected kilowatt hours are a function of weather conditions on site, the design attributes of the system, the array, and a production model or simulation engine. If you can get that right, you can do a lot with it," he said.

By examining the variance between actual and expected kilowatt hours, it's possible to develop pattern recognition around the various signatures in the data. "Of course, the most powerful approach is to leverage both by combining the two strategies into integrated issue detection," he said.

Historical operational experience closes the loop. Omnidian creates robust data science solutions that can detect, confirm and diagnose issues by connecting past service activity to the anomalies observed and flagged in the time series data.

How customers feel about interactions with a company dramatically impacts their loyalty to that company. To optimize customer experience and build loyalty, companies must make customers feel valued, solve issues quickly, and communicate promptly, using plain language. 

Dave said Omnidian is advancing its customer experience strategy by doing precisely those things. "At the end of the day, we're selling trust," he said. The key is ensuring customers trust their solar technologies will generate a return on investment, unlock flexibility in energy procurement, and help drive progress on climate change.

"Then we, as an industry, are positioned to drive even more accelerated growth across the country," he said.

Dave has much more to say in this deep dive into The Future of Solar. I hope you have a chance to tune into the entire podcast and follow along as we unwrap this six-part series in partnership with Omnidian. You can check out the series and the experts who comprise it at: www.mysuncast.com/futureofsolar.


RESOURCES:

Connect with Dave Kenny on LinkedIn

Follow Omnidian on LinkedIn, Twitter, YouTube and check out its website.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 506: Your VOICE is a powerful weapon…Climate Champions pod interview of Nico

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Words have intrinsic power and gain even more intensity when we share them with honesty, vulnerability and heart. And that's why I'm deviating from our usual SunCast formula today to share my interview by Lee Krevat on his podcast, The Climate Champions from earlier this year.

It's full of raw emotion about my life, views on climate and how we can shape the world for ourselves and our children. It's deep, and I appreciate how Lee enticed me to reveal so much in our conversation, teasing stories and insights that I had not previously shared.

Lee has more than three decades of experience in the energy and technology industries. As the CEO of Krevat Energy Innovations, he helps clean technology start-ups, utilities, regulators, legislatures, and environmentally-focused companies and communities bring clean energy and clean transportation solutions to market. 

Before founding his own company, he spent 20 years in various roles with Southern California-based Sempra Energy, including Sempra Renewables, Sempra Utilities and San Diego Gas & Electric (SDG&E). While working at SDG&E, he founded and served as director of its Smart Grid Team.

GreenTech Media named Lee twice on its list of 100 movers and shakers in the smart grid market. And Intelligent Utility Magazine twice recognized him as a Top 12 Utility Mover and Shaker and Utility Champion!

It was an honor to sit down with him to reflect on the meaning of the work here at SunCast and why I do the work I do. I love his format. And more than that, I love Lee's candor as he explores leadership in the fight to mitigate climate change.

After 16 years in the solar industry and more than 500 podcasts of my own, I can tell you the greatest weapons we have to fight climate change are our voices. In our conversation, Lee encouraged me to dig deep to share a few more yet-to-be-told stories that I hope will give you greater context to my work as a climate activist.

It all flows from my decision to walk away from a music career and plans to climb the corporate ladder. In our 20s, we aren't always encouraged to experiment enough, and I was fortunate to have a professor in my life who pushed me to consider alternatives.

So I joined the Peace Corps. After more than two years in a remote Guatemalan fishing village, a month before my close of service, a devastating hurricane hit and completely isolated our community of roughly 3000 people. It was that catastrophe that brought home for me the climate reality that small coastal villages in rural parts of the world face every day: their home is under threat because of decisions made by humanity over the course of the last Century. It was a defining moment in my relatively young professional life and career. I remember bringing international aid into town just so people could have clean water, food and medical care.

The experience unsettled me and reminded me of the privilege I was born into. So when I came back to the States, I felt an obligation to find a way to at least create awareness, if not change, and took it upon myself to explore how I could broadly contribute to sustainability.

I realized industrial growth contributes to a discrepancy in life experiences and that many people worldwide deserve a better future and ways to mitigate climate change. It was a catalyst to get into renewables.

For the past seven years, I've been obsessed with sharing the stories of cleantech entrepreneurs, intrapreneurs, founders and executives — all contributing to the most incredible story of our time, the energy transition.

I've found that renewable energy, because of its economic benefits, gives me significant leverage to discuss climate action. I don't bring it up to argue climate or anthropogenic change, but to say, "All else being equal, would you generate your own electricity and reduce your reliance on fossil fuels & externalities you can’t control, if you could?' And I find many people say, 'Yes, I want that self-reliance."

There are so many people we have an opportunity to convert and enlighten about ways they can personally take action towards a climate their grandchildren's grandchildren can enjoy — a world that doesn't look like bubble cities with pumped-in oxygen.

Folks are lonelier and more isolated than they've ever been. The work podcasters like Lee and I do connects individuals in ways that we could not have imagined to a community and a cause that many of them didn't know would resonate before the pandemic. It's meaningful work and a profound responsibility I feel very fortunate to carry.

Thank you for listening today. I hope you enjoy Lee's podcast as much as I enjoyed contributing to it, and I encourage you to subscribe as he has had meaningful conversations with many of my friends, mentors and heroes.


RESOURCES:

Connect with Lee Krevat on LinkedIn, Twitter and on his podcast, The Climate Champions.

Follow Krevat Energy Innovations on LinkedIn and check out its website.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 505: Leading one of the world’s largest battery Integrators, Andy Tang of Wärtsilä

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Andy Tang is the vice president of energy storage and optimization for Wärtsilä's global Energy Business and works directly with utilities and power producers to accelerate the shift toward a 100% renewable energy future. 

For nearly three decades, he's led business development, strategic planning, corporate finance and mergers and acquisitions for some of the most influential players in the energy and telecom sectors. From modernizing the electric grid with smart meters to replacing aging grids with energy storage and microgrids, Andy stands at the bleeding edge of the digital energy frontier. 

His position at Wärtsilä evolved from a job he accepted in 2014 at Greensmith Energy, a provider of energy storage software and integration services. Helsinki, Finland-based Wärtsilä acquired Greensmith in 2014 to expand its footprint in the energy storage market globally and improve its position itself as an energy system integrator.

In his current role, Andy has full responsibility for Wärtsilä's energy storage business. Because energy storage underpins flexibility solutions and balances the intermittent nature of renewable power generation, it's an essential component of a reliable system. 

In the past year, Andy has led massive growth in Warsilla's Energy Business, increasing order intake more than tenfold. 

A first-generation Chinese immigrant, Andy was expected to follow the footprints of his siblings in a medical career. But in his first year of college, he realized it was an uncomfortable path for someone who dislikes hospitals and the sight of blood.

"I made a difficult decision, and I informed my very Chinese widowed mother, who accepted it with much disappointment," he said. "She now begrudgingly understands I've been able to carve a reasonable position for myself and my family, though as recently as 10 years ago, she was still telling me it wasn't too late to go to medical school."

By any objective standard, Andy is a success. He leveraged his early career experience in investment banking to gain a bird's eye view of various business sectors. His insights eventually made him a champion for new technology, especially in telecom and the industries it spawned, like clean energy.

"Around 2006, there was a lot of talk about modernizing the power grid, and this was kind of the first generation of clean tech," Andy recalled. Although he considered some of the entrepreneurial opportunities developing around the technology, in 2007, he opted for a job as senior director of customer energy products at Pacific Gas and Electric Company.

"It was on the verge of deploying a smart meter and brought me in to help evaluate the technology decisions," he said. Electric companies need to support the highest load curve — a reality that parallels telecom companies' need to build networks to support the maximum number of simultaneous calls.

"We support the load curve for the hottest or coldest day, depending on where you live," he said.

Andy left PG&E in 2011 to indulge his entrepreneurial side. He started one company that assessed commercial building efficiency with artificial intelligence and smart building technology, and after it failed, a software company that helped utilities improve demand response.

Through success and setbacks, Andy has persevered and believes all his experiences have shaped him into an effective leader that understands the imperative of solid teamwork. 

"In leadership and managing a team, you need to break down petty human nature, defensiveness, the 'well, it's not my fault,' and the lack of accountability or unwillingness to be accountable for specific areas. You need to get to that point where you behave like a team," he said

Tune into today's podcast to hear more about Andy's journey and his insights, observations and forecasts about power markets and the technologies that will enable them to evolve. He also shares his views on how AI and other innovations shape the energy sector.


RESOURCES:

Connect with Andy Tang on LinkedIn.

Find Wärtsilä Corp on LinkedIn, Twitter, Facebook, Instagram, YouTube and its website.


BOOKS MENTIONED AND RECOMMENDATIONS:

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NOTEWORTHY QUOTE:

I started developing some heart issues, and actually had a full blown heart attack at the age of 35. And so that really caused me to take a pause and say, what’s important to me? And what do I want to do?
— Andy Tang

Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 504: Free Money For California Cleantech (Apply Now!), Tenley Dalstrom of New Energy Nexus

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Tenley Dalstrom describes herself as an architect and director of programs that increase social, environmental, and economic justice by accelerating the global transition to a clean energy economy. 

As director of the California Testbed (CalTestBed) initiative at New Energy Nexus (NEX), she works with all types of clean energy technology innovators and entrepreneurs to bring their concepts to market. 

CalTestBed provides $8.8 million in testing vouchers to California clean energy entrepreneurs for third-party technology testing at more than 70 facilities across nine University of California campuses and the Lawrence Berkeley National Laboratory — aka Berkeley Lab — near UC Berkeley. 

Oakland, California-based NEX administers CalTestBed.

Tenley's efforts help startups tap incredible resources — CalTestBed and others, like the American-Made Solar Prize, a multi-million-dollar U.S. Dept. of Energy competition. These programs help young companies get off the ground and enable more established ones to get products into buyers' hands. 

Many entrepreneurs aren't aware of the millions of dollars available for testing at world-class labs in California and beyond, Tenley said.

CalTestBed is one of several programs championed by the California Energy Commission. The first, CalSEED, offers grants of up to $600,000 to early-stage clean energy entrepreneurs to accelerate California's clean energy goals.

"The California Energy Commission determined California entrepreneurs needed some non-dilutive startup funds. And then, it realized the next valley of death was access to world-class testing facilities. It's expensive. And sometimes, it's walled off from entrepreneurs," she said. 

By streamlining testing access, CalTestBed assists entrepreneurs refine their technology prototypes to meet customer specifications while accelerating some of California's most promising clean energy technologies to market.

The program has grown from 28 testbed facilities to 73, mainly through collaboration with NEX and other entities. "We have an extraordinary breadth of equipment and facilities that are available to help de-risk clean energy technologies as they accelerate towards commercialization," Tenley said, adding that testing increases reliability and safety and lowers costs.

Eligible companies can submit applications through August 19. 

The grants are open to California-based hardware or integrated hardware-software companies with ready-to-test prototypes in hand. The technologies have to fall into one of 10 categories: building technologies, energy efficiency, energy storage, grid technologies, industrial and agricultural innovation, internet of things, material-based, renewable generation, transportation or water technologies.

"I'm very excited to see the diversity of the innovations and the diversity of the innovators. I'd like to see a wide swath of people across the state interested in the program," Tenley said.

Prospective applicants have until October 6 to enter the American Made Solar Prize Round 6, which offers $4.1 million in cash prizes to competitors over three progressive contests. Tenley was involved in one of the group’s branding efforts, called “Be Revolutionary.”

Solar Prize competitors participate in three contests —Ready!, Set! and Go! — and can join an optional additional challenge to advance solar in underserved communities. 

Participants who choose to incorporate that initiative into their solutions can win a new Justice, Equity, Diversity, and Inclusion (JEDI) Contest and a bonus cash prize. Tenley is a JEDI Advisory Committee member.

"The American Made Solar prize is a terrific opportunity for solar companies looking to accelerate. The prize requires very little lift on the applicant's part, does not require a lot of reporting, and it's non-diluted funding," she said.

Tenley previously served as director of the Obama administration's Solar Ready Vets Program at the Solar Foundation and supported several U.S. Department of Energy initiatives, including the design and launch of the U.S. Clean Energy Education and Empowerment (C3E) women's initiative, the Smart Grid Investment Grants program, and the Quadrennial Energy Review.  

She also spent more than five years in the Peace Corps.

Tenley is a passionate and well-rounded solar warrior who sang in band and participated in NCAA rowing in college. She also spent more than 15 years learning to make pottery — a feat of persistence and determination that may have set the stage for the tenacity she demonstrates today.


RESOURCES:

Find Tenley on LinkedIn and Twitter.

Connect with New Energy Nexus on LinkedIn, Twitter, Facebook, YouTube and on its website.


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 503: Democratizing the clean energy revolution; Steph Speirs, CEO of Solstice

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Solstice Wants To Democratize The Clean Energy Revolution

CEO Steph Speirs Works For Energy Equity And Solar In Every Home

Globally, solar is seeing staggering growth and demand is exceeding expectations. But there's a problem. 

In the United States alone, about 90 million households are locked out of the solar marketplace. Maybe they rent their homes, have less than optimal credit scores, or their roof is too shaded or otherwise unsuited to a solar array. 

Entrepreneur and community builder Steph Speirs aims to unlock the possibility of solar power for these households. Steph is the co-founder and CEO of Solstice, which wants to turbocharge access to clean energy through community solar and "make the clean energy revolution work for everyone in America."

We've talked a lot lately on SunCast about the need for a more equitable and inclusive approach to solar for all households. In today's discussion, Steph and I explore this theme through innovations like the Solstice energy score, a proprietary underwriting standard for solar customers. It's more accurate in predicting who will pay their utility bill and more inclusive of low-income Americans than traditional FICO credit scores, those three-digit numbers used to assess creditworthiness. 

Steph believes "the role of power and privilege is to use it to open up doors for other folks to access that same power" and shares that perspective in a most engaging exchange today. 

It's hard to know where to start with Steph's accolades and awards because she boasts more than three dozen. They include a 2021 Entrepreneurship Award from the U.S. Clean Energy Education and Empowerment (C3E) Initiative, a joint initiative of the U.S. Department of Energy, MIT Energy Initiative, Stanford University's Precourt Institute for Energy, and the Texas A&M Energy Institute.

She also earned recognition as Elle's U.S. Women Entrepreneur of the Year; Inc Magazine's Female Founder 100; an Echoing Green Climate Fellow; a Kia Revisionary; a Renewable Energy World 40 Under 40 in Solar; a Grist 50 Fixer; a P.D. Soros Fellowship for New Americans; a Gerson Lehrman Group Social Impact Fellow; and an Acumen Global Fellow.

Since 2007, she's led such a remarkable career that it would humble even the most ambitious among us. From leading sales and marketing innovation in India at d.light to spearheading venture capital firm Acumen's renewable energy impact investment strategy in Pakistan, Steph’s private market innovation & entrepreneurship, have been lauded. Yet, it’s her public sector work that catches the eye of many. She developed Middle East policy as the youngest policy director at the White House National Security Council, served as a special assistant to the Office of the Secretary in the U.S. Department of Homeland Security, and managed field operations in seven states for the first Obama presidential campaign. 

"The number one job that prepared me to do what I do today is being a community organizer with the Obama campaign," she said.

She defined community organizing as getting people to work together towards a common task, which often seems "unbelievably impossible because it is in the face of a Goliath-like challenge." Organizers seek out people closest to the problem and ask them about the optimal solution. It means giving up control so the organization can scale through impact through the people on the ground, she explained.

"Our job is to empower them, to include them and to respect them. People power is a renewable resource. Energy is contagious, and people can do impossible things when they work together. And that's what we need to solve climate change, too."

Steph's mother is Korean, and her father was "born on a road in Laos," adopted from China and "didn't know his own father, so somewhat questionable ethnic history."  

As a first-generation American who grew up in Hawaii, she learned about living in harmony with the land. "When you live on an island, you know your resources are limited. You live it every day, and you breathe it every day. 

"In fact, the Earth is an island, but we don't see it that way. And so it's often the people of island nations teaching us how to live in harmony with the environment. They know that we are affected by our environment, whether we acknowledge it or not," she explained.

She thinks her childhood planted the seeds of entrepreneurship, which she believes comes in two forms. Entrepreneurs are born either of necessity — like immigrants who start businesses to overcome limited employment options — or out of privilege. 

"If you're in a stable enough place in your life, you can take a huge risk, making it easier to be an entrepreneur. I was lucky to have the latter situation. Not that I've ever had money, but I had a good education because my mom sacrificed for her three children," she said.

Steph has a B.A. in History and International Studies from Yale, a Master's in Public Affairs (MPA) with distinction from Princeton, and an MBA from MIT with a Certificate in Entrepreneurship and Innovation. 

After her father's business failed, Steph's mother worked three minimum wage jobs to support her children and give them better lives.

"I became an entrepreneur because I saw my mom and what she was able to create out of nothing," she said.

Steph said she learned about privilege as a "scholarship kid" who attended a private high school filled with folks with lots of money. "Living with one foot in the world of the haves and one foot at home in the world of have-nots, I saw very little separating the two worlds outside the birth lottery and luck," she explained.

It propelled her to plan a career based on creating communities and building organizations that "make things more equal for people, make things fairer, so everyone can thrive, regardless of where they were born or the parents to whom they were born."

She recognizes the past 10 years of her life have been extraordinarily privileged — but wanted to call attention to the people still living with less in the hope of creating more global equity. It was the passion that fueled Solstice.

"My co-founders and I said, 'Let's start a company to make solar more accessible to the people who need the energy savings, people with the lowest incomes and communities of color,'" she said. 

"Those folks are most affected by climate change and least likely to participate in the green economy. So let's ensure clean energy is for everyone — every community — and it's a human right."

Typically, to gain access to solar, you have to pay for it upfront, pay more for a Utility Green Tariff, or obtain a direct renewable energy supply through a retail supplier. You can also get solar financing, but you typically need a FICO score of 680 and above. "That's even true of gaining access to most of the community solar projects in the country. Most developers and financiers require a 680 and above credit score, even if it's a product guaranteeing people savings," she said.

She thinks we need more solutions that make renewable energy cheaper for 60% to 70% of customers who otherwise can't afford it. "They need savings to participate in green power. They cannot buy green power if it's at a premium, particularly in this inflationary environment where energy costs and all costs are going up. People have less to spend. So we need to innovate more," she said.

I hope you tune into today's podcast to hear Steph explain how Solstice set out to find a better, more inclusive qualification standard than FICO scores. She explains Solstice's new community solar qualification metric, the EnergyScore. 

Leveraging data from nearly 875,000 customer records, the EnergyScore aims to predict future payment behavior more accurately than FICO credit scores while simultaneously including a more significant proportion of qualified low-to-moderate income customers.

Steph approaches her business with unusual warmth and compassion for her potential customers. And it's just part of her personality. When asked what she doesn't show on her impressive LinkedIn profile, she noted, "so many failures!"

"People sometimes forget that to succeed, you have to fail. I've often thought about creating a resume of failures, so people realize that it's not just awards and all of that, which are very, very kind for people to bestow on us. But real learning doesn't happen when things are hunky dory and going well. The real learning and humbling moments occur when you're dragged across hot coals, and you have to figure out how to find a solution forward," she said.

When the pandemic hit in early 2020, Steph said her company's revenues disappeared overnight and didn't come back for another couple of quarters. 

"That meant that we had to scramble to pivot our business model on how we reached people because we couldn't reach them in person in a room anymore. The thing that saved us was not me, and the thing that saved us was our team coming together and realizing that nobody had been through this before. There was no playbook, and so we had to learn faster."

Steph said Solstice benefits from community and trust — "a big value in our company." 

"We talk about it constantly and can only move at the speed of trust. Trust is not entitled; it's earned. And you earn trust by treating people well, by advocating for the least among us to get access, and by partnering with only the highest quality providers," she said.

Trust me when I tell you it's worth your time to listen to everything Steph says in today's very enlightening and uplifting show.


RESOURCES:

Connect with Steph Speirs on LinkedIn.

Find Solstice on LinkedIn, Twitter, Facebook and its website.


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 502: Beyond O&M: The Future of Solar

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


This solar industry is crossing the chasm, and the consumers at the “table” today, while they look similar, are much different from those consumers before who were predisposed to taking higher risks, trying technology in advance. 

We're now moving to the early mass market, and they're going to be more risk averse. 

The way we sold to the early adopters to get our first 3 million solar installations won’t get us the next 3 million

 And, let’s be honest, solar has a dirty little secret: It's not "set it and forget it; no moving parts." 

When you step back and look at the 3 million solar assets in the field, there are assets that break every single day; the challenge is in finding them, surfacing them and responding to them.

For too long the industry has ignored the post-installation experience, and the future of solar is actually dependent on changing this narrative and keeping the promises we’ve made, so we can scale to that next million consumers, and beyond.

 This is our educational series, and it’s focused on how we can leverage the post-installation customer experience to move beyond overpromising sales hype and lackluster service response, and find meaningful ways to delight & entice the next wave of clean energy enthusiasts through proactive engagement.

On August 15th, 2022, we debuted a six-part mini-series, in partnership with Omnidian, where we explored how successful companies across the nation and across business sectors are taking a proactive approach to asset management and client satisfaction. From midwest residential to big-city Commercial & Industrial, leading solar experts told us how they’ve built successful business models that leverage technology and strategic partnerships for scale. And they also explain how building a strong culture has been foundational to their business. 

 Whether you are experiencing the pains of a growing solar business or are just starting out and want to learn from the pros, I hope you’ll subscribe to the show & join in this important conversation as we explored the future of solar.


RESOURCES:

Connect with Omnidian on LinkedIn, Twitter, Instagram and on its website.


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 501: How do we STOP these BATTERY Fires?!

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


SimpliPhi Aims To Take The Fire Out Of Lithium Batteries


If your mobile phone or laptop has ever become uncomfortably hot, you have first-hand experience with a concept called thermal runaway. It's one of the primary risks related to lithium-ion batteries, and it happens when the lithium-ion cell enters an uncontrollable, self-heating state.

In the words of today's entrepreneur, Catherine Von Burg, it's a potential hazard the industry should take seriously. "Even small batteries can create very hazardous situations. And now, many in our industry are thinking about scaling up those very small electronics-type batteries into large home or commercial systems — or, even worse —utility-scale systems. It represents a significant hazard," she said.

Catherine has spent the past decade promoting the transition to cleaner and more sustainable energy sources as CEO of SimpliPhi Power

This Oxnard, California-based technology company designs and manufactures a range of energy storage and management systems that integrate solar, wind, generator, or any other power generation source in conjunction with or independent from the grid. 

We've been fortunate to have Catherine on the show twice before (Episodes 148 and 484) to share how she leveraged her biomedical research and humanitarian background to grow what has become one of the most interesting companies in the energy storage space.

She's back today to help us sort some technical issues and explain how SimpliPhi manufactures energy storage solutions that are not only sustainable but safe. 

SimpliPhi products combine what Catherine calls the "inherently safe," non-toxic lithium-ferro phosphate (LFP) chemistry with its proprietary cell and battery architecture, power electronics, Battery Management System (BMS) and manufacturing processes and materials.

When it comes to safety, our industry relies heavily on the National Electrical Code and UL certifications and standards. Two weeks ago, the UL enterprise (formerly Underwriters Laboratories) revealed new brands for its three organizations — UL Research Institutes, UL Standards & Engagement and UL Solutions. 

UL Solutions, which delivers testing, inspection and certification services, is the entity behind the two standards we discuss in today's show.

  • UL 9540 is a safety standard for an energy storage system (ESS) and equipment intended for connection to a local utility grid or standalone application; and

  • UL 9540A is a test method to address potential fire and explosion hazards associated with a battery system, such as an uninterrupted power supply (UPS) or battery energy storage system (BESS). 

Late last year, SimpliPhi announced its PHI batteries completed UL 9540A fire-safety testing protocols and that its AccESS, BOSS.6 and BOSS.12 integrated systems are UL 9540 certified.

During the UL 9540A testing, SimpliPhi forced the cell, battery and unit level equipment into thermal runaway with heaters built into the batteries and demonstrated limited cell to cell propagation, decreasing temperatures, no ignition or fire and no explosive or deflagration events.

In June, Catherine addressed attendees in Bostin at the National Fire Prevention Association conference to explain her company's UL 9540A Fire Safety Test results. She reiterated a core message SimpliPhi has been making since its founding in 2010 — that chemistry matters when creating a safe lithium-ion energy storage solution. 

Of course, other elements in the construction and manufacturing of a battery are essential. However, Catherine believes lithium-ion-based batteries made with cobalt are far riskier than lithium-ion chemistries without cobalt, including the LFP that SimpliPhi uses.

"Very often, as your mobile phone or laptop charges or discharges, it can become very warm if not hot. That's the battery heating up as electrons are being shunted in or pulled out, and it's the beginning of a potential thermal runaway situation," she said.

Manufacturers once thought size alone could mitigate the risk of thermal runaway and didn't consider small batteries in consumer electronics dangerous. But after multiple reports of small electronics fires, we know that's not true.

Catherine said SimpliPhi decided to use LFP-based batteries in cylindrical cells after evaluating risk profiles across chemistries and form factors. The company sought UL 9540A testing because "we have a very safe battery" and wanted to prove it.

Testing isn't cheap, costing upwards of half a million dollars. But Catherine thinks it's a necessary expense to promote safety and transparency in an evolving industry.

SimpliPhi will continue demonstrating its commitment to advancing the energy storage market by publicly releasing its UL 9540A test results "to set a standard of transparency concerning performance and public safety issues," she said.

Moreover, she called on all battery manufacturers to publish their UL 9540A test results to inform the public. "It is not the only step to empower the consumer to make informed purchasing decisions, but it is a significant beginning. This type of disclosure will also drive innovation and propel the entire industry forward," she said.

Unfortunately, she added, some battery manufacturers continue to obfuscate the chemistry and form factor they use — "and, frankly, even if they're just white labeling cheap batteries imported under their US brand."

But she believes manufacturers of ESS systems batteries are at the forefront regarding customers. "Manufacturers need to disclose what they are using in building their batteries," she said.

SimpliPhi will also continue educating Nationally Recognized Testing Laboratories (NRTLs) about the safety profile of its chemistry and cell form factor. 

"We're also in the business of helping educate firefighters and authorities having jurisdiction (AHJ), which is why we release our report anytime it's asked, and put our reports on our website, so anybody who wants these can download them," she said.

She said this would propel innovation and competition to move battery chemistry beyond lithium-ion into other types of solutions. "Transparency and competition are good because they drive innovation, and consumers drive markets. They need to know about that innovation and the materials used in the products they purchase," she continued.

It's a great conversation, and I hope you take the time to listen to it. And again — head over to SimpliphiPower.com/fire-safety to learn more about the company, its technologies and its UL 9540A- Fire Safety Test.

TIMESTAMPS:

(05:23) Distinction between 9540 and 9540A
(07:23) What thermal runaway represent for the end user
(10:31)Hazards of risk profile across chemistry to the storage industry
(16:42) Test protocol required to go through 9540A
(20:18) Is IP trade secrets the reason for not publishing 9540A test result data
(24:44) What 9540 and 9540A can help identify
(32:06) How transparency and competition will drive innovation
(35:50) Where to learn more about 9540A
(38:25) Wrap up


RESOURCES:

Connect with Catherine on LinkedIn

Connect with SimpliPhi Power, Inc. on LinkedIn, Twitter, Facebook, Instagram, YouTube and on its website.


NOTEWORTHY QUOTE:

We have taken a position as a company that we will take the risk and publicly publish our 9540A test results at the cell battery and large unit level, because we are committed to informing the industry.
— Catherine Von Burg

ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 500: GROWTH Lessons from 500 EPISODES, with GUEST HOST, Andy Klump!!!

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


SunCast reaches 500th podcast in the renewable energy space

Today is our 500th podcast — and wow! It feels so interesting to think I've done this so many times. I want to say thank you so much for lending me your ears and the only nonrenewable resource you possess, your time.

I'm honored and want to thank you for giving SunCast a chance to earn your attention. I hope you get a ton of value from this episode and the wealth of content that came before it. 

We've recorded more than 25,000 minutes of audio, the equivalent of 17.36 days, 2.48 weeks, and more than half a month of continuous listening.

I'm over the moon to have achieved such a momentous milestone. And I genuinely say this from the deepest place of gratitude: I could not have achieved even 50 episodes if you were not downloading this podcast and encouraging me to keep going. I'll also note that I've always said the first 500 shows are, well, they're just practice for whatever comes next.

In a departure from our usual format, I'll step into the spotlight for today's show. I asked my good friend, Andy Klump, CEO and founder of Clean Energy Associates, to guide me through the process of unpacking the meaning of this milestone and how we got here. Andy is a SunCast legend, with three appearances on the show (Episodes 120, 335 and 414) and the record as the most downloaded all-time guest.

I'm honored by the amazing guests I've encountered on the SunCast journey and credit each one for encouraging me to deepen my commitment to the renewable energy space. They've transformed me from a person my mother describes as "a man with boundless energy who never met a stranger" into a polished podcaster with an ever-increasing understanding of energy-related issues, technologies and challenges.

I already shared my origin story In Episode 100, when I brought in mega-connector and solar industry maven, Scott “Sully” Sullivan. 

Now I want to recognize all the CEOs who shared such excellent stories over the years, including Mary Powell (Episode 450), Dan Shugar (Episodes 39 and 57), Bill Nussey (Episodes 125, 135, 387, 407, 421/422 and 499) and Michele Magee (Episode 388). Their experiences reminded me to persevere, take risks and understand that success grows from a willingness to fail.

Michele says growth flows from a clear strategy. "A wise person once taught me that structure follows strategy, which means if you define your strategy, you take all the names off the org chart, and you build an organization that makes sense to achieve that strategy," she said.

I agree. And after seven years and 500 shows, I've learned two other things are essential to success: one is consistency and the other is luck. 

You need to embrace each incremental gain, work consistently, and enjoy the luck that finds you. Most of all, you just need to keep going. As I say at the end of each show: "Thanks for showing up. It's half the battle."

Growing a business takes a multitude of superpowers. 

There's the power of systems, from standard operating procedures to the abilities to optimize, delegate and automate; the power of preparation, or surrounding yourself with information, technology and, most importantly, the right team; and the power of gratitude and belief. 

Empathetic leaders recognize the value of the shoulders they stand on and treasure the talent in their organizations for helping them reach their goals as fast and ethically as possible. I've heard these messages loud and clear from my hundreds of guests.

They also reminded me that it's important to have coaches and mentors who can give and receive feedback and build the confidence you need to navigate setbacks and obstacles.

Of course, everything in business depends on introducing the right product at the right time. Timing is critical in the energy space, where exits and valuations in the past two years are signs of maturation and growing demand from (finally) institutional investors. 

As Blackrock CEO Larry Fink noted in his annual letter this year, the next 1,000 billion-dollar startups will be those "that help the world decarbonize and make the energy transition affordable for all consumers."

Blackrock has invested more than $4 trillion of the $10 trillion in assets it manages in sustainable technology. Why? "We focus on sustainability not because we're environmentalists, but because we are capitalists and fiduciaries to our clients," Fink wrote.

There's been a remarkable shift to renewable energy in energy markets in the past few years, with companies like Aurora Solar raising more than $320 million. Unicorns like Arcadia — private companies with a valuation of over $1 billion — are blowing past the unicorn threshold with continued multi-million dollar investments. We also see dozens of acquisitions of energy companies by Enphase, Generac, and other mainstream power folks.

At the same time, options like community solar and hydrogen — an energy source that emits zero greenhouse gases when burned — are gaining traction. Even multi-national oil companies like Shell, BP, Chevron and TotalEnergies are placing big bets on hydrogen as the future of energy.

But Blackrock and Big Oil aren't the only ones investing in renewables and climate tech startups. Thanks to companies like Energea, Finite.io and Climate Avengers, small investors have growing options.

It's a mind-blowing time in the renewable energy space. Over the past seven years, it's been remarkable how many more female leaders have risen to the top. Companies are trying very hard to promote from within and to pull from outside the industry, including Enphase Energy, whose CMO Allison Johnson previously worked at PayPal and Apple.

As we move ahead, I'd like to see more recognition for People of Color in the energy space — including here at SunCast. I invite you to listen to Geoff Greenfield (Episode 431), who shared some interesting thoughts on privilege and the equity and diversity embodied in Third Sun Solar, a woman-owned and led company. 

As an industry, we have work to do. We need training and apprenticeships like that provided by the amazing Solar Energy International (Episode 493). And we need to enhance our marketing if we want to transform concepts from the obscure to the mainstream and enable consumers to understand their options.

Personally, I've found my happy place, helping others find and share their voices. I've had moderate success lately in sharing clients' brand voices and narratives with my community, and I want to develop that more and cultivate and coach folks who can fill my shoes or take them even further.

I'd also like to build a network of shows focused on specific audiences to reach a broader clean energy community beyond solar. We're testing new ways of communicating through options like Twitter Spaces, YouTube and TikTok, and we're doing more writing on Medium and our blog.

I think we'll test the idea of premium access to the community again. There's a desire for it, and I've been able to build a solid network of high-quality individuals who can add value to a community that wants to go beyond Linkedin profiles and "look at me" posts. It might involve me resurrecting in-person events.

While we're speaking of events, the RE+ Events (formerly Solar Power Events) from September 19 to 22 in Anaheim, California, will bring us together for the first time in three years. SunCast is a 2022 event and platinum media partner for the shows, which the Solar Energy Industries Association (SEIA) and Smart Electric Power Alliance (SEPA) produce.

It will be an excellent opportunity for folks to meet, give me feedback on how SunCast can evolve, and learn more about helping the community.

For now, let me say thank you once again. These first 500 podcasts exceeded my expectations, and I'm thrilled to have your support. Keep showing up — and we'll collectively win this battle!


RESOURCES:

Connect with Nico Johnson on LinkedIn, Twitter and Instagram.

Find Andy on LinkedIn.

Check out SunCast’s website.

Connect with Clean Energy Associates. on LinkedIn, Twitter and on its website.


NOTEWORTHY QUOTE:

Do just once what others say you can’t do, and you will never pay attention to their limitations again.
— James Cook

Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 499: How Experts Navigate Politics & Energy Transformation (Quarterly Podcasters Roundtable)

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


6 Powerful Cleantech Podcasters On Biden, Ukraine And Energy Transformation

When you put people with deep perspectives together, you get a vivid mosaic — and you have a lot of fun. That's how my friend Mike Casey explains the quarterly podcasts we've been co-hosting with top experts in the cleantech sector, and I agree.

Mike is president and founder of Tigercomm, a cleantech public relations, marketing communications and public affairs firm, and host of ScalingClean, a podcast and blog that aim to advance the clean economy. 

Today we're sharing our fifth quarterly podcaster's roundtable, which offers a rich, one-hour discussion of energy trends, developments, challenges and opportunities. We’re joined by some impressive industry voices.

  1. Emily Chasan, director of communications at Generate Capital, a San Francisco-based diversified, sustainable infrastructure company. She's also a co-host on Wood Mackenzie's Energy Gang podcast, a bi-weekly digest on energy, cleantech and the environment.

  2. Gil Jenkins, vice president of corporate communications and public affairs at Hannon Armstrong. He's co-host of its Climate Positive podcast, which features conversations with people driving our climate-positive future. 

  3. Tim Montague, a solar photovoltaic (PV) and battery storage executive, speaker, trainer and consultant. He's co-host of Clean Power Hour, a weekly news roundup of the latest solar, wind, storage and energy transition news.

  4. Bill Nussey, CEO and founder of the Freeing Energy Project, which aims to accelerate the shift to cleaner, cheaper energy through books, articles and a top 10 energy podcast, also called Freeing Energy.

  5. And Josh Porter, an arborist turned renewable energies enthusiast. He's the principal consultant at SolarCoaster Consulting and co-host of The Solar Coaster, a renewable energy-themed talk show broadcast every Friday from Maui, Hawaii.

We cover a lot of ground in the episode, from thoughts on the ongoing war in Ukraine and escalating attacks by pro-fossil fuel pundits. But we start with our views on the possible direction of the Biden Administration's imperiled climate agenda.

Democrats haven't passed Biden's broad climate package because of Republican opposition in the Senate and lack of support from their own Sen. Joe Manchin III of West Virginia. Manchin said he wouldn't vote for any climate or clean energy programs because of fears of worsening inflation.

Biden recently announced a "climate plan" to address the effects of global warming but stopped short of declaring a broader climate emergency. In many ways, he's left with an executive order, and I wonder how much teeth it has, especially if the White House changes hands in two years. But I think Biden can move the needle on trade policy to benefit the steel and glass industries, which are really important for solar and the broader economy around batteries and electric vehicles. 

And I'm hearing some positive signs about proposed legislation to incentivize local manufacturing, which will ultimately impact our industry in the long term.

As Gil noted, "we are depleted but not defeated" and added there is still talk of a last-ditch Hail Mary effort. Some potential new executive orders could be impactful, and we've already got two or three very robust climate executive orders to work with, particularly in federal procurement.

Emily said state initiatives could offset federal setbacks. "California and New York have very aggressive goals, and a lot of states are copying their policies. I think that's going to be the demand driver right now, though it's a shame not to have more coordinated possibilities," she said.

Josh suggested it was a great time to learn more about the multilevel process behind climate legislation, as articulated in a book by his friend Patrick M. Regan, The Politics of Global Climate Change. "I've been trying to read through this to understand better how decisions are made at various levels — federal, state or international," he said.

Tim argued Americans generally want energy transition, even those unconcerned about climate change. "They're starting to understand the value of electrification of transportation, as gas and energy prices are going up," he said. "The economies of wind, solar and energy storage are winning the day."

Bill agreed, noting it's important to remain optimistic. "There's something everybody's forgetting. All this stuff we're talking about with clean energy is technology. And everyone forgets that this isn't like finding a better way to get coal out of the ground or some new nuclear reaction.

"This is like your iPhone. And the thing that everyone's missing is that in two years, it's going to be 20% cheaper, and in 10 years, it's going to be 50% cheaper. And that is an economic juggernaut. Policies, politics and lobbying are all going to fade away because there are a lot of things you can debate about in America, whether you're red or you're blue. But there's one thing you can't tell any American, which is I'm going to make you pay a whole bunch of extra money."

As Mike said, our guests' informed, divergent opinions come together to create a fascinating mosaic. I hope you'll listen to the full podcast to hear the story in total, with insights on Ukraine and other compelling issues. 

Is it better to use the stick of shame on greenwashing sustainability goals or praise those doing well? What are the biggest obstacles to electric vehicle electrification facing fleet operators? How is inflation affecting supply chain instability? And how can idled oil and gas pipelines "pick the lock on the whole transmission conundrum?"

You'll even hear musings on our crystal ball question: The change, trend or development few people are currently seeing that could turn out to be impressively consequential. 

For example, what do we think about transactive energy — the idea that we as consumers can take back electric power, as Bill Nussey often says? I believe it is the most powerful transformative thing happening in clean energy.  

Tune in! And if you know (or are) a cleantech podcaster who should be on our third quarter Podcaster's Roundtable in September, please get in touch with me. We'd love to invite more experts to the show.


RESOURCES:

Connect with Mike Casey on LinkedIn

Connect with Emily Chasan on LinkedIn

Connect with Gil Jenkins on LinkedIn

Connect with Nico Johnson on LinkedIn

Connect with Tim Montague on LinkedIn

Connect with Bill Nussey on LinkedIn

Connect with Josh Porter on LinkedIn


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 497 & 498: The never-told stories of founding Tradewind & Savion - Rob Freeman, Geoff Coventry, & Matt Gilhausen

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Entrepreneurs have many ways of measuring success. But building a passionate team, growing your venture to an industry leader, selling it to a partner and shepherding a spin-off through the sale to a multinational conglomerate is arguably a peak metric.

That's the compelling story I'll share today about Rob Freeman, Geoff Coventry, and Matt Gilhousen, the co-founders of Tradewind Energy Inc. 

Founded in 2002, Lenexa, Kansas-based Tradewind was one of the US's largest independent wind and solar project development companies and the number one developer and installer nationwide in 2017, according to the American Wind Energy Association (AWEA).

In 2019, Rob, Geoff and Matt sold Tradewind to a partner, Enel Green Power North America. As part of the deal, Tradewind's utility-scale solar business, Savion, was separately sold to Green Investment Group Ltd., a London-based subsidiary of Macquarie Group Ltd., an international bank based in Sydney.

Rob and Geoff joined Savion as CEO and COO, respectively, and helped lead Savion to a 2021 acquisition by Shell New Energies US LLC, a Royal Dutch Shell PLC subsidiary.

Quite a serendipitous journey, and one I can't wait for you to hear all about in today's two-part show. 

As Rob explained, "I'm a classic guy who didn't know what he wanted to be when he grew up until he was 42." An unhappy lawyer with an undergraduate degree in geology, Rob said he ultimately realized he was an entrepreneur at heart.

His eclectic career background, including starting a bottled water company and working at a utility, fueled his fascination with renewable energy and formed many pieces of the puzzle that enabled him to contribute to the Tradewind startup. 

Rob started networking and met Geoff, a serial entrepreneur from New Zealand, and Matt, a rock drummer with a civil engineering degree. 

"I was probably the natural leader because I was a little longer in the tooth," Rob recalled. "And Matt was the logical Chief Development Officer with his engineering background and interest in, as he says, 'all things mechanical.'"

Initially, Rob and Geoff worked on origination and developing relationships with area utilities. But at some point early on, "we realized we badly needed expertise with transmission in-house. And so I went to Geoff one day and said we don't have the money to hire a crackerjack transmission person. 

"Jeff probably said something like, 'I don't know anything about transmission.' And I said, 'Well, you're a smart guy, and you'll figure it out.' And he did."

Rob talks about the nuances of building a company and facing investors who challenge whether the leadership has the right experience. Based on feelings and intuition — "I liked these guys, and they had all the passion in the world" — Rob kept the team intact.

"We stayed together and sort of bit by bit, month by month, year by year, this thing that was such an odd couple grew into a very close friendship, and our different personalities and backgrounds ended up being the magic," Rob said.

Geoff makes some great points about the uncertainties and confusion of the early days of a new company. "Looking back at some of this, it's pretty amusing as you think about how the early days began and the things we didn't know."

He recalled talking with a utility executive about one of Tradewind's first wind projects. "And he used the term SPP, which is short for Southwest Power Pool (which manages the electric grid and wholesale power market for the central United States). I had no idea what he just said, and it sounded like a foreign language, and I didn't even know if it was letters. Like, 'what was that word?' That's the level we jumped into, but, you know, it's a fast learning curve," Geoff said.

Matt said, "We didn't know what we didn't know, the scope of it or how much money we needed."

Matt, Geoff and Rob offer excellent insights into how Tradewind grew its investor pool and persuaded people to believe in their abilities to execute their ideas. "We had a number of these near-death experiences, like most startups, and it was definitely not smooth sailing," Rob said.

Their strategies and insights about building a renewable energy company are valuable for entrepreneurs of all skill levels.

"Things always take longer, and they're harder than people expect. I used to love to say, and I haven't said this in a while. But it always sounds great that if you wrote down the ten things you would absolutely not want to have or come anywhere near in a business, we had all ten of them. 

"We had no market, no customers, the product was new. The wind turbines themselves were early days, and then, of course, building a team— all of it. So, yeah. We had a long ramp to revenue," Rob said.

I hope you'll take the time to listen to the full interview. You'll learn a lot about building a company and the importance of surrounding yourself with the right team from these successful sustainable energy pioneers.

"There's not a whole lot of secret sauce in this business, and there never has been. And you know, if we look at the success of Tradewind, there's no question it's a story about people and the team," Rob said.

Over time, Tradewind grew to 145 people — probably because of what Rob called "a certain amount of luck and a certain amount of being very purposeful about the people we hired and the culture we created. We ended up with a team that, there's no question, was widely recognized around the industry as the top in the country."


RESOURCES:

Connect with Rob Freeman on LinkedIn.

Connect with Geoff Coventry on LinkedIn & Twitter.

Connect with Matt Gilhousen on LinkedIn.



NOTEWORTHY QUOTES:

It’s a story about the team. And I think that ended up being the secret sauce.
— Rob Freeman
Sometimes what you don’t know is a good thing. Because you don’t know what you can’t do.
— Geoff Coventry
We’re going to work this problem until we solve it, like there is no option of not solving it. We have to just work it, iterate it until we feel it’s good enough.
— Matt Gilhausenv

Thanks again to this week's sponsors, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow

 
 

Are infrequent field checks an oversight? Do you need proper insight? Our app is a snap. With 60Hertz in your pocket, you’ll bring solar to the socket. Visit https://www.mysuncast.com/60hertz


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 496: Retire with Renewables (Investing), Energea’s Tyler Hurlburt

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


In uncertain economic times, investors look for something — anything — to shore up their portfolios. But in 2022, there aren't many obvious options. 

 Cryptocurrencies have crashed, bonds and equities are down, and globalization has rendered the idea of expanding from domestic to international markets moot. As Tyler Hurlburt, a licensed financial advisor and wealth manager, explained, "It seems there's no safe haven, no place to hide."

 So do we just throw in the towel? Of course not. 

 In today's podcast, Tyler explores some fantastic ways to brighten your IRA during these challenging times. He even offers a little goodie for you in the form of real cash you can invest today. Seriously. Real money.

 Tyler is director of investor relations at Energea, a retail investment platform created to connect retail investors to portfolios of renewable energy projects in select global markets. Energea wants to democratize investing through direct equity ownership in renewable energy investments and empower full participation by small investors like you and me and everybody else that doesn't have a million dollars lying around.

 The company may sound familiar to regular listeners because co-founder and managing partner Mike Silvestrini was a guest on SunCast Episode 400 and, before that, on Episode 85. And, in the name of full disclosure, I'm a member of the company's board as well as an investor.

 Energea thinks the time is right to invest in renewables because global warming is intensifying, renewable energy costs are falling, and traditional investment classes are suffering from over-participation and value instability. Moreover, it's a great way to de-risk — reduce the risks — of equity-heavy portfolios.

 Tyler is one of the smartest guys I know regarding wealth management, specifically around alternative strategies. His 22-year career in finance includes jobs at TIAA, Wells Fargo, Prudential Financial, Wachovia Securities Financial Network and Ameriprise Financial Services. 

 To understand how it became possible for individuals to invest in energy, you have to go back to the Jumpstart Our Business Startups Act or JOBS Act of 2012. The JOBS Act made it easier for startups to raise money and gave startups and small businesses more access to capital. 

 It triggered an investor uprising — a rush of investments from the little guys.

 "It was monumental," Tyler said. "It began the trend of democratization in the retail investment space because it loosened regulations and reporting disclosures for companies with less than a billion dollars in revenue. It also introduced crowdfunding options for companies to raise capital more easily and quickly, which is important to us in energy."

Smaller companies can now issue investments through the Jobs Act without directly registering those investments with the US Securities and Exchange Commission (SEC), which is a costly, cumbersome process. 

 Tyler said the legislation opened the door to equity crowdfunding directed at the general public and gave non-accredited investors more opportunities to invest in startups.

Accredited investors are high-net-worth individuals who meet specific SEC requirements. A "non-accredited investor" is an umbrella term for everyone else — people with a net worth of less than $1 million and an income of less than $200,000 per year or $300,000 if married. 

 "Accredited investors are assumed to be more experienced and more sophisticated about the investment landscape than everyday retail or non-accredited investors," Tyler said. The SEC established the original rules to protect smaller, less savvy investors.

 "But the investment landscape has shifted, and the government is rightfully giving more credit to non-accredited investors to make decisions on their own and take control of their retirement savings. It opened up a whole new world of alternative investment options for everyone," Tyler said.

 He thinks having access to alternative investments is especially important relative to diversification during the current downturn. 

 "Alternative investments are nice because they're not correlated to the stock and bond market," he said, which means their cash flows are unaffected by changes in those markets.

 Whether it's real estate or, in the case of energy, a solar investment, they are generally hedged against inflation. That's important to investors as inflation nears double digits.

 Energea recently announced the August 1 launch of a self-directed IRA, allowing people to invest in alternative assets like energy through their qualified retirement plans. "They'll be able to do this right on the Energea website, and they'll never have to leave to go to another custodian. It'll all be self-contained and in-house here," Tyler said.

 Why is a renewable energy project good to have inside an IRA? Because they're both long-term. 

"A typical contract to purchase electricity is 20 years, sometimes 25 years. IRAs are the longest-term investment vehicle. So if you're matching up the investment objective with your retirement goal or retirement objective, they are a nice pairing," Tyler said.

 Also, on the energy platform, you can either take monthly dividends as cash or reinvest those dividends. So if you're a little bit younger, you can reinvest those dividends and benefit from compound interest to grow assets over time. If you're closer to retirement, it can provide a steady income month in and month out.

 Tune into the whole podcast to get the details on the IRA, which allows investment in community solar in Brazil and Africa as well as the US. "The US will have a different return risk profile than Africa or Brazil. But when you blend all those portfolios and projects, you come up with a 12.6% realized return," Tyler explains.

 Remember that cash I promised? I invite our solar warriors to head to a particular part of the Energea website that promotes its partnership with SunCast. New users receive $50 of stock in our Community Solar in Brazil portfolio once they create an account and complete the onboarding process.

 We're trying to take care of you and want to help you hedge your bets and diversify your portfolio. And who can argue against $50? That will take five minutes of your life. Go through the setup registration process, and we'll ensure you get that link to watch Tyler announce the self-directed IRA product. You'll also be added to the newsletter, so you know every time Energea updates its platform.

TIMESTAMPS:

(05:11) Important Job Act 2012 regulations
(07:22) Retail vs Accredited investors
(08:47) Importance of Job Act 2012 to Energea
(09:46) How to protect your portfolio old vs new way
(13:58) Why add alternative investment to your portfolio
(16:53) Different alternative investments
(18:37) Groundbreaking Energea IRA announcement
(20:24) What makes Energea IRA  different
(21:41) Why have renewable energy project in a IRA
(23:35) The Energea team is the difference
(25:45) Investments available inside the IRA
(26:26) Previous yields across portfolios
(27:54) Special guide and get $50 free for the SunCast Tribe 
(29:42) Wrap up


RESOURCES:

Find Tyler on LinkedIn.

Connect with Energea  on LinkedIn, Twitter, Facebook, YouTube, Instagram and on its website.

Disclosure: Spero Ventures, the parent company of SunCast Media, is an investor in Energea, and Nico Johnson is a board member.


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 495: How Generac became a clean energy company, with Keith Marett, Generac

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Keith Marett describes the past three years as a whirlwind of fast-paced growth and "amazing product launches" that are taking the clean energy market by storm. And today, he's here to share the fast-paced journey he's been on since Generac Power Systems acquired his former company, Neurio Technology.

Founded in a Wisconsin barn more than 60 years ago, Generac is a global leader in designing and manufacturing residential, commercial and industrial power generation equipment. Generac practically created the market for home standby generators and still commands an impressive market share in that category. Now it's fueling its transition to the renewable energy reality through an acquisition spree in clean energy products and services.

Take Neurio, a Vancouver, British Columbia-based energy data company. Founded in 2005, Neurio focused on metering technology and analytics to optimize home or business energy use. Generac bought it in 2019 to accelerate its efforts around connectivity and remote monitoring — what it described as "critical parts of its 'Powering Our Future' strategy."

Keith Marett was CEO of Neurio at the time of the acquisition. He said combining Neurio's intelligent energy management technology with Generac's products, distribution, and market creation capabilities created tremendous energy use and management opportunities. And that was only the beginning. 

Keith is now the president of Generac's Clean Energy Services, its fastest-growing division. He expects homeowners to become increasingly aware they can track and control their energy use through various technologies that allow them to decide who they pay and how much they pay for electricity. 

"Generac is very focused on delivering resiliency and peace of mind to homeowners," Keith said. The company is also aware of the potential issues of a business built around generators using fossil-fuel-powered internal combustion engines.

"The climate is changing, and the regulations will be speeding up regarding how fast we have to deprecate internal engines. And so their plan is leveraging clean energy to continue their mission," Keith explained.

In addition to Neurio, Generac acquired numerous other clean tech companies over the past few years, including Chilicon Power, Apricity Code Corp., Pika Energy, Enbala Power Technologies and Toronto-based smart home thermostat startup Ecobee

Keith navigated a circuitous career path through advertising, marketing, telecom and a security business before veering into the clean energy space. "I felt my soul needed a little reprieve, and I needed to get into something that would benefit my kids going forward," he explained.

He talks about his own childhood as a source of business inspiration. "They say your family shapes who you are. In my particular case, it wasn't my immediate family, and it included my grandparents. I had an amazing, endearing grandma who was this quasi-local famous artist," he said. "She's the one that instilled the creative spirit within me. And I think that's driven me through where I am today. It's incredibly important in a market, especially today's solar market, to have that creative mindset to solve problems."

Keith said he tempered his grandmother's artistic legacy with his father's pragmatism. "I had to put down my paintbrush and go towards a business school," he recalled. But he never lost touch with his creativity or curiosity.

After university, he joined Grey Group, one of the top global advertising agencies. "It was a perfect meshing of my creative mind and my dad's business mandate," he said. After five years at Grey, Keith took a job at Bell Mobility. Six years later, he moved on to Avigilon, a provider of security cameras. He started at Neurio as VP of Marketing in 2014 and was promoted to CEO in 2017.

"I have never asked specifically for a job or job promotion. I've never been the one to try to climb the corporate ladder for the sake of climbing the corporate ladder. That's never been my play. My play has always been to do well, perform well, give 110% of what you have, and things will go well for you," he said.

In today's podcast, Keith talks about what he thinks helped him succeed — and what he looks for in others when hiring. He explains that he's "a perpetual entrepreneur" who's "got to try new things" and what it's like to be at the helm of nonstop strategic acquisitions.

"What we're seeing worldwide in the last six months is definitely a change in the capital structure. And it's driven a lot to do with how the supply chain has driven up inflation. And now there are talks of us moving into recession. 

"We're not going to slow down our acquisition path. But we'll probably be more on the hunt for key pieces to the equation than we were looking at doing," he said.

Want to hear more? I invite you to tune in for the full podcast. I think Keith did a phenomenal job. He provides insight and inspiration about the inevitable electrification of the home, the grid services and programs that are required, and the exciting ways that companies like Generac are looking at the long-term strategy and reality that we've got to deliver resilience and peace of mind to homeowners. 

And it's fascinating to see inside the structure of such a significant player building a collaborative ecosystem like Generac. So I hope you have a chance to listen.

TIMESTAMPS:

(04:44) What table conversation was for Keith growing up
(06:19) Why Keith's dad made him attend business school
(10:08) Skillsets Keith achieved at Grey and Bell
(12:28) How Keith attracted trust from leadership
(14:13) Elements Keith uses to discover great talents
(15:43) Keith's move from Bell to Avigilon
(18:09) Early days constraints for Avigilon
(19:20) Similarities Avigilon shares with Generac
(22:36) Why Keith's decision to step away from Bell
(24:25) How Keith met Energy Aware founders
(25:42) How Keith followed Cleantech trends back in 2013
(26:33) Energy Aware revenue source in the early days
(32:11) How Generac reached out to Keith
(33:59) Why Generac matters to the Energy Industry
(37:47) What to expect from strategics
(45:00) How Generac sells solution alongside products
(46:16) The exciting Ecobee acquisition
(47:34) Generac Competition
(49:40) Why Enphase did not acquired Ecobee
(51:12) What sets Generac apart
(54:56) Keith's perspective on the current M&A trend
(57:43) Book recommendation
(58:34) Keith's favorite bookmarks
(59:23) Where to find Keith
(1:00:23) Keith's bold prediction
(1:01:42) Wrap up


RESOURCES:

Find Keith on LinkedIn.

Connect with Generac. on LinkedIn, Twitter, Facebook and on its website.


NOTEWORTHY QUOTE:

Try. Try whatever is handed your way. Do your best to succeed, and you might surprise yourself.
— Keith Marett

Thanks again to this week's sponsors, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow

 
 

Are infrequent field checks an oversight? Do you need proper insight? Our app is a snap. With 60Hertz in your pocket, you’ll bring solar to the socket. Visit https://www.mysuncast.com/60hertz


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 494: On risk, leadership and creating a positive culture, with George Hershman, SOLV Energy

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


What can we tell you about George Hershman that you haven't heard before? Actually, quite a lot. George is a solar industry icon and one of my heroes in the industry. His leadership & industry accomplishments have set the bar for so many who see him as a mentor, boss and colleague (others have also used the words “one of my heroes” about George).

George has unparalleled insights into the clean energy revolution from his vantage point as the CEO of SOLV Energy and board chair of the Solar Energy Association (SEIA). Today, we're bringing you a preview of the doubleheader mega interview we recently conducted with George, which you can listen to in its entirety in SunCast Episodes 478 and 479

It was a fun interview. But it was also a meaty, beefy — long — interview, and maybe you're short on time. So think of this as the SparkNotes or CliffsNotes version of those two back-to-back podcasts. 

It's an abbreviated way to learn about George's personal and professional accomplishments, from his extensive construction background through his solar career's inception to how he and his team have advanced solar over the past 13 years. It's a fascinating journey.

SOLV Energy is a solar engineering, procurement and construction (EPC) and services provider for the utility, high-voltage substation and storage markets across North America. It provides turnkey utility solar solutions across the entire project lifespan.

It was formed in November 2021 when private equity firm American Securities acquired Swinerton Renewable Energy (SRE) and SOLV Inc., two renewable energy units of Swinerton Inc. George, who joined Swinerton in 1997, was president of both companies.

SRE, the No. 1 solar contractor in the U.S., provided EPC services for Swinerton's commercial clients before refocusing on the utility market. SOLV was created in 2012 to provide operations and maintenance (O&M) services to in-house and third-party plants.

The acquisition combined Swinerton's EPC and O&M service groups under one company, SOLV Energy, with George at the helm. SOLVE Energy benefits from the solid foundations George established at SRE and SOLVE and is now widely regarded as the premium brand among EPC firms, both in perception and price. With nearly 1,000 employees, it's also notable for employee growth and retention.

Great leaders are natural risk-takers, and a fear of failure often prevents greatness. George shares some interesting thoughts about how his parents encouraged him to take challenges by giving him a soft landing spot. 

"It allowed me to understand that it was okay to take business risks and to try things and know that at the end of the day, you're going to have the two people that know you the most and care about you the most support you in that endeavor, whether you succeeded it or failed," he said.

Dabbling in construction from age 15, George said he learned to embrace failure as a lever for growth. He said mistakes helped him challenge boundaries, develop an entrepreneurial spirit and persevere in the face of headwinds he encountered along the way.

It was an essential skill for the guy Swinerton selected to build its presence in the growing solar sector in 2008. George was employee No. 1 at SRE. "Businesses were changing, and we saw that we could also change and support them. And it happened that the utilities sector was better for us. We had the size and scale, and we had people that understood how to build projects at those types of scale. We understood the logistics aspect of the business, and ultimately, we continued to focus on that," George said.

He said engagement in the upfront construction planning process and the after-construction asset management process provides a unique perspective. "We're not only trying to target the lowest build costs, right? It's not just about capital expenditures (CapEx); it's also about operational expenditures (OpEx)," he said.

George gives good advice on how he's managed to grow and retain talent — a feat in today's tight labor market, adding, "You have to make it very appealing for people to stay here. And you have to give opportunity here."

"Unless we're doing more business or more lines of business, or offering new services, where people can step up and be leaders within our organization, they will go be leaders in somebody else's organization. Growth to me is about giving opportunities and retaining talent. Because at some point, everybody wants to be a leader of something," he said.

George said he's proud of SOLVE Energy's track record. "We haven't retained everybody. But most people here see this as the place to grow in the industry because we will absolutely give people opportunities. I love when a team member says, 'George, I have this great idea for a service or an offering or something we can try. And I'd like to take the lead.' 

"I want entrepreneurship to be infectious in this company, and I want to support it. And you know what? I'm also not afraid to fail in certain areas. We have not been successful in everything that we've tried. But you've got to fail along the way and figure out what will be successful. And that's an important part of retention," he said.

Tune into today's podcast for a good overview of George and how he's emerged as an industry thought leader. And then, when you've got more time, take a deep dive with SunCast Episodes 478 and 479. I promise they're worth your attention. They offer much more detail, including insights into his work with SEIA, the national trade association for the U.S. solar industry.

TIMESTAMPS:

(02:28) How George saw success in failures
(06:48) George's failing forward culture
(12:59) What Swinerton looked like when George joined
(19:19) George's transition from commercial to utility scale solar
(23:20) How the upfront and asset management process looks like to owners
(26:13) How George sees talent development
(30:52) Wrap up


RESOURCES:

Find George on LinkedIn.

Connect with SOLV Energy  on LinkedIn, Twitter, Facebook, Instagram and on its website.


NOTEWORTHY QUOTES:

I also used to tell people, we don’t build schools, we open schools, right? Building a school doesn’t mean anything. Opening a school means everything right, the door, you know, the lights come on. The kids come to school, the teachers are there. It’s about the facility, building it for the service that it needs to provide.
— George Hershman

Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 493: 7x growth for this beloved 30yr old training organization? Elizabeth Sanderson, Solar Energy International

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Solar Energy International (SEI) holds a special place in the hearts and minds of many #SolarWarriors who tune in regularly to SunCast. And SEI is equally important to me because it's partnered with SunCast for the entirety of our existence in support of nearly all our in-person and virtual events through the years.

So I'm especially delighted to welcome SEI Executive Director Elizabeth Sanderson and learn how, in her first year, she’s growing into the leader role of expanding this beloved organization. 

In case you're new to the industry, SEI is a 30-year-old solar education and training organization that's changed how folks learn to install solar and energy storage. In simplest terms, SEI supports a diverse, inclusive, well-trained solar workforce to promote sustainable economic growth, mitigate climate change, and support energy independence. 

It aims to Educate, Engage and Empower — a mission it's meeting because it already has nearly 100,000 graduates. They attend programs online and at SEI's technical training facility in Paonia, Colorado.

"There's such an urgency here to ensure we're reaching the most people we can to ensure the industry is going as fast as possible. I feel the urgency every morning when I wake up. I always refer to climate change as the hell and high water because that's what it is. Right? And so every day that we're not training more people and getting them jobs, we're slowing it down," she explains.

In today's podcast, we'll explore everything from how Elizabeth positions an organization that generates an exceptional amount of love from people in the solar industry for its next 30 years. 

She has an excellent vantage point, poised at the bleeding edge of technology in a quest to deliver the future workforce. So we'll also get her perspective on some technologies that excite her.

With credentials including Chief Operating Officer and director of development of a nonprofit that aims to end world hunger, president of an advertising agency that built several worldwide brands, and Chief Marketing Officer of a solar start-up, Elizabeth is scaling SEI while staying true to the organization’s key differentiators of quality education and an authentic family culture.  

She’s fully committed to solar. "Someone said to me at a party, 'we're not going to have to worry about starvation because we're going to all burn up because we've got this energy situation and the climate crisis is looming,'" she recalls.

Elizabeth says she knew from age 12 that she wanted a career in communications. "My father was in advertising and public relations, and he would bring the most amazing people home to our dinner table. They could tell stories, and they were interesting. And I said, 'That's what I want to do,'" she recalls.

She obtained a bachelor's in communication from the University of Illinois Urbana-Champaign, a Master's in Business, Management, Marketing, and Related Support Services from the Kellogg School of Management at Northwestern University and executive education in diversity and inclusion from Stanford University.

Over her decades-long career, she's held various roles at both profit and non-profit companies — building on her interests in communication, collaboration and education. 

She was president and board member of a Chicago advertising agency early in her career. But she said she reached a point where she knew it was time to "give back." Building on her interest in food insecurity, she spent six years in leadership roles at The Hunger Project (THP), a global, non-profit, strategic organization committed to the sustainable end of world hunger.

She left THP in 2016 to address her growing interest in climate change through a position as Chief Marketing Officer at Sunflare. A solar start-up that developed a proprietary technology to spread the adoption of renewable energy, she worked at Sunflare until she was recruited to SEI in 2021.

Elizabeth credits core competencies she's developed throughout her career, notably strategic thinking, for her success thus far at SEI.

"I'm constantly reading, synthesizing, and thinking about 'how will this play out? How will this affect what I do and what the team does? That's first and foremost, that's number one. Number two focuses on the people and working to understand who I'm working with, how we work in concert as a team and who we're serving," she says.

Elizabeth offers some keen insights about personal growth, professional development and staying true to your passions in an ever-evolving world. For now, she's focused on accelerating partnerships and collaborative relationships at SEI to keep an older organization relevant and agile. "I'm tasked with expanding the organization but keeping its soul and culture,” she says.

"The magnitude of the people we need to train is huge. And so what we're looking at expanding our organization to make that happen. And who better than us, our partners, and those who have yet to become our partners? "We're tapping each other on the shoulder saying, 'Hey, I've got this. What do you have? We're zipping our talents together. It's not about competition anymore but cooperation. It's like, 'What do you do?' Well, okay. We've got this. Let's do it together."

Please join us for the full podcast. Elizabeth has a lot to say. And if you want to continue the conversation after listening, Elizabeth is more than happy to connect on LinkedIn.

TIMESTAMPS:

(03:58) When Elizabeth first heard of SEI
(05:16) When Elizabeth realized what she wanted to do
(6:52) How Elizabeth got into advertising
(07:37) How advertising prepared Elizabeth for her current role
(08:32) Elizabeth's core skills from advertising
(10:44) How Elizabeth transitioned to global hunger project
(15:54) Importance of Elizabeth's network
(18:41) Elizabeth's first exposure to solar industry
(22:57) Helpful transitioning resources
(25:04) What's missing in the industry
(26:23) Core organizational building skills
(29:24) How trade barriers can be navigated
(31:56) How Elizabeth managed her team during pandemic
(34:53) What SEI represents for the solar industry
(39:55) Why SEI is loved by many
(41:02) How to instill organizational culture
(43:13) How SEI partners with other organizations
(44:12) Book recommendation
(45:52) How Elizabeth maintains SEI's culture
(51:06) Elizabeth corporate culture experience
(55:13) What SEI will be known for in 30 years
( 57:36) How storage will challenge PV 101
(59:16) What surprised Elizabeth about SEI
(1:00:13) What inspires Elizabeth
(1:04:37) How to know your best fit in the solar industry
(1:05:53) Book Elizabeth gives out most
(1:08:488) What Elizabeth's daily routine is like
(1:10:41) What excites Elizabeth
(1:14:04) Best way to find Elizabeth
(1:15:06) Elizabeth's bold prediction
(1:17:11) Wrap up


RESOURCES:

Find Elizabeth on LinkedIn.

Connect with Solar Energy International. on LinkedIn, Twitter, Facebook, YouTube and on its website.


BOOKS MENTIONED AND RECOMMENDATIONS:


Thanks again to this week's sponsors, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow

 
 

Are infrequent field checks an oversight? Do you need proper insight? Our app is a snap. With 60Hertz in your pocket, you’ll bring solar to the socket. Visit https://www.mysuncast.com/60hertz


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 492: TT: An instant feasibility tool for optimizing utility-scale solar? Ashton Vandemark, Terrasmart

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


The ability to make late–stage project decisions is commonplace but carries with it a myriad of issues, speculations, and resistance to change. Many of us have had to make a change [to a project] late-in-the-game due to module pricing fluctuations or engineering calculation revisions, but are uncertain whether the changes will create the desired impact or if we have the time and data to make the decision at all. Yet, we have to get these projects through the due diligence stage, build them and start generating kilowatt-hours.

Today's guest will tell us about a product he created to solve his pain as a project development engineer. And I think you'll find it could help you make better decisions as well.

Ashton Vandemark is the business unit manager for the Solar Instant Feasibility Tool (SIFT) at Terrasmart, a provider of screw-based, ground-mount solar racking technology, mainly used for solar projects. SIFT — a design, performance and financial modeling solution — is Ashton's baby.

He created it at Sunfig, a company he founded in 2017 and sold in January 2021 to Gibraltar, a provider of solar racking technologies, electrical balance-of-system products, and installation services. Gibraltar, which had already acquired RBI Solar back in 2015 to begin it’s expansion into solar, concurrently acquired TerraSmart [in 2021] in a significant expansion of its solar portfolio.

While Ashton's role has changed, he still proudly promotes the early-stage feasibility tool he developed "to help clients gain confidence in their decisions, maximize margins, and submit winning bids with a competitive edge." He says SIFT can Increase a project's internal rate of return (IRR) by 5% to 15% and speed up the development cycle.

SIFT offers three value propositions. It:

  • Enables clients to identify the best possible project with granularity, potentially boosting returns and margins

  • Takes the guesswork out of multiple scenarios

  • Improves confidence clients are building the most optimized, competitive asset

In today's podcast, Ashton shares his experiences from graduating with a mechanical engineering degree from The Ohio State University through relocation to China and ultimately founding the company where he developed SIFT.

He has been passionate about the renewable space since college, so he was excited to land a job at SunPower Corp. He served as a project manager for two new product introductions in China, a new single-axis tracking platform and a module and performance validation project.

My role was unique," he says.

Liaising between teams in the US and China, he shared knowledge about design, performance, modeling and financial modeling. SunPower was developing projects — "its bread and butter up to that point" — and was starting to build products.

"I had the experience of being on both sides of that transaction, selling a product to a developer and also being the developer myself and trying to implement these products on sites. Through that experience, I recognized a very concerning pattern within my business and with the customers with whom I communicated. And that is that the development cycle and decision cycle is extremely fast," he explains.

He says the big challenge he identified was during preconstruction, in the feasibility stage. "How do we put our best foot forward on a particular site with its unique topography, weather and so on?"

Ashton credits a broad and cross-functional background for his success in building SIFT. Never siloed in the design, finance, construction or product engineering team, he had a role that allowed him to touch all those groups.

"I knew what a design looked like, and I knew the products' capabilities. I knew what a performance model was and how to create one. And I knew what a financial model was and how to create a Power Purchase Agreement (PPA), identify an IRR, or calculate the Net Present Value (NPV).

"I wanted to connect the feasibility study problem to financial reality. I had the scope and understanding of that cycle and decent computer programming knowledge."

Ashton said it was a tough decision to leave SunPower. "But I was young and bold and jumped for it. I thought, 'Hey, if there's ever a time, if there's ever an opportunity where I might create something that could have a big impact on the industry and solve a real problem, this was it.'"

He and Sunfig co-founder Nick Sanderson went on to create SIFT. "Nick has deep computer science knowledge and is the cloud guru I needed to bring this to life," he recalls.

Ashton says SIFT differs from HelioScope, a web-based sales and design tool for solar professionals, in that it's ultimately not a design tool. "It's a decision-making tool, and it's a data generation tool. SIFT isn't sitting in a place where it will generate or be some CAD lite application for you to create a design. It's meant for you to ingest the early inputs from a project," he says.

Ashton shares many more details in the podcast, including evolving use cases. "A couple of years ago, the biggest thing we had to worry about is an underground pipeline popping up in the development cycle, but now it's module cost skyrocketing or a module just being unavailable and forcing an entire pivot," he says.

Intrigued? I hope you listen to the podcast and take advantage of a meaningful offer Ashton shares with all our listeners: a free month's access to the SIFT software. "If you schedule a demo with us, just note you came from the SunCast interview, and I'll make sure that our team sets you up," he says.

TIMESTAMPS:

(03:33) Ashton's early days as solar project developer
(05:25) How to optimize the utility scale product development cycle
(7:31) Challenges Ashton identified at pre construction 
(08:53) Relevant skill set to Ashton's product development
(12:32) What Ashton built first
(13:34) What makes SIFT different from other market products
(15:20) What makes SIFT a data engine
(16:57) Early market validators in the design cycle
(17:58) How SIFT integrates with RPI's project development
(20:05) How SIFT is useful for product procurement
(25:31) Where to get the special offer for the SunCast community
(26:22) Wrap up


RESOURCES:

Find Ashton on LinkedIn.

Connect with Terrasmart on LinkedIn, Twitter, Facebook, Instagram and on its website.


NOTEWORTHY QUOTE:

You put the best product in front of the customer for a project, that’s a higher probability of a win
— Ashton Vandemark

Thanks again to this week's sponsor, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 491: What’s the value of energy resources on your property? Ask LandGate

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Yoann Hispa has four science and math degrees, speaks four languages and cultivates a singular obsession with knowledge acquisition. He credits those multiple degrees from multiple places and his personal commitment to dig deep to solve challenges for a broad, flexible and exciting perspective on innovation, entrepreneurship and the energy industry.

Yoann is the CEO and co-founder of LandGate, a technology-driven data solutions platform and online marketplace that aims to revolutionize the ways US environmental resources for everything from solar and wind to oil and gas are bought and sold. "We call ourselves the Zillow for land resources," he said.

The six-year-old Denver-based company helps landowners, real estate agents, investors, developers and other stakeholders make more informed decisions through data and valuation benchmarks. 

Yoann has 17 years of experience in the energy and carbon industry in various technical and leadership roles and teaches energy land resources at the University of Texas-Austin and the Realtors Land Institute. Before starting LandGate, he was executive director of engineering at Ruspetro, an independent and innovative oil and gas company, and led the engineering and drilling operations for a private equity firm's mineral acquisitions.

In today's podcast, he discusses the catalyst for his career path, his philosophy on building a business and explains how land values for wind and solar compare to traditional oil and gas leases. "Renewables are growing the most now," he said. 

Describing himself as "a Hispanic guy with a mixed heritage," including Spanish, Italian and French, Yoann divided his childhood between Spain and France.

Though he was living in a small village of fewer than 80 people, he had a chance to meet the late US astronaut James Irwin when he was 10. Irwin was an aeronautical engineer, test pilot, US Air Force pilot and the eighth person to walk on the Moon. "I decided I was going to be either a pilot or a scientist," he recalled.

After joining the French Air Force Academy and earning a bachelor's degree equivalent in math and physics, he decided to take the science route in graduate school. He holds Master's degrees in Petroleum Engineering from UT Austin, Geomechanics from the University of Birmingham in the United Kingdom and Civil Engineering from ESTP Paris, the School for Major Projects. 

"Having multiple degrees from multiple places that each offer different ways to study and different way to look at things enlarges your vision," he said. It helps you look at things from multiple directions "and gives you a better view than just digging in the same direction."

Yoann explained how the oil and gas component of his career and how his interests ultimately broadened into renewables. He sees energy as a moving target, constantly morphing into new and different opportunities to meet the world's demands. And while renewables are hot now, he said he doubts the status quo will remain the same in two or three decades. "They'll probably find something even better," he said.

But the need for land will remain. It's a finite commodity but equally crucial whether the focus is fossil fuel or wind. "Land has a historically low dividend. But in terms of an inflation environment, like we are in today, land is a very safe investment," he added.

Yoann said multiple energy companies have tried to do what LandGate has done: to put a dollar value on every parcel in the US. "We've done that 170 million parcels, and we've done that for solar, wind, oil and gas, water," he continued. 

He said LandGate "did not get lost in processes" and benefits from very efficient people, working remotely, very efficiently."

I hope you listen to the full podcast with Yoann Hispa to get a sense of where he sees the world today and his predictions for the future. I'm fascinated by our conversation and feel confident you will be, too.

TIMESTAMPS:

(04:07) Yoann's non traditional background
(09:25) High school influence on Yoann's life 
(12:25) How Yoann became an entrepreneur
(12:58) Why four different degrees
(16:08) How Yoann compartmentalizes learning and career building
(22:24) How the oil & gas component factors into renewables
(25:32) Challenges Yoann faced as an entrepreneur
(30:29) Yoann's Delta Force team
(32:26) How Yoann customer base has changed over the years
(35:59) What's the dollar value look like yearly
(44:41) How Yoann became a series B entrepreneur
(46:21) How much more capital was needed beyond his initial expectation
(49:12) Instrumental resources to Yoann's life
(51:30) Consistent habit that gives Yoann leverage
(54:13) How to connect with Yoann
(55:10) Yoann's bold prediction
(59:45) Wrap up


RESOURCES:

Find Yoann on LinkedIn and Twitter.

Connect with LandGate Corp. on LinkedIn, Twitter, Facebook, Instagram and on their website.


Thanks again to this week's sponsors, helping keep the podcast FREE to you!

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow

 
 

Are infrequent field checks an oversight? Do you need proper insight? Our app is a snap. With 60Hertz in your pocket, you’ll bring solar to the socket. Visit https://www.mysuncast.com/60hertz


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 16-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 490: Career Profile: Solar PPA Sales, Miguel Gil Mast of Schneider Electric

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Miguel Gil Mast is the Frankfurt, Germany-based sales manager in the sustainability business unit at Schneider Electric, a French multinational company specializing in digital automation and energy management. For the better part of two and a half years, he's been helping energy buyers and sustainability professionals to sort through the decision-making process around renewable energy.

 With a deep background in renewables and engineering, Miguel advises his clients about tailor-made power purchase agreements (PPAs) — in which clients procure clean energy directly from large-scale renewable energy projects — and carbon offset solutions. And in today's wide-ranging and fascinating podcast, he gives us a sense of how an engineer morphed into a customer-facing sales manager.

 Miguel's career path is at once typical and atypical, fueled by an advanced degree in renewable energy engineering and early career experience at the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ). At GIZ, his work focused on the financial analysis of solar cooling for industry and commerce.

 "That was the beginning of a series of events that led me to focus my entire degree, which was very technical and engineering heavy, into a business case direction. And it started what I think to this day is still my philosophy," he said.

 He has a practical approach to the industry, noting, "Sustainability is fantastic, and renewable energy is great. There's great technology out there, and there are a lot of things going on. But if we want to make a difference, we need to convince the people who don't care about any of that stuff there's a business case."

 Miguel is fully committed to sustainability, calling it his heart and background. But he's well aware that industry growth depends on persuading people who are inherently skeptical of the whole thing of all the reasons beyond the obvious why they should invest in it.

 Through his education, internships and various jobs, Miguel honed his expertise in financial engineering. Now he's comfortable presenting sustainability numbers to people on the procurement side in such a way that they say, "okay, that makes sense to me, even if I don't care about renewables."

 Miguel shares some interesting observations about the core skills that bring value to his customers and his corporation in his current role. They include excellent internal and external stakeholder management, including coordinating efforts, understanding who your allies are, and how to marshal essential resources.

 And he shares a story I absolutely love about the teaching career he thought he might follow in high school. While he ultimately opted for a different path, he explains how he incorporated his passion for breaking down complicated topics into easy-to-understand ideas.

That ability still gets people excited about and clear around the sustainability topics he shares today through his work at the global, pancontinental, multicultural collective that is Schneider Electric — one of the largest corporations in the world.

 In 2021 Schneider received the top ranking in the Global 100 Most Sustainable Corporations list from research organization Corporate Knights for its dedication to sustainable practices, particularly regarding the digital transformation of energy.

It's worth noting Miguel is part of what was formally known as Renewable Choice Energy, a leader in helping commercial, industrial, and institutional clients navigate clean energy purchasing options. Schneider acquired the firm in 2017.

 I’m excited to share Miguel’s insights about what customers and aspiring clean energy sale professionals need to know. “Anyone who wants to hear more about how to get into this space, how to get into sales from a technical background, or more about PPAs, hit me up on LinkedIn. And I'll be happy to start a conversation,” Miguel said.

TIMESTAMPS:

(04:35) How Miguel became a sales manager as an engineer
(07:49) Miguel's value to customers and Schneider Electric
(11:11) What hard skills are consequential to Miguel's growth
(14:00) How Miguel applied ideas to his work at Green Genius
(17:35) How sales teams bifurcate into verticals
(23:25) Trade offs in engaging organizations as a sales manager
(26:23) Internal Signs that a corporate client is ready to engage clean energy procurement
(28:47) External signs a corporate client is ready to engage clean energy procurement
(30:40) How sales managers build educated market for suppliers
(32:57) Why demonstrate track record publicly
(34:46) How Miguel chose his sub category 
(38:08) Why educate yourself when selecting verticals
(42:00) Rough statistics of Schneider Electric
(42:46) Where to find Miguel
(43:34) Wrap up


RESOURCES:

Find Miguel on LinkedIn.

Connect with Schneider Electric on LinkedIn, Twitter, Facebook and on their website.


Thanks again to this week's sponsor, helping keep the podcast FREE to you!

 

SUNGROW focuses on integrated energy storage system solutions, including PCS, lithium-ion batteries and energy management system. Pleae visit https://www.mysuncast.com/sungrow


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 489: Understanding the “Value Stack” for Community Solar with Sy Kim, Community Solar Support LLC

This is Episode 5 of 5 in our Community Solar Series

Learn more here.

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


Community solar is very attractive, because the market has shifted towards offering fixed percentage discounts to the underlying bill credit, which is a long winded way of saying almost guaranteed savings. If you’re a potential subscriber, why wouldn’t you want to take guaranteed savings, right?
— Sy Kim, Community Solar Support LLC

If you’ve been following along the touchstones that make up the community solar market…

“In this final episode of our 5-part series, we still have one more segment of this quilt of knowledge left to weave - the money - how does it work? You heard David Sandbank in Episode 1 refer to the Value Stack. The ways in which the market participants are incentivized to participate is an important element of any complete understanding of an industry sufficient that you could actually begin to participate in it. So, today I’m sitting down with Sy Kim, an industry veteran who has become a go-to resource for those who wish to develop market entry and business development plans for community solar. I first met Sy back when he was a project developer at SunPower before he went on to take senior leadership roles in NRG Energy and what would become Clearway. Sy’s market understanding surpasses most others I’ve met when it comes to explaining the one piece left to unravel in this tapestry - just how does the revenue in these projects stack up? 

We discuss RECs, Tax Equity, market constraints & More. 

From types of offtakers to credit risk, incentives and customer mix, this final discussion will hopefully help fill any remaining gaps in your understanding of just exactly what community solar is and how you can participate in this high-growth opportunity.

You can learn more about today’s guest and our expert lineup along with what else is to come in the series at www.mysuncast.com/communitysolar 

Did you miss the series so far?CONSIDER THIS YOUR “COMMUNITY SOLAR 101”

In this 5-part series, we answer:

  • How does Community Solar work, and what are the Policy frameworks that support it’s expansion?

  • Is the development of Community Solar that much different from other solar verticals (C&I, Utility)?

  • How does this segment of the industry enable a more just & equitable solar offering?

  • Who are the customers and how are they acquired for Community Solar as compared with other verticals?

  • And, How does the money flow into, through and out of these projects for the various stakeholders?

 

The Community Solar series presented in partnership with EDP Renewables N. America, Distributed Generation.

You can learn more about all the sponsors who help make SunCast free for you, here: www.mysuncast.com/sponsors

And you can always find the resources and learn more about today’s guest, recommendations, book links, and more than 485 other founder stories and startup advice at www.mysuncast.com.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.


Here’s a peak at the Community Solar Series:

Episode 1: The Role of Policy in Community Solar with Jeff Cramer, CCSA & David Sandbank, NYSERDA

Episode 2: The Project Developer Perspective: Is it really that different?

Episode 3: Federal support for equitable access to solar

Episode 4: Customer acquisition for Community Solar

Episode 5: Understanding the “Value Stack” for Community Solar

TIMESTAMPS:

(04:25) Sai's expectation of community solar in 2014
(05:42) How Sai help partners in community solar marketplace
(08:22) What is unique about community solar revenue streams
(10:17) Areas of revenue for community solar
(11:52) What offtake agreement is all about
(15:50) How PPA impacts project viability
(16:55) How community solar redefines the nature of offtakers
(21:33) Financiers' comfortability with contracted revenue
(23:54) Impact of customer fungibility on asset flexibility
(26:39) How Renewable Energy Credits work
(30:50) Importance of incentive program to community solar
(33:29) How incentives contribute to cash flow
(35:49) Constraints of going into community solar from developers perspective
(38:10) Community solar attractiveness to equity providers
(40:42) Best way to reach Sai Kim
(41:17) Wrap up


ABOUT SY KIM:

Sy has more than 13 years of renewable energy origination and development experience. This expertise is utilized by the commercial clients he advises on behind-the-meter (BTM) and community solar opportunities nationwide. Prior to starting his own renewable energy consulting practice, Sy managed origination and development at NRG Renew/Clearway and SunPower. He received a B.S. degree in Management Science from UC San Diego, and an MBA from UCLA.

Energy leader committed to driving results throughout the value chain, from Market Development and Strategy to Project Development and Originations. Thrives while spearheading multi-stakeholder BTM, Community and Utility transactions.


RESOURCES:

Find SY on LinkedIn.


CHECK OUT THE ENTIRE COMMUNITY SOLAR SERIES:


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 488: Customer Acquisition for Community Solar with Kate Henningsen, Arcadia Power

This is Episode 4 of 5 in our Community Solar Series

Learn more here.

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


...through technology, we can track movers, we can move with them much more easily. And so we’ve opened up a whole new class of customers, with no FICO score[requirement], renters I mean, and then we can move with them.
— Kate Henningsen, Arcadia Power

Customers are the heartbeat of Community Solar, and they’re acquired more like Internet or Telecom customers than traditional solar or energy companies are accustomed to.

➡️ The key to Community Solar growth is in understanding the customer acquisition model and making it EASY for more customers to say “YES”. 

How are Community Solar subscribers:

☀️Found?

☀️Enrolled?

☀️& Serviced?

How does customer acquisition for Community Solar actually work? 

In Episode 4 of this series, we’ll hear from Kate Henningsen, Co-founder and COO at Arcadia Power. Prior to joining Arcadia Power as its sixth employee, Kate spent several years as a litigator at an international law firm, providing counsel to businesses on a wide variety of high-stakes issues. She has helped grow Arcadia to perhaps the most well-known among a category of service providers known as “aggregators” in Community Solar. We often hear community solar buyers referred to as subscribers. 

But, who actually finds, enrolls and services these subscribers? How does customer acquisition for community solar actually work? And how do you get beyond the general notion that it is just Too Good to be True? To answer these questions and more, I reached out to Kate Henningsen. Kate and the Arcadia team have onboarded more than 200K solar customers, and have eliminated the need for a FICO score as a pre-requisite for subscription. Aggregators serve a critical function in the marketplace to lower customer acquisition costs & address the scalability of the sector.

The more you learn about Community Solar, the more you realize that it’s not too good to be true. It’s an incredibly powerful, growing vertical in the Solar sector.

Kate and the Arcadia team have on-boarded more than 200k solar customers while eliminating the need for a FICO score. 

How? Tune-in today to learn & then head of to Linkedin and contribute your thoughts!

You can learn more about today’s guest and our expert lineup along with what else is to come in the series at www.mysuncast.com/communitysolar 

In this 5-part series, we answer:

  • How does Community Solar work, and what are the Policy frameworks that support it’s expansion?

  • Is the development of Community Solar that much different from other solar verticals (C&I, Utility)?

  • How does this segment of the industry enable a more just & equitable solar offering?

  • Who are the customers and how are they acquired for Community Solar as compared with other verticals?

  • And, How does the money flow into, through and out of these projects for the various stakeholders?

 The Community Solar series presented in partnership with EDP Renewables N. America, Distributed Generation.

You can learn more about all the sponsors who help make SunCast free for you, here: www.mysuncast.com/sponsors

And you can always find the resources and learn more about today’s guest, recommendations, book links, and more than 485 other founder stories and startup advice at www.mysuncast.com.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.


Here’s a peak at the Community Solar Series:

Episode 1: The Role of Policy in Community Solar with Jeff Cramer, CCSA & David Sandbank, NYSERDA

Episode 2: The Project Developer Perspective: Is it really that different?

Episode 3: Federal support for equitable access to solar

Episode 4: Customer acquisition for Community Solar

Episode 5: Understanding the “Value Stack” for Community Solar

TIMESTAMPS:

(04:13) How community solar impacts customer acquisition
(05:18) Kate's pre energy background
(09:06) Early weaknesses in product delivery
(11:31) Why aggregators exist in community solar
(14:09) Kate's thoughts on customer acquisition without FICO check
(16:02) How Kate gets underwriters comfortable with no FICO score
(17:45) How Kate uses diversity channel to precede the market
(19:55) How community solar creates opportunity for other people
(20:59) How regulators see community solar products
(24:52) States with market traction
(26:17) Obstacles that stand in the way of community solar being pervasive
(28:54) Kate's thoughts on incentivizing community solar
(31:10) At what stage is community solar at now
(33:00) Wrap up


ABOUT KATE HENNINGSEN:

Kate Henningsen is Co-Founder & COO at Arcadia. Prior to joining Arcadia Power as its sixth employee, Kate spent several years as a litigator at an international law firm, providing counsel to businesses on a wide variety of high-stakes issues. She is an honors graduate of Georgetown University and Georgetown University Law Center, and holds a Master’s degree from Oxford University. A sixth-generation Wisconsinite, she lives on Capitol Hill in Washington D.C. with her husband and two daughters.


RESOURCES:

Find Kate on LinkedIn.

Follow Arcadia on LinkedIn, Facebook, Twitter, Instagram and check out their website.


CHECK OUT THE ENTIRE COMMUNITY SOLAR SERIES:


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.

Episode 487: $1B in energy savings by 2025!...how the DOE supports Community Solar, with Nicole Steele, DOE

This is Episode 3 of 5 in our Community Solar Series

Learn more here.

We'd love if you'd leave us a 5 ⭐ rating & review and it's never been easier: www.ratethispodcast.com/suncast


The US Department of Energy considers community solar an indispensable source in our future energy mix.
— Nicole Steele, US DOE

In Episode 3 of our Community Solar Series, we’ll hear from Nicole Steele, Senior advisor for Energy Justice & workforce at the Department of Energy’s Solar Energy Technologies Office.

Nicole runs the National Community Solar Partnership, which as you heard in Episode 1 has set an ambitious goal of achieving $1B in energy savings across 5M households by 2025. 

This would represent an increase from 3 to 20GW of community solar capacity in the US, and reflects an average bill reduction of 20%.

How does the DOE plan to support this program? Why did it need to exist at all? And how can you benefit from it in your company or community? That’s what we intend to understand and illuminate in this discussion with Nicole Steele.

Nicole (originally featured on SunCast episode 177) is a nationally recognized leader and expert in clean energy with a focus on frontline communities and workforce development. She has 20 years of experience working with government officials, policymakers, advocates, and entrepreneurs to develop and implement inclusive clean energy policies and programs. And as she says, “the business model of community solar is democratizing energy because it's a business model that allows for everyone to see the benefits of solar, even if you can't host solar on your rooftop.”

Key Questions we cover in this interview:

  • Why is the DOE supporting Community Solar, specifically?

  • Who are the stakeholders DOE is engaging, and how?

  • What is the “5 pathways to success” model that Nicole & DOE offer?

  • And, what are the desired outcomes for this program, beyond the headlines of $1B in energy savings?

According to Nicole, the DOE is focused on one thing w/this program: How do we get more community solar on more rooftops as quickly as possible?

Tune in to learn more and see how this program might be useful for your community.

Resources mentioned that are worth checking out right from your mobile: 

NCSP Getting to 5 Million: Slides and Recording (53 min version)

NCSP Annual Summit: Recording (A FOUR HOUR event if you’re looking to do a truly deep dive!) 

You can learn more about today’s guest and our expert lineup along with what else is to come in the series at www.mysuncast.com/communitysolar 

The Community Solar series presented in partnership with EDP Renewables N. America, Distributed Generation.

You can learn more about all the sponsors who help make SunCast free for you, here: www.mysuncast.com/sponsors

And you can always find the resources and learn more about today’s guest, recommendations, book links, and more than 485 other founder stories and startup advice at www.mysuncast.com.

You can connect with me, Nico Johnson, on Twitter, LinkedIn or email.


Here’s a peak at what’s coming this week on the Community Solar Series

Episode 1: The Role of Policy in Community Solar with Jeff Cramer, CCSA & David Sandbank, NYSERDA

Episode 2: The Project Developer Perspective: Is it really that different?

Episode 3: Federal support for equitable access to solar

Episode 4: Customer acquisition for Community Solar

Episode 5: Understanding the “Value Stack” for Community Solar

TIMESTAMPS:

(02:40)  How DOE defines community solar
(03:25) Why Energy Department supports community solar
(04:47) Nicole's role in the National Community Solar Partnership
(07:44) How community driven growth fuels the business model
(10:33) Why incentivize stakeholders, solar sales companies for communities
(15:36) What engaging stakeholders looks like for NCSP 
(17:52) What the five pathways to success are
(31:15) Impact of framing community solar conversation
(37:14) How NCSP plans to ensure further 10% improvement
(39:54) What Nicole's community solar success parameter would be 
(41:49) Where to learn more
(44:19) Wrap up


ABOUT NICOLE STEELE:

Nicole Steele joined the U.S. Department of Energy Solar Energy Technologies Office in January 2021 as a senior advisor for equity and workforce issues and leads the National Community Solar Partnership. She is a nationally recognized leader and expert in clean energy with a focus on frontline communities and workforce development. She has 20 years of experience working with government officials, policymakers, advocates, and entrepreneurs to develop and implement inclusive clean energy policies and programs. Nicole was the founding executive director of GRID Alternatives Mid-Atlantic, policy director at the Alliance to Save Energy, and ran the Energy Efficiency and Conservation Block Grant (EECBG) program for Loudoun County, Virginia. She started her career in affordable housing, community planning, and politics. She is an AmeriCorps alumni and passionate supporter of community service.


RESOURCES:

Find Nicole on LinkedIn.

Follow U.S. Department of Energy on LinkedIn, Facebook, Twitter, Instagram, YouTube and check out their website.


CHECK OUT THE ENTIRE COMMUNITY SOLAR SERIES:


ABOUT THE HOST OF SUNCAST:

Nico Johnson is the creator and host of SunCast, consistently rated a top solar podcast in the clean energy sector. The content of the show is geared towards listeners looking for insights on where the markets are headed, how to position themselves or their companies, and what today's market leaders do to stay ahead of the pack.

Nico is an Investor, Executive Coach, and 15-year veteran of the solar industry, having led development in the US and Latin America for global companies like Trina Solar and Conergy.

You can connect with Nico Johnson on Twitter, LinkedIn or email.

If you’ve been second-guessing your work decisions or maybe trying to reconsider how you "fit" in the renewable energy industry -> grab 20 minutes on Nico's calendar and discuss whether having him as Your personal coach might be the right next step.