Author: Allison Gully

Employee Spotlight on Nikhil Ramakrishnan, Marketing Specialist

“Where I grew up in India was a huge inspiration to me and shaped who I am today. So being able to incorporate parts of that in my music and my creative process is rewarding.”

Nikhil Ramakrishnan, marketing specialist at REsurety

“I grew up all over the place. I was born in Pennsylvania, but I only lived there for two or three years before moving to New York. Then we moved to Singapore for a year. Then back to New York and eventually we moved to New Delhi, where I did middle school and high school. It was definitely a lot of different cultures and a little bit of culture shock here and there. 

“When I first moved to India, I didn’t grasp how cool the experience was. I had to learn the language from scratch. I had to start at a preschool level because I didn’t know anything. After two or three years, I became fluent in Hindi though, which was pretty impressive, I didn’t think I’d be able to do that.

“For a long time, I really had no idea what I wanted to do. When I was in high school, I took a couple of broad business classes that gave a feel for each field within business. Afterwards, I decided that business would be the best fit. And within those classes, I was pretty good at marketing. I also enjoyed the marketing side the most. 

“I always knew that I wanted to come back to the U.S. for college. I had done 10 years in India, it was time for a change. I went into college as a marketing major. After taking a few classes, I knew that that was what I wanted to pursue.

“I like the connecting with people aspect, because you really have to understand what a person is thinking or what a person is looking for. That human touch in marketing is something that you don’t often find in other parts of business. And there’s so many different ways of targeting people and reaching people. People think and behave in so many different ways. There’s not just one blanket method of targeting or hitting on somebody’s interest. 

“I also really enjoy music. I make music in my free time. It’s mostly hip hop and rap tracks. It’s cool to see how my music has evolved. It started out as just a hobby with my college roommate and it’s now grown to where we’re putting on local shows, meeting new artists from the area, and growing our network in the music space as well. 

“Living in India definitely shaped my taste in music. I actually wrote a whole song about the city that I used to live in. Where I grew up in India was a huge inspiration to me and shaped who I am today. So being able to incorporate parts of that in my music and my creative process is rewarding.

“I just graduated from Northeastern University about two and a half months ago. The clean energy field was always something that I was around growing up, because my dad worked in energy companies. It was never a situation where I was forcing myself to pursue energy. It was just if an opportunity to work in energy came up, I’d definitely consider it. It just so happened to work out that way with REsurety. 

“I’m looking forward to growing and developing more as a marketer in this new role. It already feels like the work I’m doing is very meaningful and making an impact on the organization. I’m also excited for the amount of growth potential that the energy field has to offer. I think the future is looking really bright for it and I’m excited to be a part of it.”

Join our team

Clean Integration Podcast: Managing Intermittent Power Risks

Clean Integration Podcast by Soluna

Listen in as John Belizaire, CEO at Soluna Computing and Lee Taylor, CEO at REsurety discuss the challenge of intermittency in the renewable energy market. The podcast covers REsurety’s impact on the clean energy economy through their innovative tools like Locational Marginal Emissions (LMEs) and hedging strategies.

The Clean Integration Podcast features experts in the renewable energy industry discussing the path to making renewables the primary, most affordable energy source. The podcast is sponsored by Soluna, a utility-scale developer that combines renewable energy power plants with high-performance computing facilities.

June 2022 Project Finance NewsWire

How Hedges Have Changed Since Uri, Lee Taylor, REsurety CEO

Project Finance NewsWire spotlights developments affecting project finance and the energy sector; you can find Lee Taylor’s feature on page 15.

AN EXCERPT:

Cover page of the June 2022 Project Finance NewsWire report.
A publication from Norton Rose Fulbright

The hedge market is offering the same menu of options a year and a half after a sudden cold snap in Texas left some power projects facing huge losses.

However, more attention is being paid to how to cap exposure in extreme scenarios.

Winter Storm Uri was an extreme cold event in late February 2021, centered in Texas but also affecting neighboring states, that was a one-in-10-year or one-in-50-year event, depending on which meteorologist you ask. It was not off the charts, but it involved an extreme level of sustained cold. There were deaths and significant property damage in Texas.

The storm led to a spike in electricity demand, especially for heating, and a shortfall in supply.

The shortfall in supply was driven by a number of factors, but the main driver was power plants froze physically and transmission infrastructure was shut down. These factors affected all types of power plants. The most pronounced effect was on gas-fired generation, but renewables, and wind in particular, were affected as well.

There was a pronounced financial impact in ERCOT because of the mechanism within ERCOT to reward generation during spikes in demand. There are administrative adders to the spot electricity price that force the price of power to go to a cap, incentivizing supply when demand spikes. At the time, the cap was $9,000 a megawatt hour. The result was that a spot market in which the price for electricity is often in the $20 to $40 range per MWh, was suddenly pricing power at $9,000 a MWh for three days.

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