high honor

Houston professor receives prestigious energy economics award

Peter Hartley has accepted one of the highest honors of his career. Photo via Rice.edu

A Rice economist, Peter Hartley, received the most prestigious honor awarded by the United States Association for Energy Economics earlier this month.

Known as the Adelman-Frankel Award, the honor is granted to "an individual or organization for a unique and innovative contribution to the field of energy economics," according to a statement from Rice. It was presented to Hartley for his wide-ranging work in the energy economics field on November 7 at USAEE/International Association for Energy Economics North American Conference in Chicago.

The Rice Baker Institute’s Center of Energy Studies was granted the award as an organization in 2013. Last year, two professors from the University of California, Berkeley received the award.

“I’m honored to be included among the distinguished group of economists,” Hartley says in a statement.

Hartley has worked as an energy economist for 40 years. He is the George A. Peterkin Professor of Economics at Rice and is a Rice Scholar of Energy Economics at the Baker Institute. His work focused originally on electricity but has shifted to focus on natural gas, oil, coal, nuclear and renewable energy in recent years. He's also published work on more theoretical topics, including money, banking and business cycles.

Prior to coming to Rice, Hartley served as an assistant professor of economics at Princeton University. He is originally from Australia and holds a bachelors in mathematics and masters in economics from Australian National University. He received his PhD in economics from University of Chicago.

Also at the conference, Connor Colombe, a PhD graduate student at the University of Texas at Austin, received the Best Student Paper award, according to the USAEE's LinkedIn page. The winner was granted $1,000 and received feedback from energy economists at the conference.

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A View From HETI

Reliant is offering new incentives to boost NRG's virtual power plant network in Texas. Photo via goodleap.com.

Houston’s Reliant and San Francisco tech company GoodLeap are teaming up to bolster residential battery participation and accelerate the growth of NRG’s virtual power plant (VPP) network in Texas.

Through the new partnership, eligible Reliant customers can either lease a battery or enter into a power purchase agreement with GoodLeap through its GoodGrid program, which incentivises users by offering monthly performance-based rewards for contributing stored power to the grid. Through the Reliant GoodLeap VPP Battery Program, customers will start earning $40 per month in rewards from GoodLeap.

“These incentives highlight our commitment to making homeowner battery adoption more accessible, effectively offsetting the cost of the battery and making the upgrade a no-cost addition to their homes,” Dan Lotano, COO at GoodLeap, said in a news release.“We’re proud to work with NRG to unlock the next frontier in distributed energy in Texas. This marks an important step in GoodLeap reaching our nationwide goal of 1.5 GW of managed distributed energy over the next five years.”

Other features of the program include power outage plans, with battery reserves set aside for outage events. The plan also intelligently manages the battery without homeowner interaction.

The partnership comes as Reliant’s parent company, NRG, continues to scale its VPP program. Last year, NRG partnered with California-based Renew Home to distribute hundreds of thousands of VPP-enabled smart thermostats by 2035 in an effort to help households manage and lower their energy costs.

“We started building our VPP with smart thermostats across Texas, and now this partnership with GoodLeap brings home battery storage into our platform,” Mark Parsons, senior vice president and head of Texas energy at NRG, said in a the release. “Each time we add new devices, we’re enabling Texans to unlock new value from their homes, earn rewards and help build a more resilient grid for everyone. This is about giving customers the opportunity to actively participate in the energy transition and receive tangible benefits for themselves and their communities.

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