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Investing in renewable energy

Research Achievements

Investing in renewable energy

Cory Budischak's research has focused on the economically optimum mix of renewable energy generation and storage technologies in order to provide 100% renewable electricity to the PJM interconnect region. This work has combined practical engineering knowledge, such as converting wind speed and solar insolation into electricity output, with economic concepts such as net present value and energy financing. Using this data a digital simulation was performed to determine the best mix of offshore wind, onshore wind, photovoltaics, and storage options to provide the PJM Interconnect with 100% renewable electricity. The final outcome of the research will hopefully serve as a valuable resource for policy makers when deciding how to allocate funds for future energy investments.