A New Business Model of Utilities
Mary Powell, CEO of Green Mountain Power, speaking at the Tuck School of Business in Hanover, NH on the topic of “Becoming an Energy Company: A New Business Model of Utilities.”
Mary has played an important leadership role in changing the way an electric utility thinks about renewable energy. If you’re someone considering going solar, I thought you might like to attend to hear her assessment of where utilities are heading.
A few of us from the Solaflect team will be attending and we look forward to seeing any of you who can make it.
Becoming an Energy Company with Mary Powell
UPDATE: Unfortunately, the Director of Marketing and Communications at Tuck has asked me to remove the talk Mary gave. Apparently it was not a “public” event after all and Mary’s comments were “off the record and for educational purposes at the school.”
Mary’s bio from the Green Mountain Power website
Mary Powell has served as President and Chief Executive Officer for Green Mountain Power Corporation since 2008, following seven years as Chief Operating Officer. Mary initiated and implemented a strategic and comprehensive restructuring of the company that dramatically transformed Green Mountain Power and has been the backbone of a cultural transformation and service quality improvement.
Mary launched an ambitious energy vision to provide low carbon, low cost and reliable power to Vermonters. As a result, the company has built Vermont’s largest wind farm, made Rutland, Vermont the Solar Generation Capital of New England, and has installed smart grid technology across the entire utility infrastructure. Mary is leading an energy transformation, providing customers comprehensive energy makeovers that help them save money and use less energy. GMP is the first utility in the world to become a member of B Corp, showing a commitment to use energy as a force for good.
In 2012, Mary led an acquisition of Central Vermont Public Service, with a promise to generate $144 million in savings for customers. GMP has grown from serving 88,000 customers in 2008 to serving well over 260,000 customers, with revenues of more than $640 million and $2 billion in assets.
In 2014, Mary announced a new partnership with NRG Energy, Inc. to make Vermont a leader in sustainable energy. And in 2015, Mary led another partnership with Tesla, with GMP becoming the first utility to offer the Tesla Powerwall battery. In 2004 Mary was recognized by Fast Company magazine as one of the “top 50 fast leaders” in the US and in 2014 was recognized by Powergen as the Woman of the Year.
Source: GMP Website
Also in the news:
Tesla Powerwalls for Home Energy Storage Are Hitting U.S. Market
To Steve Yates, the best thing about his new Tesla Powerwall is that he doesn’t have to worry anymore about the lights going out during a storm. Or maybe it’s how cool an addition it is to the entryway of his house in Monkton, Vermont.
“I’ve always wanted to have a backup power source,” said Yates, who was without electricity for 36 hours during Hurricane Irene in 2011. He also admires the Powerwall’s sleek white contours. “It’s kind of art-deco looking.” READ BLOOMBERG ARTICLE