NEW YORK, April 21, 2017 /PRNewswire/ -- This week NRG
Energy selected the top three proposals that outlined solutions to
a critical clean-energy issue. Teams from universities in America
and Europe were given a challenge:
as new clean-energy technologies become widely available for
society's infrastructures, from hospitals to data centres, how can
their integration be financed most effectively?
First place was awarded to the Blue Team from UCLA. The team recommended the development of a
distributed clean-energy system for a university in California. Their proposal would reduce carbon
emissions by more than 75%, improve resiliency with five megawatts
of backup power and employ an innovative financial structure,
allowing the university to monetise the tax benefits and leverage
its return with cheaper debt.
Second place went to The Beetles from MIT. They designed a solution for a five-megawatt
New Jersey hospital that will not
only free it from the grip of the power market, but also increase
resilience while netting in effect zero carbon emissions.
Placing third in the 2017 Energy Case-Study Competition is Team
CSG from Columbia School of International and
Public Affairs at Columbia University. The team created a
robust distributed-energy resource solution for a 2,000-bed,
five-megawatt hospital in New
Jersey that is reliable, sustainable and financially
attractive.
The People's Choice Award went to Team iRISE from Duke University after they received the most votes
from the general public.
To win the prize, teams created a workable financial model and
submitted the most compelling written and video proposals to
support their models. The submissions are hosted on The
Economist's Which MBA? site.
The 16 teams hail from:
- HEC Paris
- Columbia University's School of
International and Public Affairs
- Carnegie Mellon University's Wilton
E. Scott Institute for Energy Innovation
- Rutgers Energy Institute
- Colorado School of Mines, Mineral
and Energy Economics programme
- Duke University
- UCLA's Anderson School of Management
- Massachusetts Institute of
Technology
The case-study competition challenge and resulting selection
of winners are based solely on the opinion of the challenge
sponsor. The Economist does not endorse the opinions contained in
the content of the challenge or the participants' written and video
submissions.
About Which MBA?
(economist.com/whichmba)
Which MBA? is a
division of The Economist Newspaper Group which offers a suite of
online products serving both prospective MBA students and business
schools. Our consumer products for prospective students include a
GMAT preparation course, annual MBA rankings and content on
Economist.com.
About The Economist
(economist.com)
With a growing global
circulation (more than 1.5 million including both print and
digital) and a reputation for insightful analysis and perspective
on every aspect of world events, The Economist is one of the
most widely recognised and well-read current affairs
publications.
About NRG Energy, Inc (nrg.com)
NRG is
the leading integrated power company in the US, built on the
strength of the nation's largest and most diverse competitive
electric-generation portfolio and leading retail-electricity
platform. A Fortune 200 company, NRG creates value through
best-in-class operations, reliable and efficient electric
generation, and a retail platform serving residential and
commercial businesses. Working with electricity customers, large
and small, NRG continually innovates, embraces and implements
sustainable solutions for producing and managing energy.
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SOURCE The Economist's Which MBA? division