Business of Energy, Advanced Certificate
Locations: Capital Region
Cost: price per course
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The Clarkson University Business of Energy program is the only one if its kind. It provides a valuable grounding in the key technical and business aspects of the energy industry. Courses are taught by senior managers with years of experience in the energy business, and delivered entirely online to meet the needs of busy professionals.
Our outstanding faculty have distinguished themselves in education, research, and careers at many of the area’s leading technology firms. That experience allows them to integrate the latest technologies and applications into the courses they teach. Not only will you learn advanced theory, but you’ll understand how to apply it to real-life challenges.
Connect with leading energy companies
Developed in partnership with National Grid, the Business of Energy program draws on the experience of companies like GE Power Systems, Siemens, NY ISO, NYSERDA and others. You’ll learn alongside other energy industry professionals, and make valuable career connections.
The certification program blends contemporary energy issues and related business principles to create a focused learning experience. The primary objective is to increase competency to generate ideas, solve problems, and manage complexity in the challenging “Business of Energy”
The Business of Energy Certificate requires four courses (12 credits). The Foundations of the Business of Energy course is required and then students select three additional courses from the list below. Only four courses are required to earn the Certificate, however students will benefit greatly from completing all six courses. Program designed for all academic backgrounds – engineering, geosciences, law, business, policy and related disciplines.
Students may enroll in particular courses without earning the Certificate and will need the approval of the Dean to do so.
Fundamentals of The Business of Energy
An initial umbrella course designed to acquaint the student with the complexities of the present day power system and how we arrived at this point. It will include a brief history of the industry evolution and will encompass various fuels, types of generation, regulatory authorities, power transmission, distribution, control & dispatch, planning, power markets, and revenue flows.
Planning and Operations of Power Systems
Operations and planning of electric power systems. It will introduce and discuss the decision process regarding generation types, fuels, and transmission. Comparisons will be introduced establishing the difference between traditional vertically integrated utilities and unbundled resource suppliers. The principles of electric power systems will be studied along with the impact of deregulation.
This course will deal with the intricacies of the workings of the power markets. It will introduce and discuss the evolution from regulated pricing to market pricing. It will introduce and discuss market based products necessary for reliable operation; hedging principles; and out-of-market products necessary for a fair and reliable market.
The history of legislation, regulation and regulatory authorities in the development of the power industry and its impact on the economy and consumers. The evolution of the relationships between regulators and the regulated; the restructuring of the natural gas and electric industry over the last three decades; and the current regulatory status of both the infrastructure and power markets.
Electric Power Industry Economics & Finance
This course will evaluate the weaving thread of economics and finance as an integral part of operations and strategic planning in the complex energy industry. It will investigate supplier economics and finance under regulation and deregulation environments. It will evaluate market transactions, payment paths, settlements, capital requirements, financial instruments, and procedures that are identified with the industry. It will review economic issues confronting power transmission owners/providers under regulated models and merchant function models. The course will identify and encourage a knowledge based review of new technologies and green energy as they relate to financial and economic decision making. Energy policies, metering technology, micro-grids, government influences, fuels, storage will all be explored as they relate to various present and future economic and financial models.
Challenges to Upgrading Aging Infrastructure
This course will examine and evaluate the changing energy horizon as the industry embraces expanding technology, renewable energy, smart grid technology, etc.; to be exercised upon an aging infrastructure. The student will see the critical need for system knowledge and planning to continue to meet the needs and reliability of a sophisticated complex industry struggling to meet the needs of its customers and economic growth.