Student Life
Takeaways from CERAWeek Volunteers
Rice MBA students volunteered their time during this year’s CERAWeek — an annual conference held in Houston and hosted by S&P Global. Below, they share takeaways from their experience.
What are the insights and discussions on the latest industry trends? What are we seeing in terms of innovative technologies and energy sector challenges?
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U.S. electricity demand is set to increase rapidly.
- Projections for future electricity needs have significantly increased due to rapid advancement in AI, a renewed focus on reshoring U.S. manufacturing, and ongoing efforts to electrify the economy.
- This demand surge impacts the aging and underinvested power grid. Traditional power and utility business models are struggling to support the anticipated load growth.
- The expansion of power projects — both renewable and conventional — is hindered by lengthy permitting processes, political opposition, and extended project queues.
Derek Fry, Full-Time MBA
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Efforts in clean tech and sustainability are driving operational and environmental improvements.
- Companies have an increasingly real opportunity to enhance efficiency, reduce costs and mitigate environmental impact.
- Strategic alliances between industry players, governments and stakeholders are vital in addressing global energy challenges.
- To drive growth and long-term resilience, the energy industry needs to embrace change, invest in renewable energy solutions, and prioritize sustainability.
Yijiao Huang, Full-Time MBA
Hydrogen hubs boost supply, and soil carbon farming provides new revenue.
- Hydrogen hubs are driving progress in the hydrogen supply chain, although challenges remain in funding and strategy.
- Soil carbon sequestration gives farmers new revenue opportunities, but education and financing gaps persist.
- Momentum and incentives from government and corporations support the advancement of both hydrogen and carbon sequestration solutions.
Dana Vazquez, Full-Time MBA
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Climate leadership calls for accelerated action through roadmaps, partnerships, and innovation.
- John Kerry: The world has advanced enormously towards a cleaner, more conscious way to power the future; nevertheless we need to accelerate.
- Energy transition needs talent, platforms, and partnerships to succeed.
- R&D, startups, and technology advancement are key for continued progress.
Mercedes Moncada-Garcia, Full-Time MBA
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The energy transition is driven by collaboration and innovation across sectors.
- Both traditional and renewable energy sources are essential for an effective transition.
- Renewable and energy firms are driving innovation to address complex economic and geopolitical challenges.
- Collaborative spirit across industries will offer reassurance amidst challenges in long-term energy and emissions solutions.
McKinley Trusclair, Professional MBA
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Advancing computing demands require innovative grid solutions.
- Grid stability faces a challenge in the growing energy needs of data centers and AI.
- Renewables introduce new grid management complexities.
- Advancements in battery storage and intelligent grid tech offer a promising path forward.
Jose Garza, Full-Time MBA