Sharad Bharadwaj focuses on wholesale operations and bulk system planning in energy markets. His work involves understanding market dynamics and exploring how evolving technologies and public policies will interact and influence future prices. He works with a wide range of clients, which gives him an understanding of important energy issues from different perspectives.
The challenge of climate change motivates Sharad, and he is excited to work in energy because he believes energy is the engine of modern civilization: we need to enable access to cheap, clean energy worldwide to give billions more people its benefits while ensuring a healthy environment.
Sharad joined the E3 team in 2015, and has research experience in energy storage modeling, data analysis, and analysis of greenhouse gas emissions. His studies included applied mathematics, system engineering, renewable energy processes, and emerging technologies.
Education: MS and BS, energy resources engineering, Stanford University
- Minnesota Decarbonization Scenarios: The Role of the Electric Sector
- Discussion of South Carolina Act 236: Version 2.0
- Pacific Northwest Pathways to 2050
- E3 December 2016 PSIP Update: Summary of findings from RESOLVE modeling of Oahu, Maui, and Hawai’i Islands
E3 analyzed regional 2050 decarbonization scenarios for the Pacific Northwest on behalf of NW Natural, a gas distribution business in Oregon and Southwest Washington. Unlike prior studies, E3’s focused on space heating technologies: both how they perform in cold temperatures and affect the costs of serving heating loads. E3 analyzed four scenarios — two maintaining direct use of gas in buildings, and two assuming large-scale building electrification — and found similar 2050 costs among the gas and cold-climate electric heat pump scenarios, and higher costs in the standard electric heat pump scenario. Gas scenarios require three things beyond the decarbonization strategies common to all scenarios: reducing the carbon intensity of natural gas by blending up to 30 percent carbon-neutral renewable natural gas (RNG) and hydrogen; high building energy efficiency; and deeper GHG reductions in non-building sector emissions. Electrification scenarios require rapid consumer adoption of electric heating technologies, especially cold-climate heat pumps, and significant electricity sector investments to address winter peak demand from electric space heating.
n 2015, Hawai‘i passed unprecedented legislation, Act 97, which requires its investor-owned utility, Hawaiian Electric Company (HECO), to meet a 100 percent renewable portfolio standard (RPS) by the end of 2045. Strengthening the state’s economy depends on moving away from imported fossil fuels for both electricity and transportation and increasing reliance on its abundant renewable […]
With more than two decades of experience in Hawai‘i, E3 is now helping the Hawaiian Electric Company (HECO) plan for the grid transformation needed to reach 100 percent renewable generation by 2045. Our long-term analysis supported development of the utility’s Power System Improvement Plan (PSIP), with modeling centered on individual island plans and interisland transmission. The study develops least-cost expansion plans for each island using a variety of policy cases and fuel price forecasts. E3 used its Renewable Energy Solutions model (RESOLVE) to explore the economic trade-off between renewable curtailment and investments in storage, and to develop least-cost expansion plans consistent with each scenario. We also solicited and incorporated stakeholder input. HECO filed the PSIP, including testimony and support from E3, with the Hawai‘i Public Service Commission in December 2016.
Economic analysis of market-based carbon reduction | Oregon Department of Environmental Quality, 2016–2017
E3 worked with the Oregon Department of Environmental Quality (DEQ) to evaluate the economic impacts of adopting a carbon market in Oregon, per the directive of the State Legislature (SB 5701). E3 performed a detailed literature review of cap and trade programs and impacts across North America and Europe. We also developed an economic analysis of Oregon’s climate policies, including an estimate of the potential macroeconomic impacts of cap and trade in Oregon. E3 evaluated two categories of climate policies: (1) ‘complementary policies,’ which are the policies that drive GHG emissions reductions outside of the carbon market (e.g. the renewable portfolio standard and energy efficiency programs), and (2) different configurations of a future carbon market. E3 modeled the complementary policies in the energy-accounting model LEAP (Long-range Energy Alternatives Planning system), and the impacts of the carbon market using the IMPLAN macroeconomic model. The results of this study were presented to Oregon stakeholders in January 2017, and the Oregon DEQ presented the study results to the Oregon Legislature for consideration in February 2017.
E3 is supporting the New York State Energy Research and Development Authority (NYSERDA) in developing a detailed GHG analysis to quantify the infrastructure and policy changes necessary to meet state climate and energy goals. We are evaluating the GHG and cost implications of a variety of scenarios that are consistent with New York’s goal of reducing statewide GHG emissions by 40 percent below 1990 levels by 2030 and 80 percent below 1990 levels by 2050. In this work, E3 developed a user-friendly PATHWAYS model on the LEAP software platform for NYSERDA, as well as other modeling tools to support evaluating costs and options to decarbonize the electricity sector.
he grid in the western U.S. is a patchwork of 38 balancing authorities. Each balances its loads and resources independently, exchanging energy through bilateral trades. This inefficient system is being strained with the growing presence of variable resources such as wind and solar. In 2011, the Western Electric Coordinating Council (WECC) engaged E3 to quantify […]
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