Consultant
Sharad Bharadwaj

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Sharad Bharadwaj

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

Projects

Cost-effective pathways to Hawai‘i’s 100 percent RPS goal

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 […]

Least-cost planning for achieving Hawai‘i’s 100 percent RPS | HECO, 2015–present

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.

Publications

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.

 

Publications

New York GHG scenario analysis | NYSERDA, 2016–present

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.

Assessing benefits and challenges of the Western EIM

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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