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Michael STAVY, Renewable Energy Technology and Economics
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Michael STAVY'S Background, CV (Résumé)
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Michael STAVY'S Contact Information
Let's Talk

Schedule to Meet Me at a Renewable Energy Event
The Beighley-Stavy House

The Beighley-Stavy Home in Georgetown, CO
When in Chicago, ride the CTA

Innovations in Energy Efficient City Transit
Yes We Can!

The 2015 Paris Climate Accord
Honorary Member, Class of '62, Niles TWP HS

Michael STAVY's "Official" Office Song
Click; Click; Click

Michael's Picture Gallery-1
More Photos

Michael's Picture Gallery-2
A Chicago Icon

Inside Marina City


Lets Shop!

Buying Electricity and Natural Gas in Illinois' Competitive Energy Market
I help Propery Owners Develop their Wind Assets

Developing Wind Farms
Yes, We Can!

Consulting on the Finances of Climate Change Mitigation, the 2015 Paris Climate Agreement, Carbon Trading and the Carbon Tax
Heat energy not electricity

Developing Solar Thermal Projects

Developing PV Projects
Fuel Cell Vehicle

The Finances of Hybrid, Electric, Natural Gas, Hydrogen and Alternative Fuel Vehicles
generate electricity and heat

Developing Microturbine & Distributed Generation Projects


31 Papers/Presentations and Counting

Abstracts of Michael STAVY'S Published Papers and Presentations
see my co-authors

My August 2002 JSEE Paper is Specifically Cited in 11 Papers


My Papers on Climate Change

Michael's GHG Emissions Papers Will Help You Understand Climate Change and the Paris Climate Agreement
Talk to You in Vegas

PAPER at Solar Power International 2017, 10-13 September, Las Vegas
Nice Seeing you at SPI13

PAPER at Solar Power International 2013, 21-24 October, Chicago
Warsaw, Poland

Paper at the 2010 European Wind Energy Conference, 20-23 April, Warsaw Poland
Nice meeting with you in Marseille

PRESENTATION at the EWEC 2009 Marseille, France 16 - 19 March 2009
Download my Carbon Cap Presentation

Paper at the 2009 Michigan Wind Conference 3-4 March 2009, Cobo Hall, Detroit, MI
See you in Chicago

WINDPOWER 2009, May 4-7, Chicago, IL USA

Press for the CHICAGO EDITION of my 2009 EWEC Paper
día bueno

PRESENTATION at the 2008 Latin American Wind Energy Conference, November 5-7, Guadalajara, MX

PRESENTATION at WINDPOWER 2008, June 1-4, Houston, TX

PRESENTATION at the 2008 European Wind Energy Conference, 31 March-3 April, Brussels. Belgium
Nice seeing you in LA

PAPER, "The Economics of Storing Wind Electricity as Hydrogen" at WindPower 2007 June 3-6 Los Angeles, CA USA
Kellogg Graduate School of Management Class of 1969

QUOTED in the Northwestern Alumni Magazine, Winter, 2007
Storing Wind Electricity as Hydrogen

PAPER "The Technology of Storing Wind Electrcity as Hydrogen" at the European Wind Energy Conference, 7-10 May, 2007, Milan, Italy
Storing Wind Electricity as Hydrogen

PAPER at the POWER GEN Renewable Energy and Fuels Conference, March 6-8, 2007, Las Vegas, NV
Spoke to Reporters

PRESENTATION "Reporting the Wind Story" At the Seminar "Reporting Energy Issues in the Midwest", Sponsored by the Foundation for American Communications, Urbana, IL September 14, 2006
Spark, November 2005

Letter to the Editor of SPARK, November, 2005
Clear Creek Public Radio

"US Energy Sources and Uses" October 29, 2005 Interview on KYGT, Clear Creek County, CO Public Radio
Illinois’ Voluntary Renewable Portfolio Standard

MY 2005 COMMENTS to Illinois Commerce Commision Concerning lllinois' Renewable Portfolio Standard (RPS)
Indiana Dunes National Lakeshore

MY ANSWERS to Certain Questions Concerning Illinois' 2005 RPS (Renewable Portfolio Standard)
Yak Yak Yak

My 4 October 2005 Speech to the Sierra Club, Chicago Group, North Shore Program
Quoted Comments

COMMENTS Quoted in Newspapers or Magazines
Chicago Skyline

PUBLISHED "January 3, 2005 Letter to the Editor" in Crain's Chicago Business
Journal of Solar Energy Engineering

PAPER "Carbon Content of Hydrogen Vehicle Fuel" in the February, 2005 Journal of Solar Energy Engineering
The Cost of Wind Electricity

PAPER "Worksheet to Compute the Cost Wind Electricity", World Renewable Energy Conference-VIII, Denver, CO USA, August 29-September 3, 2004
Fuel Cell Vehicle

PAPER California Climate Change Center's First Annual Conference on Climate Change, June 9-10, 2004, Sacramento, CA
Fuel Cell Vehicle

PAPER, National Hydrogen Association 20O4 Convention, April 26-30, 2004, Los Angeles, CA
Paper on Kyoto Protocol

PAPER-Global WINDPOWER 2004 Conference, Chicago, IL USA, 28-31 March 2004
Levelized Cost and Carbon Content of Hydrogen Vehicle Fuel

PAPER-United States Association for Energy Economics-NCAC-Washington, DC, Friday, December 19, 2003
Fuel Cell Vehicle

PAPER-Illinois Economics Association's 33rd Annual Meeting, October 17-18, 2003, Chicago, IL
Fuel Cell Vehicle

PAPER-American Solar Energy Society's SOLAR 2003 Conference, June 21-23, 2003, Austin,TX
Yak Yak Yak

PAPER-International Solar Energy Society-SOLAR WORLD CONFERENCE 2003-14-19 June 2003,Goteborg, Sweden
Pure Hydrogen Flame

PAPER-European Wind Energy Association-2003 EUROPEAN WIND ENERGY CONFERENCE 16-20 June 2003-Madrid,Spain
Journal of Solar Energy Engineering

PAPER "Worksheet to compute the Levelized Cost of PV electricity", Journal of Solar Energy Engineering, August 2002
From Paris on Route N-7

PAPER 2002 Global WindPower Conference


  Schedule to Meet Me at a Renewable Energy Event

Michael STAVY  
Renewable Energy Technolgy and Finance  
300 N STATE ST APT 4434  
Chicago, Illinois USA 60654  

1. Solar Power International 2017 (SPI-17) September 10-13, Las Vegas

 This is the abstract for my SPI 2017 paper.


A Financial Algorithm for Computing the Levelized Cost of Storing Solar (PV) Electricity (LCOSE)


                                                                               Michael STAVY    

BA (University of Illinois at Chicago [UIC]); MBA (Northwestern-Kellogg-Day Program), Illinois CPA (inactive)


 Abstract— This paper discusses the financial and technical principles underlying the levelized cost method of computing the cost of storing solar (PV) electricity (LCOSE). The paper presents a levelized cost (CL) algorithm. The algorithm uses nine recognized energy storage system (EES) specifications to compute the levelized cost of the stored electricity. The algorithm equations are presented. Published ESS specifications are cited. For rapid computation, a worksheet is provided. The goal of this paper is to present a standard computational algorithm for financial analysts to use. A financial analyst can do a levelized cost computation based on paper’s LC algorithm and on the algorithm’s nine ESS specifications. The paper’s algorithm gives the analyst who has an ESS specifications, a quick “back of the envelope” verification of a developer’s (utility-scale), manufacturer’s (C & I; residential), or researcher’s (prototype) value for the cost ($/MWh; €/MWh) of energy storage.

Keywords—levelized cost; LCOE; LCOSE; energy storage system, ESS; energy storage finance; grid scale energy storage; ancillary services, PV; ESS; engineering economics; ESS specifications; ESS CapEx


The SPI 2017 Poster Reception will be held on Monday, September 11, 2017, 5pm- 6pm.  See you there!


Above is a picture of a Lady Bug at the Indiana Dunes National Lakeshore. Seeing a Lady Bug brings good luck! For more information on the Indiana Dunes National Lakeshore go to


Schedule to meet me at SPI-2017! Contact me @     


I  can meet up with you in the Exhibition Hall for a walk through.  The usual consulting fees will apply.  I look forward to meeting you.

While there are events that go on in Las Vegas that should stay in Las Vegas, I am presenting my SPI-17 paper in Las Vegas with the hope that the results of my paper that I present in Las Vegas do not just stay in Las Vegas. 



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