Microgrid Executive MBA Training


Length: 6 weeks

Instructor: Mahesh Bhave

Subjects: Microgrid, Energy Finance

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Earn Continuing Education Credits

Approved for: 18 GBCI credits (CE Hours for LEED Professionals)

Student Rating

Rating: 6.5/10 (Since October 2015)
64 students have taken this course


This is a comprehensive, data-driven business course on microgrid project development for professionals developed by Renewable Energy World and Dr. Mahesh Bhave. Students will learn to evaluate project economics of microgrid projects in a variety of markets using case studies, financial models, and templates. The course is self-paced over six weeks with unlimited opportunities to network with classmates and Dr. Bhave. Students will have access to all course videos, tools, and templates for a full year after the official end of the course.

Microgrids combine a variety of renewable energy technologies into one integrated solution that matches varying loads while taking into account how different locations offer different benefits. This course will cover all of these technologies, including:

Battery Storage

How to do this optimally, at lowest cost? For small systems of 1 MW or even less? This is the microgrid challenge we will cover in the course.

Includes Excel Templates for Project Modeling

Pro forma modeling for microgrids is a highly specialized skill. This course will provide the tools necessary to create a realistic and reliable model.

Limited Seating

RenewableEnergyWorld.com and Dr. Bhave are global thought leaders on microgrids. To maximize the impact of the course, this event is limited to fifty registrants.

There are no prerequisites, but there are some preferred requirements

Familiarity with Excel and PowerPoint (with an emphasis on communication, not bulleted lists). Organization of slide space to communicate briefly, succinctly, and comprehensively. Formulating assumptions, pro forma cash flow statements, and knowledge of DCF. Teams of students with complementary expertise may be formed during the course.

This course is not a full Masters Degree in Business Administration

This course doesn't offer college credit toward a degree. Rather, it's an intense, targeted learning experience for professionals who need to build a very specific skill set.

Self-Paced Online Course

This course is self-paced and entirely online. The lecture videos and other materials are available any time, and the instructor responds to student questions through a discussion board. In order to participate, you will need an Internet connection and an up-to-date web browser.

Supported by Student Advocate – Tom McCormack

In addition to instructor support via the discussion board, students have access to Tom McCormack, HeatSpring's Student Advocate. He is available to answer general questions via email, discussion board, chat, or phone. (Spanish email support available upon request.)

Earn a Certificate of Completion

When you complete this course you are eligible for a certificate of completion from HeatSpring. You can download your certificate as soon as you have completed all of the course requirements. Students can easily share their verified certificates on their LinkedIn profiles using our one-click LinkedIn integration.

Your Instructor

Person medium mahesh bhave 2015 studio iim k

Mahesh Bhave

Visiting Professor, Indian Institute of Management

Mahesh Bhave is a Visiting Professor of Strategy at Indian Institute of Management, Kozhikode, India. He has worked in product management, strategy, and business development positions at Hughes, Sprint, and Citizens in the United States. He is the founder of a rich media communications start-up in San Diego, CA. He is an engineer from IIT, New Delhi and Ph.D. from...[more]

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Course Outline

Welcome - Orientation Materials

This course is self-paced, so you don’t need to be logged in at any specific time. You can complete the material whenever is convenient and work ahead or catch up if you fall behind. Expect to dedicate a minimum of 5 hours per week to the course. Keep in mind that the instructor will be there to answer your questions and help you learn for the duration of the course. The instructor will only be available to answer questions during the posted session dates, so ask all your questions while we're in session. You will have access to all of the online materials for a full year. Contact Tom McCormack, your Student Advocate, if you have questions before or after the posted session dates. Please review the orientation materials and introduce yourself on the discussion board.

Week 1 - Context & Overview

The course begins with a discussion on where the electricity industry is headed and we'll make the case for microgrids.

Week 2 - Microgrids: The Design Challenge and Economic Feasibility

This week we'll define microgrids and explore entrepreneurial opportunities in Electricity 2.0. You'll be asked to calculate market size for microgrids.

Week 3 - MBA components: "Location-Markets," Entrepreneurial Opportunities, Industry Structure, and "What business are we in?"

In this session we'll discuss traditional microgrid applications on military bases, campuses, jails and hospitals. We'll take a global view of microgrids and discuss the challenges in rural parts of the world. We'll close by exploring how microgrids parallel dramatic changes in telecom.

Week 4 - Financial Modeling, and MBA components, continued

This week we'll use a pro forma cash flow template to graph revenue, costs, and break-even analysis using investment, service penetration, revenue, costs, and NPV. Our goal is to optimize project returns while meeting performance objectives and balance multiple generation sources.

Week 5 - MBA components, continued: Segmentation, Positioning, Dis-aggregation

In this last week before the Capstone Project, we'll discuss extensions of the Ansoff matrix as they relate to the electricity industry. My hypothesis: The electricity industry will fragment into distinct product-market-location segments. I'll attend the 2015 Global Microgrid Summit, Irvine, CA and share what I find. Last year, the conference almost exclusively focused on technology, pilots, trials, ... and generally on the US. There was little to no discussion about economics or project feasibility. Q. why are there so few microgrids below 1 MW?

Week 6 - Microgrid Investment Proposal

Could you submit a 15-slide microgrid investment proposal, including pro forma financials? Built upon the Week 5 assignment? Capstone assignments can be completed individually or in groups. Granted this will take time. You may submit it even a month after the close of class, and we can post it to the class site.

After The Course - Feedback and Additional Resources

No matter how great this course is, we know it's just one part of a bigger journey. In this module we'll start thinking about what comes next. You'll provide feedback on the course, request a certificate of completion, and learn about additional resources. Don't forget that you'll have access to this course and all updates we make to it for at least a year. Feel free to come back as much as you like to continue learning, and please stay in touch. Let us know what you do next and how we can help.

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Free Lecture: Economic Optimization of Hybrid Renewable Microgrids Using HOMER Pro

This 1.5-hour free lecture shows you how to use HOMER software to simulate microgrid performance. A free 30-day trial of HOMER software and a walk-through of several real examples is also included.

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Download a free tool used in this course

Microgrid Model

Author: Mahesh Bhave