Risk assessment, an earthquake, and Batteries paradigm

Yesterday we woke up at 07:13 am with a 5.5 magnitude earthquake in my region, Almeria - Spain, very unusual and the first time I experienced it myself. First one this magnitude here since 1930.

Probability of an alike event is even less than once in a lifetime, yet it happened. Fortunately, we experienced neither injuries nor damage. Likewise the blackout event on 28th of April, it shouldn’t have happened, yet it happened.

I remember some books I have read on the topic of risk and probabilistics: The (Mis)behaviour of Markets by Benoit Mandelbrot and The Black Swan by Nassim Taleb.

We tend not to take into account scenarios if they are highly unlikely to happen, we take them out of our calculations. The most important question remains: if it happens, what is the cost of not being prepared?

Such events tend to be more frequent than suggested by traditional mathematics accepted in risk management applied by insurances and traditional financiers as discussed by Madelbrot.

Is getting ready for such an event costly? It might not be.

🔋Batteries for industry represent an interesting paradigm: While some industries understand it as a backup for highly unlikely events; they also function all the time! Optimizing consumption of energy and use of generated energy from solar panels installations.

I can help industry companies acquire the right batteries, to be prepared, to save money on the way and to generate revenue from selling their excess solar energy production at beneficial market prices at night. Industry has a major advantage untapped in energy market arbitrage as prices remain considerably high, and major energy players cannot join the market quickly enough due to administrative bottlenecks, an advantage for fast movers industrial companies. 🌞 +🔋= Revenue

Quick moving companies joining the market can benefit much. And value remains even at the end of their life cycle for recycling or new use cases

Contact me to discuss your energy storage needs!