Principal, Engineering Management Consulting
Richard Fioravanti, MBA
Principal, Engineering Management Consulting
Mr. Fioravanti has over 20 years of experience working with emerging technologies in both commercial and consulting roles. Currently, his efforts focus on advanced electricity storage technologies, distributed energy resources (DER), microgrids, and renewable technologies. He assists clients in developing strategic business and deployment plans for advanced systems, technology assessments, project development efforts, and financial modeling of applications. In the area of storage technologies, Mr. Fioravanti has worked with major storage manufacturers across the spectrum of technology types and applications. He has authored several papers on advanced storage technologies and has been cited frequently as a leader in his field.
As the electricity grid modernizes, Mr. Fioravanti has focused his support into three main segment areas of Strategy & Financial Modeling, Technology & Market Assessments, and Deployment & Testing Support. Prior to his focus on storage and DER, he conducted numerous assessments for utilities on advanced metering infrastructure (AMI). This history of continually supporting AMI and Distributed Energy Resources initiatives allows Mr. Fioravanti to combine his technical and managerial expertise to assist utilities in their grid modernization efforts. Prior to working in the advanced energy technology area, he worked extensively in the aerospace industry where supported the introduction and flight testing of new military and commercial aircraft in the U.S., Southeast Asia, and China.
During his 15 years of consulting, his clients have focused on multinational corporations, emerging storage and DER companies, advanced metering companies, California and New York State Agencies, the Department of Energy and National Labs such as PNNL and Sandia, and finally, utilities that have been pursuing storage strategies, grid modernization, and Utility of the Future initiatives.
Academic Credentials & Professional Honors
MBA, Finance and Marketing University of Southern California, 1992
B.S., Electrical Engineering, University of Southern California, 1986
Key Project References for Advanced Energy Storage
In the area of storage, Mr. Fioravanti led the team that evaluated the cost effectiveness of Energy Storage in support of California’s Energy Storage Ruling. As a founding Board Member of New York BEST (Battery and Energy Storage Consortium), he helped create the joint venture to build the NY-BEST Commercialization and Test Center in Rochester, NY. For storage manufacturers, he has helped support investment assessments of technologies, conducted market assessments and helped identify application areas for specific technologies. Finally, he has assisted utilities in adopting storage and integrating the technology into grid modernization plans.
Key Project References for Grid Modernization
Xcel Energy – Assessment of AMI and Distribution Generation Management Best Practices: 2016
For Excel Energy, conducted a summary of best practices for Xcel’s Energy’s Colorado Grid Modernization plan. Responsibilities included examining each of the utilities that have recently filed modernization plans to installed AMI, Field Area Networks, and ADMS / Distributed Energy Resource Management Systems, and identify best practices to compare against Xcel’s initiative. Plans of ComEd, SCE, ConED, and Hawaii were among initiatives examined.
Duke Energy AMI Evaluation: 2008
Assisted Duke Energy with evaluation of use cases for their AMI initiative that was conducted as a precursor to the benefits to cost assessment for the utility. Assisted the utility with examination of distributed energy resource, electric vehicles, and storage technology evaluations.
Nashville Electric AMI Evaluation: 2007-2008
Assisted in the evaluation of Nashville Electric’s benefits to cost assessment for adopting AMI meters. Responsibilities included visiting various department at the utilities to assess whether applications provided by AMI meters would result in benefits for the utility and quantifying benefits for applications.
CenterPoint Energy AMI & Distribution Generation Dashboard Assessment: 2007-2008
Assisted CenterPoint Energy in examining “Dashboard” services that could be provided by the utility. Responsibilities included examining the potential for distributed generation in CenterPoint territory, data that could be provided from advanced metering, and then examining companies that could provide Dashboard services of presenting key data and performance parameters on building operations.
Navy Advanced Metering Program: 2006-2007
Conducted and iterative approach to assisting the U.S. Navy with their AMI evaluation, assessment, and modeling of the potential benefits. Responsibilities included conducting an assessment of the state of the industry for AMI meters and comparing with AMR systems, traveling to Navy Bases across globe (Japan, Hawaii, U.S., Guam) to conduct site audits to evaluate the potential benefits, and creating a series for benefits to cost assessments for each of the bases to examine the potential of adopting AMI meters.
Southern California Edison AMI Evaluation: 2005-2006
Assisted Southern California Edison with assessments of advanced metering infrastructure business case assessment. Responsibilities included creating use case for specific functionalities of the business cases, conducting evaluations of meter manufacturers and communication providers, and interviewing various departments within Southern California Edison to assess benefits that could be provided by AMI.
Professional Affiliations
Founding Board Member, NY-BEST (www.ny-best.org) – 5 years
Member, Electricity Storage Association
Languages
2nd Language – Chinese, business fluency
Publications
Fioravanti R. Storage grows up. Public Utilities Fortnightly, September 2015.
Fioravanti R. Energy storage: Out of the Lab and onto the Grid. Public Utilities Fortnightly, April, 2015.
Fioravanti R, Abi-Samra N. Working at the Edge of the Grid: How to find value in distributed energy resources. Public Utilities Fortnightly, Fortnightly Magazine, May 2014
Fioravanti R, Nourai A. Community energy storage for reliability. EEWEB Magazine, April 2013.
Fioravanti R, Masiello R. Valuing Distributed Storage. Public Utilities Fortnightly, September 2013.
Fioravanti R, Khoi Vu, Stadlin W. Large scale solutions: Storage, renewables, and wholesale markets. IEEE Power & Energy Magazine, 2010.
Fioravanti R. Energy storage for system regulation, why its becoming important. Electric Light & Power, 2009.
Fioravanti R., Makofske. Energy storage: Making it work with generation applications. Smart Grid News, August 2010.
Prior Experience
Vice President, Commercial Energy Advisory, ICF Consulting International, 2015–2016
Head of Section, Storage & Distributed Energy Resources, DNV GL Energy, 2005–2015
Business Development/PM/Contractor, ICF Consulting, 2001–2005
General Manager, Allegheny Energy Solutions; 2000–2001
Director, Project Development, AES New Energy; Los Angeles, CA, 1998–2000
Project Development, Hamilton Standard Division, United Technologies, 1986–1997
Richard Fioravanti, MBA
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