Edward N. Krapels is a leader in the rising industry of non-utility electric transmission and microgrid development. He is the founder and director of Anbaric, a company behind $1.5 billion in independent transmission projects built to bring lower cost power into dense urban areas, including Manhattan. In a signature deal, the California Public Employees’ Retirement System acquired a majority stake in the $660 million Neptune Regional Transmission System, a line between New Jersey and Long Island that his team developed and Mr. Krapels still owns in part. His latest transmission projects focus on bringing renewable energy into cities. A former financial advisor and risk management consultant, Mr. Krapels has published several books and hundreds of articles in energy industry journals. He was a member of Department of Energy Secretary Steven Chu’s Electricity Advisory Committee from 2012 to 2012.
Mr. Krapels is the Founder of Anbaric Holding, LLC. In the transmission sphere, Mr. Krapels has been a founding partner in developing several iconic electric transmission projects, including the Neptune Regional Transmission System (www.NeptuneRTS.com), a $660+ million independent HVDC transmission project between the PJM market and Long Island, the Hudson Project (www.HudsonProject.com), an $800+ million project between New Jersey and downtown Manhattan , and several major new projects designed to bring renewable power into urban markets (www.AnbaricTransmission.com). In 2012, Mr. Krapels founded GOTIC (the German Offshore Transmission Investment Corp., GmbH) in order to provide investors an opportunity to participate in the burgeoning German offshore renewables initiatives.
Mr. Krapels is also responsible for innovations in the promising Microgrid industry. In 2009, Mr. Krapels co-founded Viridity Energy (www.ViridityEnergy.com), one of the leading new companies dedicated to optimizing demand-side management programs and developing the control software for Microgrids. Anbaric has initiated a microgrid project development company (www.AnbaricMicrogrid.com) and is actively pursuing the development of the first generation of independent microgrids.
As a consultant, he founded Energy Security Analysis, Inc. (www.ESAI.com) in 1985. As a financial advisor, he has provided valuation and due diligence services to many prominent investors in the energy arena. As a risk management advisor, Mr. Krapels has assisted major utilities, end users, and government agencies. He developed a series of Guides to energy hedging strategies for Risk which have been used by hundreds of companies around the world. He remains one of the authorities on the appropriate uses of hedging tools and on the distinctions between hedging and speculating in energy markets. Mr. Krapels has been a registered Commodity Trading Advisor (CTA).
Mr. Krapels has written several books, dozens of monographs, and scores of articles ranging from the international oil and gas to U.S. electricity markets.
He received his Ph.D. at the Johns Hopkins University, his M.A. at the University of Chicago, and his B.A., at the University of North Carolina, Chapel Hill. A native of the Netherlands, he is now a U.S. citizen and makes his home with his wife, Sarah Emerson, and their two sons in Andover, Massachusetts.