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Seyi Fabode

Seyi Fabode, was the chief electricity officer and co-founder of Power2Switch, an innovative website that educates consumers about retail electricity and enables residential and commercial electricity customers to comparison shop for electricity providers and save money on their electric bills.

Seyi is currently consulting with the Clean Energy Trust (a non-profit whose mission is to further the growth of the clean energy technologies and businesses in the State of Illinois and the broader Midwest) mentoring 16 Clean Energy Challenge Companies

Seyi has an MBA from the Booth School of Business and an M.Sc. (Manufacturing Systems Engineering) from the University of Warwick. He founded Power2Switch out of the New Venture Challenge, (NVC) one of the nation's premier business competitions, at Chicago Booth in 2008.

Prior to his MBA, Seyi was an Operations Analyst at EnergyQuote, an energy brokerage and management firm in London, where he led systems rollouts for the company's foray into multiple European markets with direct reporting responsibility to senior management. Prior to his stint at EnergyQuote, he was a Commercial Analyst at Barking Power Station/Thames Power Services, a privately owned power plant in London. It was his experiences at these two businesses that laid the foundation for what would soon become his entrepreneurial passion -- Power2Switch.

Entries by Seyi Fabode

Clean Jobs Illinois: An In-depth Look at Clean Energy Employment in Illinois

(0) Comments | Posted March 20, 2014 | 12:23 AM

Six years ago, I moved to Illinois with my wife to pursue an MBA at the University of Chicago. While still a student, I co-founded a business that helped make it easy for Illinois residents to shop for their electricity and choose energy plan options that were best for them,...

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The Promise of Bitcoin and The Fallacy of 'Coin'

(2) Comments | Posted November 26, 2013 | 4:42 PM

One cool Chicago evening in the fall of 2010 I was grabbing drinks with four friends. The El was right above us and would intermittently interrupt our conversation. One of the chaps, slightly drunk, suggested we pool resources to buy servers and 'mine' some Bitcoins. In my sober state (I...

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5 Businesses You Can (and Probably Should) Start Now

(13) Comments | Posted August 4, 2013 | 7:30 PM

We are moving towards a society where the ability to build a big business from the comfort of your home or small office will only be limited by how willing you are to take a leap and give it a go. Granted, life circumstances or risk tolerance might make starting...

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The $100 Billion Market You Didn't Know Exists

(6) Comments | Posted March 29, 2013 | 11:09 AM

Energy gets a lot of mention but only as it relates to fuel to power our cars and how the price always seems to be going up. Electricity and gas for our homes also get some mention but only when the lights go out. What is not shared, which I...

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'Who' Your Business Is Now Matters More Than What You Sell

(2) Comments | Posted March 19, 2013 | 11:45 AM

The core reason of every business is to provide a product or service in exchange for some value/money. The measure of that 'value' depends on what your business and the recipient of your service/product have decided is a fair price. Whether you sell shoes, fish, consulting services or diapers you...

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Facebook Marketing When Your Product (Like Electricity) Is Not Inherently Viral

(1) Comments | Posted February 27, 2013 | 12:05 PM

Like every business big or small, Facebook is one of the channels we use to get the word out about our services that help consumers make responsible decisions about their energy (particularly electricity expenses). Last year Facebook IPOd and there was a lot of noise about...

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Why Smart Meters Will Never Gain Mass Use

(12) Comments | Posted January 28, 2013 | 6:43 PM

Utilities, smart meter manufacturing companies and the government all tout the need for implementation of smart meters and smart metering equipment. Unfortunately these initiatives are bound to fail for two reasons. I share the reasons below and also propose a way for the stakeholders in the future of the energy...

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Jiro, Sushi and 6 Life Lessons

(0) Comments | Posted January 7, 2013 | 12:23 PM

Over the holiday period I decided to do what everyone aims to do over holidays: eat lots of food/get some exercise, connect with family and friends, read some books and watch a movie or two. The documentary I watched was Jiro Dreams of Sushi and the book was Infinite Jest...

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3 Predictions for 2013... and How to Predict the Future

(5) Comments | Posted December 4, 2012 | 4:17 PM

Predicting what will happen in 2013 (and beyond) is actually quite easy. Our needs as human beings have not changed much over a few thousand years and they will not change. We just find new ways, tools and products to help us meet those needs. An understanding of those needs...

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Rethinking Our Thinking About Veterans and Jobs

(9) Comments | Posted November 21, 2012 | 4:19 PM

It is pretty simple: people who are fulfilling their purpose in life tend to feel better about their lives. We believe jobs provide us that empowerment. This is true sometimes. But the world is moving away from the types of jobs that are being touted as what will save the...

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What Superstorm Sandy Means to the Electricity Industry, Outdated Electricity Grid and Job Gap

(3) Comments | Posted November 6, 2012 | 6:32 PM

Some concerns around the impact of Sandy center on the impact of the storms on the electricity grid. And rightly so; the impact of a storm like Sandy will take a lot of money and time to recover from. About 8.2 million customers were without electricity and that will negatively...

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