THE BUSINESS OF
ENERGY CLARKSON UNIVERSITY
Master of Science and Advanced Certificate Programs
Degree and certificate requirements Completion of the MS degree requires five or six Business of Energy courses and four or five School of Business courses for a total of 10 courses. Completion of the BOE616: MS Graduate Project in the Business of Energy is also required. Completion of the advanced certificate program requires four of the following courses, for a total of 12 credits. All students take BOE610: Fundamentals of the Business of Energy and then choose three more Business of Energy courses in their area of interest. Core Business of Energy courses include: BOE610: Fundamentals of the Business of Energy Energy resources, fuels (coal, petroleum, nuclear, natural gas), history and growth of the power industry and its evolvement to present-day configuration. Structure and purpose of regulatory authorities and the balance of available energy to the consumer. Power production, transmission, distribution & utilization, control dispatch and planning. Electric power markets and ancillary services, finance and revenue structures. BOE611: Planning and Operations of Power Systems Principles in the planning of electric power systems. The decision process in regard to generation types, fuels and transmission. Comparisons between traditional vertically integrated utilities and unbundled resource suppliers. Principles of electric power system operation and the impact of deregulation. BOE612: Power Markets Formation of entities to operate power markets. Evolution from regulated pricing to market pricing. Market-based products necessary for
reliable operation of the electric power system. Hedging principles and out-ofmarket products necessary for reliable operation of the system. BOE613: Deregulation & Restructuring The role of regulation and regulatory authorities in the early history of the power industry. Regulatory changes leading to deregulation. Current drivers and changes in deregulation. BOE614: Electric Power Industry Economics and Finance Financial differences between vertically integrated utilities and unbundled suppliers. Supplier economics and finance under regulation and deregulation. Power transmission owners/providers under regulated model and merchant function model. Distribution providers as regulated entities and introduction of retail access. BOE615: Challenges to Upgrading Aging Infrastructure Integration of renewables, maximization of smart grid technology, the incorporation of transmission upgrades and regulatory and policy modification mechanisms.
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Program highlights
A challenging economy, a changing infrastructure and new technology integration, as well as the complexity of identifying and implementing changes to the generation and delivery of electric power, are critical issues that plague today’s leaders. A knowledgeable workforce is key to meeting these challenges.
Offered completely online. Driven by the needs of businesses and the energy industry. Focused on the technical disciplines, applications and career objectives of energy industry leadership. Taught by passionate, knowledgeable and experienced professionals who keep content, references and materials current and pertinent in the rapidly changing energy environment.
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You’ll learn about the workings of the power marketplace, the economics and finance of energy, the challenges of a changing infrastructure, the fuels of the future and more. A blending of contemporary energy issues and related business principles creates a focused learning experience designed to increase your competency in generating ideas, solving problems and managing change and complexity in the challenging energy industry.
Admissions A complete application file consists of the following items: — Online Application which can be accessed at: gradapp.clarkson.edu/apply. — Resume/CV. — Statement of purpose. — Letters of recommendation (two required). — Official transcripts, although unofficial transcripts are acceptable for admissions purposes.
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International students are also required to submit a certificate of finance to receive an I-20 and official scores for one of the following: — TOEFL (score of 80 minimum). — IELTS (score of 6.5 minimum). — Pearson Test of English (PTE) (score of 56 minimum). — Duolingo (score of 61 minimum).
MASTER’S DEGREE:
clarkson.edu/graduate/business-energy-ms ADVANCED CERTIFICATE PROGRAM:
clarkson.edu/graduate/business-energy
FAQs
Why Business of Energy? Because the challenging economy, changing infrastructure, need for a knowledgeable workforce and challenges of integrating new technologies are critical energy issues across the nation. A modern, efficient and environmentally sustainable power system is the lifeblood of a vibrant and growing economy, fueling job creation, innovative economic/market strategies and new technologies. What’s different? We educate participants who wish to attain an understanding of the business of power generation, transmission, distribution and consumption. The program is designed to produce leaders who understand the marketplace and can provide vision and management in the energy industry, as well as direct initiatives in areas such as utilities, products, policies/ regulations, operations and consulting. What if I’m only interested in an overview of the industry and in information that I can apply in my present job? Start with the certificate program. Our initial course, Fundamentals of the Business of Energy, is the perfect lead-in, providing you with an up-to-date survey of the industry. But, I’m not an engineer. The courses are designed for working professionals and recent graduates of all academic backgrounds who seek to advance their careers in professions associated with the energy industry. When should I apply? We operate on a rolling admissions basis, with at least one Business of Energy course scheduled during each of the fall, winter and spring terms.
“We took a leadership position in the initial program development and provided financial support and employee resources for the [Business of Energy] program because we saw the value immediately, for National Grid employees as well as for professionals working at other energy-related businesses and in law, finance and industry regulation.”
RC 8/2019 .5M QMC
— Kenneth Daly, Former President — National Grid New York
Wallace H. Coulter School of Engineering Capital Region Campus 80 Nott Terrace Schenectady, NY 12308 518-361-9880 CRCEngGrad@clarkson.edu
Office of Graduate Admissions 518-631-9831 graduate@clarkson.edu
clarkson.edu/graduate/business-energy-ms clarkson.edu/graduate/business-energy Clarkson University does not discriminate on the basis of race, gender, color, creed, religion, national origin, age, disability, sexual orientation, veteran or marital status in provision of educational opportunity or employment opportunities.