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In this episode of Know Power, hosts Mike and Noha sit down with John Berger, CEO and founder of Sunnova. They delve into John's extensive career in the power industry, exploring the evolution of Sunnova from its inception to its current state, boasting over 400,000 customers. John shares his insights on the heavily regulated U.S. power industry, the need for consumer choice, and the transformative potential of solar, battery storage, and software technologies. The conversation also touches on the challenges and opportunities in the current energy landscape, highlighting the importance of innovation and regulatory reform for a sustainable energy future.
Guest bio: Mr. Berger founded Sunnova in 2012 and has since then served as Chief Executive Officer, President and Chairman of the Board. With more than two decades of experience in the electric power industry, Mr. Berger is an energy entrepreneur who has always supported free market competition, consumer choice and the advancement of energy technology to power energy independence. Before Sunnova, Mr. Berger served as Founder and Chief Executive Officer at SunCap Financial, a residential solar service provider. He also founded Standard Renewable Energy, a provider and installer of renewable energy and energy-efficient products and services. Mr. Berger received his Masters of Business Administration from Harvard Business School and graduated cum laude from Texas A&M University with a Bachelor of Science degree in civil engineering.
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[00:00:19] John's background and career evolution
[00:01:15] Transition to solar and energy storage focus
[00:02:04] Experience at FERC and insights on regulation
[00:03:00] Discussion on government regulation in the power industry
[00:04:48] Impact of deregulation and consumer choice
[00:06:27] Sunnova's energy-as-a-service model
[00:07:41] Trends in power demand and technology
[00:09:01] Implications of AI and data centers on power demand
[00:09:59] Challenges faced by utilities and ISOs
[00:10:28] Consumer benefits of Sunnova's services
[00:12:19] Flexibility and pricing in Texas
[00:13:40] Regulatory complexities in Texas
[00:14:06] Cost implications of regulation on solar
[00:14:54] Policy and market conditions in California
[00:16:07] Consumer choice and capitalism in energy
[00:17:31] Reliability and investment issues in Texas
[00:18:33] Sunnova's approach to aggregation and reliability
[00:19:42] Puerto Rico as a model for innovation
[00:20:25] Future vision of the power industry
[00:22:15] Aging infrastructure and investment needs
[00:23:11] Wholesale power prices and market signals
[00:24:34] Customer value proposition and market adaptation
[00:26:13] The future of energy and Sunnova's role
[00:27:14] Technological advancements and market trends
[00:29:16] Regulatory overhaul and consumer empowerment
[00:30:42] Grassroots movement and consumer demand
[00:32:31] Predictions for the energy industry by 2050
[00:35:22] Comparing U.S. energy models to other countries
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