Profitability and Sustainability in the Energy Industry

Pathways to sustainable growth in energy

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Course Dates

STARTS ON

July 25, 2024

Course Duration

DURATION

6 weeks, online
4–6 hours per week

Course Fee
Course Fee

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BALANCE SUSTAINABILITY WITH GROWTH

Sustainable growth in energy requires long-term strategies that continue to add economic value while also ensuring that our future is viable. As there are multiple pathways to sustainable growth, it is important that you identify and analyze value creation opportunities that are a good fit for your organization.

The Profitability and Sustainability in the Energy Industry program from Texas Executive Education at the McCombs School of Business is designed by expert faculty with extensive experience in the energy sector. Through a combination of live learning sessions, case studies, engagement with peers, and a final capstone project, the six-week curriculum empowers energy professionals to cultivate strategies that focus on sustainable value creation with an eye toward regulatory, financial, and environmental factors.

WHAT YOU WILL LEARN

The Profitability and Sustainability in the Energy Industry program will provide you with the tools and frameworks to:

Deepen your knowledge of the trends and topics that are defining the future of the energy sector, including energy system economics; policy, consumption, and pricing trends; energy conversion efficiency; Sustainable Development Goals (SDGs); and guiding principles of sustainability.

Identify and analyze sustainable value creation opportunities within the energy industry, taking into account risk management and the role of environmental, social, and corporate governance (ESG) in valuation.

Drive strategy that integrates sustainability considerations throughout the entire energy business cycle, including environmental, financial, and technology implications.

Develop your role in an energy ecosystem that is both profitable and sustainable, benefiting stakeholders that include public and private sectors, investors, and the society at large.

Gürcan Gülen

"The energy sector is among the most dynamic and complex landscapes on earth. We must understand the balance between government incentives and market price signals and use them as tools of risk mitigation."

— Gürcan Gülen, PhD, Adjunct Faculty, Texas Executive Education, UT Austin

PARTICIPANT PROFILE

The Profitability and Sustainability in the Energy Industry program is ideal for professionals in the energy industry, including:

  • Energy executives who envision a different future, where both sustainability and growth co-author the strategic plan of an organization or system
  • Grid operators who strive toward maximum energy system efficiencies during daily operations and optimal financing methods for ESG-related investments
  • Energy managers who are in positions to influence policy and the regulatory environment, supporting or granting the social license to operate

CURRICULUM

This six-week program enables participants to identify, analyze, and implement sustainable value creation strategies in the unpredictable energy sector. The curriculum, organized into weekly modules, offers flexibility in accessing study materials. Weekly activities encompass faculty sessions, assignments, and case studies, giving participants a grounding in corporate valuation, risk assessment and management, ESG disclosures, and financing.

Module 1:

Energy System Economics

Delve into the economics of energy systems, from the physical realities of the grid to how it is managed and operated. You will discuss the factors that affect the efficiency of energy systems as well as those that determine the stability and control of a power grid. This module will also help you assess the impact of potential policies, such as a carbon tax, on the cost of electricity generation.

Module 2:

Energy Return on Energy Invested (ERoEI)

Explore the principles of ERoEI—the ratio used to describe and measure the energy produced versus the energy used to create it. You will also provide recommendations to improve a region’s ERoEI based on your analysis.

Module 3:

Corporate Sustainability

Examine organizations that incorporate ESG into their long-term strategy, highlighting the relationship between people, the planet, and profits. You will also develop recommendations for energy sector organizations to meet investor demands for sustainability disclosures as well as how to set and achieve net zero goals.

Module 4:

Art and Science of Valuing Energy Organizations

After defining value and value creation across energy value chains, you will investigate the pros and cons of numerous valuation metrics as they apply to energy organizations. You will also determine the factors that can sustain, enhance, or undermine an organization's current valuation over time.

Module 5:

Managing Risks and Capitalizing on Opportunities

Discuss the various risks and mitigation options for different energy segments across diverse geographies to contextualize an organization's valuation. You will also assess the risks to energy projects and organizations posed by legal, policy, regulatory, and social forces.

Module 6:

Financing Energy Projects

You will assess energy investment needs around the world and then delve into project finance, evaluating its fit for different energy projects. Additionally, the module will help you identify the key elements to ensure a balance between financial returns and ESG requirements.

Module 1:

Energy System Economics

Delve into the economics of energy systems, from the physical realities of the grid to how it is managed and operated. You will discuss the factors that affect the efficiency of energy systems as well as those that determine the stability and control of a power grid. This module will also help you assess the impact of potential policies, such as a carbon tax, on the cost of electricity generation.

Module 4:

Art and Science of Valuing Energy Organizations

After defining value and value creation across energy value chains, you will investigate the pros and cons of numerous valuation metrics as they apply to energy organizations. You will also determine the factors that can sustain, enhance, or undermine an organization's current valuation over time.

Module 2:

Energy Return on Energy Invested (ERoEI)

Explore the principles of ERoEI—the ratio used to describe and measure the energy produced versus the energy used to create it. You will also provide recommendations to improve a region’s ERoEI based on your analysis.

Module 5:

Managing Risks and Capitalizing on Opportunities

Discuss the various risks and mitigation options for different energy segments across diverse geographies to contextualize an organization's valuation. You will also assess the risks to energy projects and organizations posed by legal, policy, regulatory, and social forces.

Module 3:

Corporate Sustainability

Examine organizations that incorporate ESG into their long-term strategy, highlighting the relationship between people, the planet, and profits. You will also develop recommendations for energy sector organizations to meet investor demands for sustainability disclosures as well as how to set and achieve net zero goals.

Module 6:

Financing Energy Projects

You will assess energy investment needs around the world and then delve into project finance, evaluating its fit for different energy projects. Additionally, the module will help you identify the key elements to ensure a balance between financial returns and ESG requirements.

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CAPSTONE PROJECT

Apply the knowledge you have gained throughout the program to a real-world scenario, demonstrating the ability to identify and analyze sustainable value creation opportunities within the energy industry. The focus of this project is evaluating the geopolitical factors associated with different locations and determining which one is more attractive for investment. You will identify the technical, commercial, and non-technical risks associated with each technology and geography to make informed decisions in a rapidly evolving business environment.

REAL-WORLD EXAMPLES

British Petroleum (BP)
Investigate the value of BP relative to its upstream-market peers to make comparisons using valuation metrics.

First Solar (FSLR)
Examine the financial performance of organizations such as FSLR that are heavily invested in clean technology, primarily wind and solar.

NESTE
Compare the financial performance of a mix of downstream organizations, one of which is NESTE, an oil refining and marketing organization located in Espoo, Finland.

Occidental Petroleum Corporation (OXY)
Conduct a comparables analysis to assess the valuation of OXY, an organization engaged in hydrocarbon exploration in the United States and the Middle East and in petrochemical manufacturing in the United States, Canada, and Chile.

PT Paiton Energy
A coal-fired power plant in Indonesia, PT Paiton Energy, is an example of successful restructuring and renegotiation of power purchase agreements (PPAs) and financing. This case study explores how various parties—including the plant's sponsors, government entities, and international financial institutions—collaborated to reach a more sustainable and mutually beneficial agreement.

Dabhol Power Station
The Dabhol gas-fired power plant in India’s Maharashtra state is an often-cited example of a project that failed as a result of interrelated social, political, and market risks. Analyze the key risks that impacted this project and offer ideas on risk mitigation steps that could have helped.

KEY PROGRAM FEATURES

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Expert Faculty

Gain in-depth insights from world-renowned faculty and expert practitioners with practical industry experience.

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Live Sessions

Join a live session with the faculty director as well as live weekly office hours with program leaders to deepen your understanding and answer your questions.

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Application Exercises

Apply the learnings on topics ranging from the impact of incentives to ESG disclosure and related best practices.

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Peer Learning

Interact with like-minded energy executives from across the world and share insights with each other.

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Real-World Examples

Drawing on the broad expertise of faculty, proprietary frameworks and use cases from across the entire energy ecosystem serve to make the learnings holistic.

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Capstone Project

Apply your insights to a project where you will identify and analyze sustainable value creation opportunities within the energy industry.

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Certificate of Completion

Demonstrate your commitment to forward-thinking leadership with a Certificate of Completion from The University of Texas at Austin, McCombs School of Business.

MEET THE FACULTY

Profile picture of professor Fred Beach

Fred Beach

Assistant Director, Energy & Technology Policy at the Energy Institute

Dr. Fred Beach is responsible for conducting research and supervising studies related to the development of energy, environmental, and technology policy. He also teaches Energy Technology Policy and International Energy Policy at the Cockrell School of Engineering, the LBJ School of Public Affairs, and the McCombs School of Business. Since retiring from the US Navy in 2003, he has served as a consultant on defense-related topics for the US Chief of Naval Operations Strategic Studies Group, MITRE, the Naval Research Advisory Committee, and the Defense Science Board.

Faculty Member Gürcan Gülen, Ph.D.

Gürcan Gülen, PhD

Adjunct Faculty, Texas Executive Education, UT Austin

Gürcan Gülen, PhD, is an energy economist and an industry thought leader with 25 years of international experience. His work focuses on policy and market research on oil, natural gas, and electric power value chains as well as associated strategic technical assistance and customized capacity building in numerous countries. He currently participates in research at the Bureau of Economic Geology (UT Austin), where he has worked since 2005, teaches in TEE programs, and consults. He has been involved in developing and instructing professional and university courses on energy value chain economics and business since the early 2000s.

Profile picture of professor Jeffrey Hales

Jeffrey Hales

The Bake Chair in Global Sustainability Leadership; The Charles T. Zlatkovich Centennial Professor of Accounting; and the Executive Director of the Global Sustainability Leadership Institute

Jeffrey Hales' research focuses on setting standards in accounting and regulation, individual decision making, and behavioral finance, using techniques from applied game theory, experimental economics, and psychology. His research has appeared in The Accounting Review, the Journal of Accounting Research, the Journal of Accounting and Economics, and the Journal of Financial Economics, among others.

CERTIFICATE

Certificate

CERTIFICATE

Upon successful completion of the program, participants will be awarded a certificate from The University of Texas at Austin, McCombs School of Business.

After successful completion of this program, your digital certificate will be emailed to you in the name you used when registering for the program. All certificate images are for illustrative purposes only and may be subject to change at the discretion of The University of Texas at Austin.

Note: This program does not grant academic credit or a degree from the McCombs School of Business.

FAQs

  • How do I know if this program is right for me?
    After reviewing the information on the program landing page, we recommend you submit the short form above to gain access to the program brochure, which includes more in-depth information. If you still have questions on whether this program is a good fit for you, please email learner.success@emeritus.org, and a dedicated program advisor will follow-up with you very shortly.



    Are there any prerequisites for this program?
    Some programs do have prerequisites, particularly the more technical ones. This information will be noted on the program landing page, as well as in the program brochure. If you are uncertain about program prerequisites and your capabilities, please email us at the ID mentioned above.
    Note that, unless otherwise stated on the program web page, all programs are taught in English and proficiency in English is required.

    What is the typical class profile?
    More than 50 percent of our participants are from outside the United States. Class profiles vary from one cohort to the next, but, generally, our online certificates draw a highly diverse audience in terms of professional experience, industry, and geography — leading to a very rich peer learning and networking experience.



    What other dates will this program be offered in the future?
    Check back to this program web page or email us to inquire if future program dates or the timeline for future offerings have been confirmed yet.



  • How much time is required each week?
    Each program includes an estimated learner effort per week. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page.



    How will my time be spent?
    We have designed this program to fit into your current working life as efficiently as possible. Time will be spent among a variety of activities including:

    • Engaging with recorded video lectures from faculty
    • Attending webinars and office hours, as per the specific program schedule
    • Reading or engaging with examples of core topics
    • Completing knowledge checks/quizzes and required activities
    • Engaging in moderated discussion groups with your peers
    • Completing your final project, if required

    The program is designed to be highly interactive while also allowing time for self-reflection and to demonstrate an understanding of the core topics through various active learning exercises. Please email us if you need further clarification on program activities.



    What is it like to learn online with the learning collaborator, Emeritus?
    More than 300,000 learners across 200 countries have chosen to advance their skills with Emeritus and its educational learning partners. In fact, 90 percent of the respondents of a recent survey across all our programs said that their learning outcomes were met or exceeded.

    All the contents of the course would be made available to students at the commencement of the course. However, to ensure the program delivers the desired learning outcomes the students may appoint Emeritus to manage the delivery of the program in a cohort-based manner the cost of which is already included in the overall course fee of the course.

    A dedicated program support team is available 24/5 (Monday to Friday) to answer questions about the learning platform, technical issues, or anything else that may affect your learning experience.



    How do I interact with other program participants?
    Peer learning adds substantially to the overall learning experience and is an important part of the program. You can connect and communicate with other participants through our learning platform.



  • What are the requirements to earn the certificate?
    Each program includes an estimated learner effort per week, so you can gauge what will be required before you enroll. This is referenced at the top of the program landing page under the Duration section, as well as in the program brochure, which you can obtain by submitting the short form at the top of this web page. All programs are designed to fit into your working life.

    This program is scored as a pass or no-pass; participants must complete the required activities to pass and obtain the certificate of completion. Some programs include a final project submission or other assignments to obtain passing status. This information will be noted in the program brochure. Please email us if you need further clarification on any specific program requirements.

    What type of certificate will I receive?
    Upon successful completion of the program, you will receive a smart digital certificate. The smart digital certificate can be shared with friends, family, schools, or potential employers. You can use it on your cover letter, resume, and/or display it on your LinkedIn profile.
    The digital certificate will be sent approximately two weeks after the program, once grading is complete.

    Can I get the hard copy of the certificate?
    No, only verified digital certificates will be issued upon successful completion. This allows you to share your credentials on social platforms such as LinkedIn, Facebook, and Twitter.

    Do I receive alumni status after completing this program?
    No, there is no alumni status granted for this program. In some cases, there are credits that count toward a higher level of certification. This information will be clearly noted in the program brochure.

    How long will I have access to the learning materials?
    You will have access to the online learning platform and all the videos and program materials for 12 months following the program start date. Access to the learning platform is restricted to registered participants per the terms of agreement.



  • What equipment or technical requirements are there for this program?
    Participants will need the latest version of their preferred browser to access the learning platform. In addition, Microsoft Office and a PDF viewer are required to access documents, spreadsheets, presentations, PDF files, and transcripts.

    Do I need to be online to access the program content?
    Yes, the learning platform is accessed via the internet, and video content is not available for download. However, you can download files of video transcripts, assignment templates, readings, etc. For maximum flexibility, you can access program content from a desktop, laptop, tablet, or mobile device.

    Video lectures must be streamed via the internet, and any livestream webinars and office hours will require an internet connection. However, these sessions are always recorded, so you may view them later.



  • Can I still register if the registration deadline has passed?
    Yes, you can register up until seven days past the published start date of the program without missing any of the core program material or learnings.

    What is the program fee, and what forms of payment do you accept?
    The program fee is noted at the top of this program web page and usually referenced in the program brochure as well.

      • Flexible payment options are available (see details below as well as at the top of this program web page next to FEE).
      • Program discount is available for participants who qualify. Please email learner.success@emeritus.org.

    What if I don’t have a credit card? Is there another method of payment accepted?
    Yes, you can do the bank remittance in the program currency via wire transfer or debit card. Please contact your program advisor, or email us for details.

    I was not able to use the discount code provided. Can you help?
    Yes! Please email us with the details of the program you are interested in, and we will assist you.

    How can I obtain an invoice for payment?
    Please email us your invoicing requirements and the specific program you’re interested in enrolling in.

    Is there an option to make flexible payments for this program?
    Yes, the flexible payment option allows a participant to pay the program fee in installments. This option is made available on the payment page and should be selected before submitting the payment.

    How can I obtain a W9 form?
    Please connect with us via email for assistance.

    Who will be collecting the payment for the program?
    Emeritus collects all program payments, provides learner enrollment and program support, and manages learning platform services.


  • What is the program refund and deferral policy?
    For the program refund and deferral policy, please click the link here.



Didn’t find what you were looking for? Write to us at learner.success@emeritus.org or Schedule a call with one of our Academic Advisors or call us at +1 361 344 4980 (US) / +44 13 8443 7887 (UK)

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