He contends that achieving 100% renewable energy requires continued development. First, we need to improve how energy is transmitted from its source to the consumer. The prime areas for producing solar and wind energy—the American southwest and Great Plains, respectively—are largely removed from major population areas where the demand is highest. The power grid must be modernized to efficiently deliver power to where it is needed most. Second, battery technology has to keep progressing so the grid will be resilient in the face of variation in output.
Michael firmly believes that it is possible for renewable energy to power the world. He says we are already moving in that direction thanks to the efforts of corporations that buy energy from companies like Invenergy. Not just Google and Amazon, but even traditional utilities have realized that their businesses also depend on adapting to and investing in renewable energy. Turbines and solar offer effective responses, with a simplicity and efficiency that will win out.
Michael describes Invenergy’s competitive advantage as being a fast-paced company of experts. In order to innovate and solve the world’s biggest problems, you must first be an expert. This approach is at the heart of meaningful innovation and enables Invenergy to anticipate the future. This philosophy was the driving force behind Michael’s investment in Energize Ventures, where he saw an opportunity to start a fund that prioritizes looking ahead at our potential future. Relevant applications are emerging already, such as electric cars, cybersecurity and automation of the thinking process.
Michael emphasizes the vital role that MSI can play in addressing energy challenges. Located in a big city with educational institutions and access to capital, entrepreneurs, a built environment and transportation system, MSI is well-positioned to respond to high public interest in the problems of energy. "And what MSI does should be big,” Michael said. “Not off to the side."