Edward N. Krapels is a leader in the rising industry of non-utility electric transmission and distribution development. He is the CEO of Anbaric, a company behind $5 billion in independent transmission and microgrid projects built to bring lower cost power into dense urban areas, including Manhattan. In 2017, Anbaric formed a joint venture with the Ontario Teachers’ Pension Plan (OTPP), creating Anbaric Development Partners, to develop innovative electric transmission and microgrid projects in North America.
Mr. Krapels is a former financial advisor and risk management consultant. He has published several books and scores of articles in energy industry journals. He was a member of Department of Energy Secretary Steven Chu’s Electricity Advisory Committee from 2010 to 2012.
In the transmission sphere, Mr. Krapels has been a founding partner in developing several iconic electric transmission projects, including the Neptune Regional Transmission System, the Hudson Project, and several major new projects designed to bring renewable power into urban markets. Mr. Krapels is also responsible for innovations in the promising Microgrid industry. In 2009, Mr. Krapels co-founded Viridity Energy, a company dedicated to optimizing demand-side management programs and developing the control software for Microgrids. Anbaric has initiated a microgrid project development company (AnbaricMicrogrid.com) and is actively pursuing the development of the first generation of independent microgrids
In New England, Mr. Krapels and Anbaric are developing the Vermont Green Line and the Maine Green Line transmission projects, in a development and investment partnership with National Grid. In New York, Mr. Krapels and Anbaric are developing both electric transmission lines (the Clean Energy Link) and large microgrids in a development and investment partnership with Exelon.
As a consultant and financial advisor, Mr. Krapels has provided valuation and due diligence services to many prominent investors in the energy arena. As a risk management advisor, Mr. Krapels has assisted major utilities, end users, and government agencies. He developed a series of guides to energy hedging strategies for Risk which have been used by hundreds of companies around the world. He remains one of the authorities on the appropriate uses of hedging tools and on the distinctions between hedging and speculating in energy markets. Mr. Krapels has been a registered Commodity Trading Advisor (CTA).
Mr. Krapels has written several books, dozens of monographs, and scores of articles ranging from the international oil and gas to U.S. electricity markets. He serves on various boards, including the Board of the Alpha Project, the Visiting Committee of the Social Sciences Division of the University of Chicago, and the External Advisory Committee of the Channing Division of Network Medicine of Brigham & Women’s Hospital and Harvard University Medical School.
Books, major manuscripts
2007: “Financial Energy Markets and the Bubble in Energy Prices: Does the Increase in Energy Trading by Index and Hedge Funds Affect Energy Prices?” Testimony and Prepared Statement before the Permanent Subcommittee on Investigations of the Committee on Homeland Security and Governmental Affairs and the Subcommittee on Energy of the Committee on Energy and Natural Resources, United States Senate, December 11, 2007, published by the U.S. Government Printing Office as Speculation in the Crude Oil Market.
1999: Natural Gas Hedging: Benchmarking Price Protection Strategies, with Chris Ellsworth, (London, Risk Publications).
1998: Crude Oil Hedging: Benchmarking Price Protection Strategies, with Michael Pratt, (London, Risk Publications).
1996: Paper Oil: The State of the Markets and Uses of Their Instruments. (Washington, D.C.: ESAI).
1995: A Year on the (H)Edge (Washington, D.C.: Hobijn-French Publishing Co.).
1990: The Commanding Heights: Control over International Oil in the 1990s (Japanese language version published by the Sanseido Press in 1990).
1987: Storage in the International Oil Market (London: Economist Intelligence Unit, Special Report No. 1117), with Sarah A. Emerson.
1986: Impact of Developing Countries on the World Oil Market, Petroleum Intelligence Weekly Special Report.
1985: Fuel for the Engine of Growth: Oil Pricing in Developing Countries, Report prepared for the Agency for International Development.
1983: Crude Oil Access (editor), Report prepared for the Harvard University Energy and Security Project.
International Oil Supplies and Stockpiling (editor), Economist Intelligence Unit.
1982: Pricing Petroleum Products: Strategies of Eleven Industrial Nations, McGraw-Hill Publications Company.
1980: Oil Crisis Management: Strategic Stockpiling for International Security, The Johns Hopkins University Press.
1977: Oil and Security: Problems and Prospects of Importing Countries, International Institute for Strategic Studies, Adelphi Paper # 136.
1977: Controlling Oil: British Oil Policy and the British National Oil Corporation, Committee on Energy and Natural Resources, U.S. Government Printing Office.
Bachelor of Arts, International Affairs: University of North Carolina, Chapel Hill, 1970.
Master of Arts, International Affairs: University of Chicago, 1974.
Ph.D, International Affairs: Johns Hopkins University School of Advanced International Studies, 1991.