In this episode of Lehigh University’s College of Business IlLUminate podcast, we are speaking with Alberto Lamadrid about the recent massive failure of the Texas electrical grid and what lessons we should learn from it.
Dr. Lamadrid holds the Class of '61 professorship in economics and is principal investigator on an interdisciplinary faculty team at Lehigh University's Institute for Cyber Physical Infrastructure and Energy that, last year, was awarded $2.5 million in funding by the Advanced Research Projects Agency - Energy of the U.S. Department of Energy. The funding supports the development of a framework and platform for asset and system risk management that can be incorporated into current electricity system operations to improve economic efficiency.