Edward Krapels

Dr. Edward Krapels is the Founder and serves as Principal and Chief Executive Officer at Anbaric Development Partners.He is also an angel investor. Dr. Krapels is Chairman of Atlantic Energy Partners, the initial developer of Neptune. 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. 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, 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. Krapels is also responsible for innovations in the promising Microgrid industry. In 2009, 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, 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, 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, Krapels has provided valuation and due diligence services to many prominent investors in the energy arena. As a risk management advisor, 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. Krapels has been a registered Commodity Trading Advisor (CTA). 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.