February 16, 2012
3TIER®, a global leader in renewable energy risk analysis, today announced that Matthew Hendrickson has joined the company as its senior director of energy assessment.
Mr. Hendrickson has managed world-class renewable energy assessment programs since 2003 and is widely considered a top thought leader in the field. Prior to joining 3TIER, he was director of energy assessment at EDP Renewables, where he managed the energy assessment program that led to financing and development of more than 3,900MW of operating wind capacity and a development pipeline of over 20,000MW. He has extensive experience in meteorological program management, resource assessments, project micro-siting, prospecting, power performance testing, validation research, operational assessments and performance reconciliation.
“Matt is one of the most highly regarded experts in the industry, and he brings a wealth of practical experience that our clients will benefit from immediately,” said Dr. Pascal Storck, 3TIER’s chief operating officer. “He has a passion for the systematic reduction of uncertainty, which aligns perfectly with 3TIER’s commitment to helping our clients reduce and manage risk.”
While at EDP Renewables, Mr. Hendrickson worked closely with 3TIER as a client. He was a driving force behind the development of 3TIER’s Portfolio Climate Variability Analysis, an automated service that statistically corrects long-term weather model data to on-going observational network data. He also conducted an extensive validation study of 3TIER weather model-derived data and proprietary correction process, called model output statistics (MOS), documenting significant advantages of it over the traditional measure correlate predict (MCP) method using classical ground based reference data. His findings were presented at the American Wind Energy Association (AWEA) Wind Assessment Workshop in late 2010.
Mr. Hendrickson will be based in Seattle, supporting 3TIER clients’ project feasibility and financial due diligence efforts around the world.
For more information about 3TIER, please visit http://www.3tier.com.
3TIER helps the global energy market manage renewable energy risk. A pioneer in wind and solar generation risk analysis, 3TIER uses weather science to frame the risk of weather-driven variability – anywhere on earth, across all time horizons. With offices serving North America, Europe, the Middle East, Africa, India, Latin America, and the Asia Pacific region, 3TIER has global reach with products and services spanning renewable energy project feasibility, energy marketing, and asset management. For more information, visit www.3tier.com.
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