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The EMBA in Energy: Renewables Specialization

The 36-credit hour program consists of six online modules and three in-person residencies, offered over 15 months with professional cohorts who complete the program together. These cohort groups are encouraged to remain in contact and share information long after the program ends. The residencies consist of two weeks spent on the OU campus and an international perspective on the energy industry in Europe.

Course sample*:

Core Course Topics Include
Energy and Environment Energy Policy and Regulations Electric Power Systems Introduction to Energy Accounting Financial Markets and Securities Derivatives and Energy Trading Quantitative Methods and Models ESG and Sustainability Renewable Energy Resources	Corporate Energy Finance Organizational Behavior Electric Utility Fundamentals Data, Analytics and Decision-Making Energy Economics Strategic Management Carbon Management: Strategies and Steps Cyber-Physical Security and Resilience for Smart Grid Managing Change – Role of Leadership

Renewables Specialization Courses
Renewable Energy Technology and Innovation Renewable Energy Analysis and Forecasting Renewable Energy Law and Regulations	Accounting for Renewable Energy Renewable Energy Project Valuation Renewable Energy Project – Business Plan

*For sample purposes only. Courses subject to change.

Focus on the International Residency

The renewable energy industry is a global business. Current and future leaders must understand regulatory, financial and policy decisions from an international perspective.

The OU Executive MBA in Energy program gives students an opportunity to experience these perspectives firsthand. An international residency, about halfway through the program, takes place in London and Amsterdam– energy-centric locations with global influence. During the trip, students take courses, meet with energy leaders, visit energy companies, and experience local culture.

The cost of this experience is included in the program’s tuition.

Course Descriptions

CORE COURSES:

Courses	Description
Energy & Environment	An introduction to the global energy industry’s past, present, and future, along with the history and current issues/challenges that different regions face. The course provides a broad look at the fundamentals (resources, politics, culture, regulatory and legal framework plus environmental issues) that impact world energy supply and demand.
Energy Policy & Regulations	Examines global energy policy and regulatory development emphasizing: resource access, business- government relations, environmental protection, social responsibility, and sustainability. Topics explored from the perspectives of government, business, citizens and civil society stakeholder groups, emphasizing unique positions of various major energy-producing regions worldwide. Students demonstrate how to manage and mitigate political risk through participation in a political simulation exercise on energy development.
Electric Power Systems	This course provides an overview of the power systems and environmental consequence, fundamental principles in electric circuit theory, a working knowledge of the principles and practices of the electrical power industry regarding regulations, utility rates, generation, transmission, and distribution, and the role of renewable energy in the power markets, an understanding of how in an electricity grid, power generation and power consumption are closely matched, smart grid, integrating renewable energy resources into the grid, and the role of energy storage, and an understanding of general business model of regulated and unregulated utilities, generation options and economic dispatch.
Introduction to Energy Accounting	This course uses concepts from financial accounting and managerial accounting and applies them to specific reporting issues in the energy industry as well as presentation of the information on the financial statements of an oil and gas company. Reviews the accounting cycle with an emphasis on the proper accounting treatment of energy-related activities, actions (e.g., acquisition of mineral interests).
Financial Markets & Securities	Provides a strong foundation for an understanding of financial markets and the main types of securities traded in these markets. The topics covered in the course include trading structure, risk and return, portfolio theory, asset pricing models, market efficiency and an introduction to the nature and valuation of equities, bonds, and options.
Derivatives & Energy Trading	Provides a comprehensive review of the organization and structure of the market for energy assets and commodities: including trading platforms, pricing issues, forecasting, role and linkage with associated futures, forwards and options contracts, “basis” and spreads, hedging strategies, the principles governing the valuation of these “derivative” securities, and the ways in which these securities can be used effectively.
Quantitative Methods & Models	This course will focus on understanding and applying quantitative methods and models in the context of energy management. The content of this course is organized around three modules: summarizing quantitative data: relating and comparing data: and, predicting outcomes based on sample data. The topics covered in these modules include descriptive statistics, associative statistics, regression, multiple regression, and inferential statistics.
ESG and Sustainability	Sustainability factors are part of the fundamentals needed to attain higher returns, organizational resilience, and stakeholder trust. Environmental, social and governance (ESG) risks have gained increasing attention, and organizations are seeking to proactively manage and report on their ESG risks. This course will provide an understanding of ESG and how to implement sustainable ESG requirements.
Renewable Energy Resources	Considers interest in renewable energy from the view that meeting global energy demand is “all of the above.” Examines traditional energy firms possibly adding alternative energy to its offerings. Provides student with a broad overview of how renewable energy affects markets today, renewable energy technology, and its cost effectiveness compared to other energy sources and its future penetration rate projections.
Corporate Energy Finance	Provides students with the analytical and conceptual skills required in the modern practice of corporate financial management in energy organizations. Will focus on three key areas: (1) optimal allocation of capital; (2) optimal choices for raising capital; (3) optimal management of risk in conjunction with (1) and (2), including measuring and managing risks in energy companies.
Organizational Behavior	For students responsible for leading and managing HR in the energy industry and seeks to increase students’ understanding of individual behavior in organizations. Explores theories and concepts of organizational behavior to address managerial problems. Topics include: management challenges; the use of evidence-based management: managing diversity; motivating, evaluating, and rewarding employees: and creating a positive work environment and achieving personal well-being.
Data Analytics & Decision Making	Provides an overview of data analytics and how orgs use this capability to deliver value to their customers and remain competitive in the marketplace. The focus of the course is on the targeting and management of orgs’ analytics investments and analytics-enabled business solutions, not on the engineering of these capabilities. Participants will have the chance to gain hands on experience with modern analytics techniques including data management, forecasting, machine learning, visualization, cybersecurity, governance and how capabilities in these areas can deliver organizational value.
Energy Economics	Economic concepts and analysis as used in managerial decision-making in energy companies with emphasis on demand, supply, market equilibrium, elasticity, perfect competition, external effects and public goods, market power and monopoly, natural monopolies, dominance and economic regulation, mergers, cartels, collusion and antitrust, oligopolistic models, GDP, unemployment rates, and price indices, and the interrelations among the different sectors of the economy.
Strategic Management	Examines management decisions and actions to improve an organization’s competitiveness in global business environments. Uses a variety of pedagogies to integrate strategies, and students will develop skills to formulate, implement, and evaluate organizational strategies that play across the energy industry in rapidly changing environments.
Carbon Management: Strategies & Steps	Carbon footprint is the amount of carbon dioxide, or Greenhouse Gas Emissions, that organizations contribute to the environment. This course is on developing and implementing a long-term carbon management plan to provide an organization with strategies and steps to reduce their carbon footprint and remain competitive in a low carbon economy.
Cyber-Physical Security and Resilience for Smart Grid	Security and resilience mechanisms by design are important to provide guarantee operations for the system. The smart grid is a large-scale complex system that integrates communication technologies with the physical layer operation of the energy systems. This course covers introductory topics in cyber-physical systems security, provides a layered perspective of the smart grid security and provides an overview of the interactions among system components and the interaction between external forces and the system, breaches and enforcement, standardization, best practices, policies, privacy, and legal issues.
Managing Change - Role of Leadership	Provides a theoretical understanding and skill development necessary for being an effective leader and managing organizational change. Identify ways to become a more effective leader by applying theories of human behavior to solve day-to-day problems of organizational administration. Examines core decision- making challenges, complex change scenarios, and leadership approaches and strategies to manage change in the context of the energy industry.

ELECTIVES – RENEWABLES:

Courses	Description
Renewable Energy Technology & Innovation	Innovations in renewable energy encompass all new approaches that help to overcome barriers and result in an accelerated deployment of renewables to support the energy transition. Innovation is the engine that powers the ongoing transformation of the global energy system and a multitude of innovative solutions have been key to making renewables into the competitive energy option that they are today. The pace of renewable energy innovation, meanwhile, keeps accelerating, with power generation solutions at the forefront. This course provides a broad overview about energy-related innovation and technology issues and what they may mean for the future of energy and energy transition.
Renewable Energy Systems Analysis & Forecasting	To reduce the uncertainty inherent in demand and generation, system operators rely upon load and generation forecasts to balance electricity supply and demand. Generating forecasts are critical to reducing the uncertainty associated with variable renewable energy (RE) generation. This course will provide an overview on forecasting to inform estimates of the level and location of generation in the near future.
Energy Law for Renewables & Regulations	The course will be an introduction to the ethical and regulatory issues as well as the legal framework governing renewable energy production and consumption.
Accounting for Renewables	This course will cover advanced financial topics for renewable energy companies, such as financial statement disclosures specific to entities engaged in renewable energy, depreciation and depreciation reserves, accounting for derivatives, and tax equity and tax benefits for renewable energy industry.
Renewable Energy Project Valuation	This course will cover advanced financial topics for renewable energy companies, such as financial statement disclosures specific to entities engaged in renewable energy, depreciation and depreciation reserves, accounting for derivatives, and tax equity and tax benefits for renewable energy industry.
Renewable Energy Project - Business Plan	The course will follow the progression of the development of an energy project, from early-stage site and offtake development issues through construction and project financing through operation and possible decommissioning. Teams determine which renewable energy source they want to focus on and develop business propositions accordingly.