of miles our trucks drive and how much money we invest in reducing these issues,” she says. “[The Index] comes to us every year, and you have to show progress. Investors are paying attention to that.”
Welton Doby lll
Students Put Georgetown on the Cleantech Map
Increasingly, business school students are paying attention, as well. Two years ago, some Georgetown McDonough School of Business students founded the Energy Club. Last fall, finding that the club did not focus enough on renewable energy, Nick Chaset (MBA ’11), then in his first year, founded the Cleantech Club. “I thought it would be a good way to meet classmates who were interested in the topic and to network with potential employers,” says Chaset. He arrived at Georgetown with five years of experience working in renewable energy at an international energy consulting firm, a solar developer, and the California Public Utilities Commission, where he worked on the California Solar Initiative. Chaset used the UC Berkeley Haas School of Business’ cleantech club as a model for the McDonough School of Business’ club and says it will be an important part of building Georgetown’s brand. The university has already taken a lead in its facilities with the new Rafik B. Hariri Building, which houses the Georgetown McDonough School of Business, and which was recently awarded LEED Silver Certification from the U.S. Green Building Council. Thanks to its innovative design features, the building is expected to save 15 percent in energy costs and 41 percent in water use. “Renewable energy and cleantech is still very much an emerging sector of the economy,” Chaset says. “Georgetown, in a city where so many critical decisions are made in the cleantech sector, has a unique opportunity to take a leadership position.” The club, which has since merged with the Energy Club, hosts monthly events that educate the Georgetown community, including campus presentations on wind and solar energy. Last year, the club partnered with Carbon War Room, an initiative by Sir Richard Branson that — partly as a result of the Cleantech Club’s efforts — held its Creating Climate Wealth summit at Georgetown last fall. Club members also have completed mini-consulting projects Georgetown University McDonough School of Business
with Azure Power and Washington Metro- of the complex technical side. She says politan Area Transit Authority, and helped people tend to have either the financial the American Council on Renewable and marketing skills or the background in Energy run a social media and marketing environmental conservation, but it is campaign for its 2009 conference. In the important to enter this industry with all of spring, the club helped host Green to Gold: it. “I don’t think I would have this job if I Growing the Clean Energy Economy, with hadn’t done both,” she says. The EDF Climate Corps is a partnera keynote speech by James Woolsey, former director of the CIA and a partner at Vantage ship between the Environmental Defense Fund and Net Impact, Point Venture Partners. a national organization At all these events, of graduate students Chaset says, students and alumni that focuses have the opportunity to on using business skills network, and the club to improve society. The has developed career group matches busiopportunities for memness school students bers. Out of 25 active with companies seeking members, about oneenergy efficiency plans. third worked in cleanThis is how Griffith tech internships this — Nick Chaset (MBA ’11) ended up spending his summer. Chaset is one summer at New Jersey of them. He works as Resources, exploring the company’s faciligovernment affairs manager for Oakland, ties and suggesting ways it could undertake Calif.-based Renewable Funding (a job he efficiency investments that would both be holds part-time during the school year), profitable and reduce its carbon footprint. where he oversees development of regulaHe says he learned a lot about how utilitory and public policy strategy ties are regulated and how the companies are changing their models to profit from Be the Next Mr. (or Ms.) Clean The good news for cleantech job-seekers encouraging reduced energy usage. is that there are significantly more career He also learned that energy companies paths today than there were even three or are a good place for alumni to find work four years ago, when many in the field were and the types of salaries they seek. “If you engineers building the technology or were want to bring new technology to society working at advocacy organizations. on a massive scale, the utilities are a good “We’re talking about launching a whole way to go,” he says. new industry,” Leeds says. “You’re going Griffith, who is still nourishing his to need everything from financial analysts entrepreneurial spirit with the occasional who help invest in these young green- catering gig, says at first, he will likely work tech companies on the venture capital and for a startup. He enjoys the fresh thinking investment banking side to programmers, involved, and he does not think he has engineers, and sales and marketing folks at enough experience to work at a traditional the utilities. You have the utility companies energy company right away. He compares that have never had to market to the cus- the cleantech startup landscape to that of tomer before — they just send the bill and dot-coms, noting that few of the existing get paid — now seeing their entire busi- startups are currently profitable, and few ness reinvented.” will succeed. But alumni warn that it is not an indusBut he says those that do survive could try for novices. “There’s a lot of growth in end up being the next Googles. So for Grifthis industry, and people think they can just fith and others who seek a chance to work jump into it,” Perusse says. “It takes some in a burgeoning industry — and do some understanding of engineering, the regula- good for the planet along the way — the tory environment, and technology.” rewards may be worth the risks. w Zimring, who managed retail LEED certifications at the U.S. Green Building Washington, D.C., freelance writer Council before earning her MBA, agrees Melanie D.G. Kaplan has written for The that having the right background is key, Washington Post, USA Weekend,The Christian Science particularly in this industry, because Monitor, and Georgetown Law Magazine.
Renewable “energy and
cleantech is still very much an emerging sector of the economy.
”
25