E3 provides unbiased analysis of challenges facing the electricity industry. It helps utilities, regulators, policy makers, developers, and investors make strategic decisions.

E3 - Energy and Environmental Economics, Inc.

Energy and Environmental Economics, Inc. | 8,411 followers on LinkedIn. Energy consulting firm providing unparalleled technical excellence and insight to inform the clean energy transition. | Energy. Environment. Economics.

Partner at Energy & Environmental Economics

Eric Cutter

Tristan Wallace

Senior Partner at Energy & Environmental Economics (E3)

Kush Patel

Partner at Energy and Environmental Economics (E3)

Tory Clark

Energy and Environmental Economics, Inc.

Join our newsletter to receive a note every month or so with our latest clean energy analyses, explained. You can expect to read about topics like resource adequacy, electricity market design, AI and load growth, the future of gas, and green hydrogen. You are always welcome to respond and keep the conversation going. We expect these emails will be most relevant for utilities, governments, research groups, nonprofits, developers, investors, and operators, but we welcome anyone interested in clean energy. Sign up here: https://lnkd.in/g733iC9y

High levels of building electrification are expected to create a significant challenge for recovering the costs of California's gas system, potentially leading to very high gas rates for customers who are unable to electrify. Major changes to gas infrastructure planning and cost recovery will be needed to support a managed transition that limits adverse cost impacts for ratepayers. Although California was an early leader in identifying the need for a gas transition, other states have since implemented a range of actions to manage gas system spending and update cost recovery mechanisms to support a managed transition. This presents an opportunity to learn from other states and inform the scoping of a new gas planning proceeding that just launched at the California Public Utilities Commission. In a new white paper funded by the Natural Resources Defense Council (NRDC) , E3 reviewed gas transition proceedings in other states and identified five focus areas for near-term action (see chart). E3 experts Stephanie Kinser , Ari Gold-Parker , Dan Aas , and Amber Mahone contributed to this white paper, which is available here: https://lnkd.in/gVGhQ_H2 E3 would like to thank NRDC for their support of this study. Find NRDC's blog post here: https://lnkd.in/gzjrKpEd

Along with my colleague, Liang Downey, MBA, MEng , listening to Microsoft’s WW Power & Utilities Director, Bilal Khursheed , presenting the keynote at the Probabilistic Planning Symposium hosted by Midcontinent Independent System Operator (MISO) and Energy and Environmental Economics, Inc. . Great insights to how AI, IoT, and the Cloud, support flexibility value in the P&U industry!

ALAN Y.

Interested in learning more about the role of existing buildings in decarbonizing California? Join me at CalBEM 2024 on 11/20-11/21! I’m pleased to be presenting a Power Talk on why we should care about existing buildings. https://lnkd.in/gBPtCCvD #building #energy #modeling #CalBEM

Jared Landsman

How can transmission planning methods capture increasing uncertainty? Join us at next week's 2-day Probabilistic Planning Symposium, hosted by Midcontinent Independent System Operator (MISO) in collaboration with E3. We'll discuss how planning processes can evolve to better capture changes across both the generation fleet and end-use demand—ensuring a reliable, efficient, and cost-effective grid of the future. In-person attendance is limited, but this event will stream live from MISO's headquarters on Nov 19 & 20. Join us! Register here for Nov 19: https://lnkd.in/gGHMrnmD Register here for Nov 20: https://lnkd.in/gXrwFjCR

This summer, New York State approved an energy storage mandate that doubles its previous goal, with a new target of 6 gigawatts of energy storage by 2030 – representing 20% of the state’s peak electricity demand. Utility-owned storage (UOS) has the potential to help meet this target while also managing essential transmission system needs where market solutions may fall short, like managing congestion and reducing renewable curtailment. In collaboration with National Grid and industry experts, E3 examined the use cases for UOS to provide transmission services in New York. By deferring or avoiding costly and long lead-time transmission upgrades, utility-owned storage can provide system and ratepayer benefits by supporting the achievement of New York’s climate and clean energy goals. Find our blog discussion, as well as the full report, on storage as transmission – and how this feeds into the bigger picture of integrated system planning – here: https://lnkd.in/gHdgK5Tq Kudos to the study team: Kevin Steinberger , Tristan Wallace , Ben Joseph , Brendan Mahoney , Melissa Rodas , and Lakshmi Alagappan . For more insights into how E3 can support stakeholders across the industry on storage as transmission assets, email lakshmi@ethree.com .

Since 2010, E3 has regularly created and released formal public databases and calculations of levelized costs, which has supported a variety of public planning processes (such as the WECC Transmission Expansion Planning and Policy Committee and the California Public Utilities Commission, along with numerous utility IRPs). This analysis is conducted with E3’s in-house analytical tool Recost, and we’re excited to announce the tool is now available for purchase. It includes all inputs, assumptions, and calculations, and can be configured as needed. Given a set of technology- or project-specific assumptions for system performance and operations, upfront and ongoing costs, and financing parameters, Recost computes levelized cost metrics, such as the levelized fixed cost and levelized cost of electricity. We also combine fixed cost calculations with resource-specific capacity contribution assumptions to develop a levelized cost of capacity metric, also known as gross cost of new entry. It’s used in a wide array of electricity system planning models, like capacity expansion modeling and procurement strategy and bid evaluation. To see this tool in action, we’re offering a free public outlook that summarizes E3’s forecasts and perspectives on the resources critical to the energy transition. Find links to both, and more information, here: https://lnkd.in/gVcE2U6A

Join us! E3's Andrew DeBenedictis will discuss transportation electrification at a New England Electricity Roundtable on 12/13, alongside panels on grid-scale energy options and a keynote from former FERC Chair Rich Glick . Details below.

Last week, E3 hosted students from the Energy Club at the University of Michigan - Stephen M. Ross School of Business . Zach Ming , Ritvik Jain , and Hannah Platter spoke to the group about opportunities to contribute to the clean energy transition. Their thoughtful questions and engagement sparked valuable discussions about the challenges and innovations shaping the industry, and we're eager to see how these future business leaders will contribute to it. A big thank you to the students for their insights and interest!

Excited for this conversation with American Council on Renewable Energy (ACORE) today on offtake agreements for clean energy financing! Register ⬇️

Metric
Company Name	E3 - Energy and Environmental Economics, Inc.
Symbol
MSH ID	COM:ETHREE
Market	PRIVATE
Sector	Commercial & Professional Services
Industry	Energy Consulting
Country	US
Stage
Employee Count
Website	ethree.com
LinkedIn	energy-environmental-economics
Founders

Metric
Market Cap
Enterprise Value
Monthly Web Traffic	17.87K
Web Traffic Growth	-0.76
Valuation
Raised Capital

Metric
Revenue
Revenue (LTM)
Revenue (NTM)
Gross Profit
EBITDA
Operating Income
Net Income
EPS
Diluted EPS
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin
Operating Profit Margin
EBITDA Margin
Net Profit Margin
Return on Equity
Return on Assets
Return on Capital Employed

ETHR

COM:ETHREE

E3 - Energy and Environmental Economics, Inc.

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio
P/B Ratio
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio
EV Multiple

Metric
Days Sales Outstanding
Days Payables Outstanding
Days Inventory Outstanding
Operating Cycle
Cash Conversion Cycle
Asset Turnover

Metric
Operating Cash Flow
Free Cash Flow
Cash Flow to Debt
Operating Cash Flow/Sales
Free Cash Flow Yield

Metric
Cash & Equivalents
Accounts Receivable
Inventory
Goodwill
Debt to Capitalization
Debt to Assets
Current Ratio
Quick Ratio

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue
R&D to Revenue
SG&A to Revenue