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In Remembrance of Edward Nicholas Krapels, Founder of Anbaric

By District Energy posted 10-13-2020 11:56




Dr. Edward N. Krapels, a resident of Andover, MA and Silver Lake, NH passed away on September 25th due to complications associated with a lung transplant. He was with his wife, Sarah Emerson, and his sons, Benjamin and Samuel Krapels. Dr. Krapels was an expert on energy markets and an entrepreneur.

Ed was born in Heemstede, The Netherlands in 1949, and emigrated with his family to Puerto Rico in 1956 before emigrating to the United States in 1959. He lived with his family in High Point, North Carolina and attended the University of North Carolina at Chapel Hill. He earned his M.A. at the University of Chicago and his PhD at the School of Advanced International Studies at Johns Hopkins University. He started his career at the Federal Energy Administration and was sent to the International Institute for Strategic Studies in London where he authored an Adelphi Paper on Oil and Security. He continued his work on energy security at the Royal Institute for International Affairs or Chatham House. He was then tapped by the Rockefeller Foundation to write a book on Oil Crisis Management. As an expert in energy security, he was involved in the creation of the international energy programme of the relatively new International Energy Agency. This led to the creation of strategic oil stockpiles and collective emergency management by the OECD countries. Since then he has written several books, dozens of monographs, and scores of articles ranging from energy security to risk management to international oil to U.S. electricity markets.

Upon returning to the United States he became an independent consultant and founded Energy Security Analysis, Inc. (ESAI). In 1986, Sarah Emerson joined him, and they built a firm that published oil market analysis and forecasting. Ed traveled all over the world as an oil market expert and cherished the many friends he made across the global oil industry. In 1990, Ed and Sarah married and in the ensuing years had two sons, Benjamin and Samuel. In 1997, Ed moved his family from Washington, DC to Boston, and shifted gears from petroleum to electricity, focusing on the restructuring power markets of the Northeastern United States. In the early-2000s he founded Anbaric Power (now Anbaric), which co-developed the New York-New Jersey Neptune and Hudson 660 MW transmission lines that today provide power to Long Island and New York City. In doing so, Ed helped create the independent transmission industry in the US. His strategic vision has since led Anbaric into the offshore wind sector. Ed stepped down as CEO of Anbaric in June of this year.

Ed loved his career in energy and excelled at bringing together people with complementary skills to solve complicated energy questions. He was an expert on regulation in both the petroleum and power sectors, and for the last two decades, has been a thoughtful and enthusiastic advocate of the Energy Transition.

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