July 2021 - Quarterly Market Letter
On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of...
Rice Lummis is an energy nerd with a passion for sustainability and resiliency. In his role as Market Risk Manager, Rice structures risk-adjusted commodity products for our clients across all the major power markets in the US. He helps the broader team to incorporate demand-side valuations into each client's specific energy management strategy including peak-load forecasting, demand response, and distributed generation solutions.
Before joining 5, Lummis worked for APX in San Jose, California, as a key accounts manager for their unique energy storage solutions and MP2 Energy in The Woodlands, Texas, where he helped build their demand response and distributed generation business from the ground up.
Rice received his Master of Business Administration degree from the University of California, Davis, and his Bachelor of Business Administration degree from the University of Denver. His graduate work included a summer internship at Pacific Gas & Electric in San Francisco as an Environmental Defense Fund “Climate Corps” fellow. As part of his MBA program, Lummis spent time at the Instituto Tecnológico Autónomo de Mexico in Mexico City studying and expanding his professional network within one of the most exciting electricity markets in the world today.
Rice lives in Houston, Texas, with his wife.