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Virginia Lacy



  • eLab

Virginia Lacy is a Principal with the RMI Electricity Practice. She specializes in electric utility resource planning and corporate energy and climate strategy.

At RMI, Ms. Lacy consults with electric utilities, corporations and governments in the development of integrated energy strategies that drive competitive advantage through a portfolio of energy efficiency and renewable energy sources. Ms. Lacy specializes in electricity supply issues, especially variable renewable energy sources and their integration into the grid.

Ms. Lacy manages RMI’s DOE SunShot funded project, Innovative Solar Business Models, which is aimed to partner with key electricity sector actors and pilot-test new solar business models that recognize and create value for multiple stakeholders. As part of this work, RMI is developing the EDGE model, a MATLAB-based simulation tool that incorporates EPRI’s Open DSS open source model to comprehensively assess the value proposition of distributed solar PV in different regulatory and utility business model environments. She is a member of the senior team that leads RMI’s Electricity Innovation Lab, and is managing eLab’s work in new business models.

Broadly, she has provided quantitative modeling and analysis on a variety of topics including fuel price volatility, energy commodities market trends, and the financial valuation of energy efficiency and renewable energy sources. Ms. Lacy’s corporate clients have included one of the world’s largest mining operations, a major Atlantic oil refiner and two Fortune 500 companies. She managed the analysis of the technical and economic potential of renewable energy for one of the largest electric utilities in US, as well as the supply side research and analysis for an integrated energy strategy for the State of Hawaii.


During her graduate studies at Yale, Ms. Lacy focused in energy policy and investment and served as the co-coordinator of the Yale Climate Initiative, an ongoing effort to recommend and implement greenhouse gas mitigation strategies at the University. Prior to pursuing her master’s degree, she was a research analyst with the Investor Responsibility Research Center (IRRC), a socially responsible investment research firm, where she analyzed the environmental performance of S&P 1500 companies for some of the largest institutional investors in the U.S.


Master of Environmental Management, Yale University
Bachelor of Arts, Government, University of Virginia


Boulder, CO

Authored Blog Posts

New York’s Next Steps in the REV-olution

It has been more than three years since Superstorm Sandy came ashore, creating massive storm flooding, gasoline shortages, and more than a week of power outages. Sandy’s devastation revealed critical gaps in New York’s utility infrastructure that inspired Governor Cuomo’s administration to launch New York’s Reforming the Energy Vision (REV)…

From Grid Defected to Grid Connected

RMI's Virginia Lacy talks with Sunverge vice president of products Steve Wolford about how grid-connected solar-plus-battery systems are already helping the grid’s ongoing transition to the electricity system of the future.

Zero Net Energy 2.0

Big Hairy Audacious Goals. Jim Collins and Jerry Porras described them in their book Built to Last as a success strategy of visionary companies. What exactly is a big hairy audacious goal (BHAG)?

The Backbone of the Information Economy

The importance of electricity in our modern world cannot be overstated. Electricity not only animates the storehouses of human knowledge, it also enables communications and control, and delivers energy precisely to billions of devices that drive our economy—from the stock market to hospitals. Yet, as crucial and ubiquitous as it has already become, electricity is poised for a profound leap in importance. This clean, precise, and flexible energy carrier can help us conquer one of the most important challenges of our time: drastically reducing our dependence on fossil fuels.