Ukrainian-born serial entrepreneur and energy visionary Michael Polsky (MBA ’87) recently sat down with Jay Schrankler (Associate Vice President and Head of the Polsky Center for Entrepreneurship and Innovation) to discuss the energy industry’s trailblazers. His journey as an entrepreneur and his entrepreneurial spirit have led him to success.
When Polsky graduated from Chicago Booth in 1987, entrepreneurship hadn’t yet concentrated in school, and there were few opportunities for entrepreneurs in tech, Polsky said in a Feb. 14 fireside chat. Told.
Entrepreneurship is currently the most popular focus area. This is also thanks to generous support from Polski, who cites the establishment of the Polski Center as one of his best investments. Since then, he said, being an entrepreneur has also become a real profession.
It means doing things differently. It’s a mindset and a lifestyle, and “things don’t always go according to the rules,” Polsky added. Don’t be afraid to move forward. Try new things and seize the opportunities.
This is what Polsky did when he and his wife immigrated to the United States from Soviet Ukraine in 1976. Mr. Polsky, who received his MSME in 1973 from the Technical Institute of Kiev University, said:
The ability to work hard, along with a deep knowledge of a particular field, is one of the most important “factors” in entrepreneurship, says Polsky, which is his competitive advantage. . To this day, he still leverages his technical background. Without it, he wouldn’t be here, Polsky said.
Still, Polsky wanted to expand his business knowledge and test himself, so he enrolled at Booth and co-founded Indeck Energy Services as an evening MBA student. The company, which built power plants on the East Coast, within five years he was a nationally recognized company with over 100 employees and four of his power plants in operation.
A few years later, he founded Polsky Energy, which quickly became one of the country’s most successful power plant developers. After selling the company (then renamed SkyGen) in 2000, Polsky founded his Invenergy, which develops and acquires power generation, transmission equipment, and industrial energy assets in North America.
Since then, Invenergy has led the clean energy revolution, guided by Polsky’s vision, with next-generation technologies such as energy storage, offshore wind, power transmission and water purification, as well as expansion into wind and solar. Last year, the company and its 2,000 employees celebrated his 30 gigawatt clean energy projects developed in his 30 states and his four continents in the United States.
“It all comes down to selling” – said Polsky, it is important to sell yourself, your ideas and your enthusiasm. He is still learning something new every day and is more excited than ever about the current opportunities. “We are in the most interesting time.”