Capital decisions, disciplined to the assumption.
Project finance at the intersection of hard assets, capital formation, and technical commercialization. Built for sponsors and investors turning complex energy and infrastructure projects into financeable, executable reality.
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Models built for decisions, not decoration.
A model should show what drives returns, where the risk sits, and how each structure changes the outcome, then translate technical assumptions into a financeable commercial story. The work covers building, reviewing, and pressure-testing models that lenders, tax-equity investors, and boards actually rely on.
Backed by $70M+ in supported debt and equity project finance, tax-equity modeling with ITC/PTC optimization, residential solar leasing and REC revenue modeling for a distributed solar platform, and capital-stack work presented at Oxford.
Most companies raise the wrong kind of capital.
The first question isn't "how much," it's "what kind." Corporate equity, project equity, strategic investment, bridge notes, vendor-backed capital, project debt, tax-equity monetization, grants, JVs, SPVs, dev-co versus asset-co separation. The right answer depends on the asset, the stage of commercialization, the counterparty risk, the offtake, the maturity of the technology, and the exit objective.
A recurring theme: a corporate finance problem mistaken for a project finance problem, or a fundable project weakened by poor corporate structuring. Diagnosing that correctly is often worth more than the model itself.
Across the assets where project finance gets hard.
Conventional renewables behave one way; first-of-a-kind and emerging infrastructure add technology, execution, procurement, and commercial-validation risk on top. Real exposure across both.
Utility-scale and distributed economics, PPA structures, ITC/PTC eligibility, development assumptions, and cost competitiveness.
Hybrid dispatch value, resiliency use cases, and how storage reshapes both commercial and lender-facing risk.
Standalone and paired systems: revenue-stack considerations, resilience value, and procurement risk.
Dispatchable renewable generation, long-duration storage, industrial heat, and process-heat applications.
PTC/ITC capability, feedstock and operational risk, and renewable generation economics.
Energy systems for industrial customers and data-center resilience: uptime, backup duration, and power quality.
From a single model to full diligence.
Engagements scale to the decision at hand: a single model review, a full capital stack analysis, or ongoing sponsor support.
Evaluating a project or capital structure?
Book a free 20-minute call to discuss the project, the assumptions, and the financial decision at hand.
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