Nick Pratt ’27: Longroad Energy
I’ve always been fascinated by how giant, billion-dollar projects receive financing. This summer I had the opportunity to do an internship with the Project Finance Team at Longroad Energy, which is an independent power producer (IPP) that specializes in utility-scale, renewable energy installations and data center campuses.
I had three major projects over the course of the summer: modeling a solar installation at The Rivers School, creating a dashboard to find specific funding sources and track capital allocation, and using an Excel model to understand how investment decisions and capital allocations are made.
On my second to last day in the office, my manager, Kent Mohlar, and I realized that I had made a mistake in my analysis. I misinterpreted the value of energy (VOE) in the Massachusetts renewable incentive program, as I thought it was a live estimate of the previous month, but it was actually a static figure from when the program began. This mistake led to hours combing through the program details to figure out how to model the revenue streams correctly. This experience taught me that a single change can distort an entire model and being willing to question what you know can turn into the moments you learn the most from.
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