ALI ZAIN BANATWALA

The IRR Trap: Why Tax Credits Break Traditional Project Finance Metrics

Investment Tax Credits (ITCs) are a powerful incentive for clean energy projects. But when tax credits exceed your equity investment, traditional IRR analysis can produce misleading results. This post uses a real battery storage (BESS) financial model to illustrate the problem and present better alternatives. Case Study: A 100 MW

Reliability risks in NYISO have increased with declining Reserve Margins

Will the GRID Power Act improve Reliability?

The U.S. House of Representatives passed the ‘‘Guaranteeing Reliability through the Interconnection of Dispatchable Power Act’’ on September 18, 2025, with the intention to give dispatchable power plants priority in interconnection queues. “The interconnection queue is overwhelmed and bogged down, leaving shovel-ready power projects waiting for years while demand