While moonshot technologies get most of the attention, one of the most important aspects (and most immediate opportunities) of the ongoing clean energy revolution is the retrofitting of existing structures and institutions. There are countless opportunities to improve the efficiency and clean the energy output of schools, hospitals, commercial offices, etc. From updated lighting or building management systems to installing solar panels and onsite energy storage, simply implementing existing technologies provides huge opportunities to save money and energy for the institutions themselves while simultaneously lowering their carbon footprint. So what is the challenge? Structuring such projects can be highly complex, requires significant capital, and each project is unique. Basically, if there is no push, these projects are unlikely to happen, and if they are not done right, a lot can go wrong. This is where energy project finance companies like Blue Path Finance come in. With expertise in credit analysis, energy technologies and project structuring, Blue Path Finance has partnered with institutions all over the country to identify high potential retrofit opportunities and then apply their project structuring expertise to bring such projects to fruition. Recently I reached out to Dominick Yin, a Financial Analyst with Blue Path Finance, to ask him about his experience. Check out Dominick’s thoughts below. Enjoy!
Name, Title and Organization
Dominick Yin, Financial Analyst, Blue Path Finance
Educational Background (e.g., college, major, any graduate school or additional certifications)
University of Pennsylvania, Wharton School of Business
How do you stay informed on your sector?
My sector knowledge is a natural product of my day-to-day work. I see numerous new projects on a daily basis. Analyzing the projects informs my understanding of the sector. This being said, I derive a fair amount of sector knowledge from Bloomberg.
What does a typical day look like in your current role? What are your primary responsibilities?
There is no such thing as a typical day. Given the smaller size of my company, I wear many “hats”. While my primary responsibilities involve financial modeling and credit underwriting, I also do a fair amount of marketing, preparation of strategic decks and operational duties.
Why did you first want to work in renewable energy / clean technologies?
I wanted to do something that had a positive impact on the world.
What are your two favorite aspects of your job?
I get to build models from scratch and I have a lot of independence.
If someone was interviewing for your role, or a role like yours, what would they need to demonstrate in the interview to give themselves an advantage?
They would need to show a willingness to work hard and learn. I’m constantly being exposed to new things. The ability to be adaptive is crucial.
To perform your job well, what is the most necessary skill or personality characteristic, and why?
You need to be flexible. Priorities are constantly changing. If you can’t disengage from a task quickly and change focus, then this job will be extremely challenging.
What is the one bit of advice you would offer a young person hoping to break into renewable energy / clean technologies?
Just do it! There are tons of cool, innovative companies out there looking to change the world and create positive environmental impact. If you are curious and persistent, you will land a great job in the industry.
What is something you have learned in your job that surprised you?
I learned there is tremendous opportunity in the less “interesting” sectors. Retrofitting municipal buildings for example is a huge opportunity. A lot of people looking to be in cleantech are focused on the cutting edge technologies / subsectors, but some of the most effective cleantech solutions are in technologies as simple as LED lights.
Other than the focus of your work, which realm (technology, geography, or other) of renewable energy / clean technologies is particularly interesting to you right now and why?
I’m interested in the combination of solar and storage. This pairing has the potential to completely change the way we power our homes and businesses.
If you could be compensated for your work with something other than a paycheck, what would it be?
That’s really tough … I think the gratification alone of being able to help businesses save energy is great.
Thanks Dom! Keep up the great work!