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avatar for Michael Elchinger

Michael Elchinger

National Renewable Energy Laboratory
Project Leader
Golden, CO
Mike Elchinger is a Project Leader in the Project Development and Finance Advisory Group at NREL. For over 10 years Mike has worked on engagements as a project manager and analyst providing economic and financial analysis and advisory on energy projects, both domestically and internationally. Mike came to NREL from the University of Michigan where he earned a Master of Business Administration with a focus in Finance and Strategy and a Master of Science in Sustainable Systems. Prior to graduate school, he earned a Bachelor’s degree in Economics from the University of Virginia.

In his four years at the Lab, Mike has focused heavily on international engagements. His work has spanned many countries including Indonesia, India, Bangladesh, Ethiopia, Nigeria, and Jamaica; with funding from a variety of clients including DOE, USAID, and MCC. He has managed projects, produced economic and financial analysis on energy projects, coordinated analysis on grid integration of renewable energy and renewable resource assessments, and provided advisory and analysis on low emission development.

Mike has differentiated himself at the Lab as a resource for economic and financial analysis. In an engagement with MCC in Indonesia, Mike built techno-economic models to evaluate the socio-economic impact of eight archetypal renewable energy projects. In a similar effort, he evaluated the financial feasibility of a suite of island microgrid projects in Indonesia for DOE. Domestically, he provides project development and financial guidance to various projects through the Federal Energy Management Program, and performed due diligence and analysis on projects applying for the Treasury 1603 Cash Grant program. He also served as Project Manager for work aimed at increasing loan volume for residential solar PV installations with an FHA-insured loan product called PowerSaver. He is currently leading work that seeks to secure significant amounts of new capital for commercialization of lab-stage clean energy technologies.