The US solar market has grown to 125,000 MW today, creating a large secondary market opportunity which we are addressing.

What We Seek to create -secondary markets in 50 states

Real Markets in 50 States

Any size, any term. Participants do not want to go searching for a price or a market.

Fast Pricing

Immediate Valuations

Standard Transactions

Block bids in, standard contracts out

Anonymity

Buyers and Sellers can transact anonymously

We are a buyer for our own account

We take the risk!

We manage and own assets now

Minnesota, Connecticut, Massachusetts

Trading, Managing REC Portfolios

CT + MA (NEPOOL)

OMD = Origination, Markets and Data

Origination

We are focused on the acquisition of operating solar assets in the USA.

Markets

Origination

Solar markets and utility markets in the USA are fragmented and non-standard. We seek to rationalize the market structure and the assets themselves into standard packages.

Data

Origination

Data

We seek to create data sets and pricing, including indexes, to serve buyers, sellers, financial firms, asset owners. Having the right information leads to better decision making.

Thesis

Solar Secondary Markets

At the right time and place, cyclically

Digital

Solar Secondary Markets

>> Market needs to be both digital and standardized.

>> Building products and tools to help buyers, investors and sellers connect.

>> ACH Blockchain clearing

Marketplace

Solar Secondary Markets

Marketplace

Driving future growth requires better markets for better financing.

experience

Futures Exchanges

Former Member, Minneapolis Grain Exchange, Chicago Board of Trade, Chicago Mercantile Exchange (IMM).
Extensive clearing, margins and risk activity.

Energy Markets

FERC Power Markets Entity (JPower, N/AES, MHP)
MAPP, MISO, PJM, ISO-NE, ICE

Principal Focus

Active as a Principal in energy-focused enterprises since 1995.
Understanding of market development, emergence and flaws.

marketplace

Connect

Attractive Assets

Marketplaces connect economic traders that are otherwise unconnected, which unlocks economic wealth that otherwise does not exist, thus creating money out of nowhere.

Attractive Assets

Operating asset acquisitions have no development risk, have seasoned cash and monthly cash flows. The asset class is highly sought after for yield and for ESG.

Large Market

Attractive Assets

Wholesale to Retail Spreads

The market has $150 billion in it, addressable maybe a third. There is no central market and institutions are capturing large gains from market inefficiencies.

Wholesale to Retail Spreads

Getting Transactions Listed - via ETF

Wholesale to Retail Spreads

The spread between wholesale and retail is too wide - a marketplace will match supply and demand more efficiently

Getting Transactions Listed - via ETF

Transactions today in solar and renewables are still largely offline – a marketplace creating online access is far more attractive to potential market participants and provides clear benefits. Markets of industries that undergo digital transformation experience massive growth.

The Evolution of the Utility Space

Getting Transactions Listed - via ETF

We expect continued pressure on vertically integrated utilities to break up into "GENCO" and "T&D". As a result, both will seek competitive bids and offers from a liquid market.

Capital demands

Significant Capital Deployment Opportunities

We see really large origination opportunities, significant volume growth and spread profits for the foreseeable future. Origination, market making and custody/clearing capital requirements - the ability to deploy large amounts of capital profitably - should be substantial.

PLATFORM Development

DIGITIZE - FUNDAMENTAL TO SCALING AND SECONDARY MARKET GROWTH

Critical to scaling cost-effectively is creating a digital-only platform. Our platform will make common, standardize, the buy side and the sell side, thus easing access to the benefits of a market for all.

Each market participant (MP) will access our bids, and the market, via API – an application programming interface – whereby they are coming in, effectively tokenized properly, to transact. By automating and standardizing, we can then more effectively manage a diverse and rapidly growing book of business. User counts can rise, the more API links we have the more we lead the market. An MP might only transact once, or multiple times. In either case, they come in the same way, via permissioned access and API.

JJR - since 2006

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