- The US solar market has grown to 125,000 MW today, creating a large secondary market opportunity which we are addressing.
Any size, any term. Participants do not want to go searching for a price or a market.
Block bids in, standard contracts out
Buyers and Sellers can transact anonymously
Minnesota, Connecticut, Massachusetts
CT + MA (NEPOOL)
We are focused on the acquisition of operating solar assets in the USA.
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.
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.
At the right time and place, cyclically
>> Market needs to be both digital and standardized.
>> Building products and tools to help buyers, investors and sellers connect.
>> ACH Blockchain clearing
Driving future growth requires better markets for better financing.
Marketplaces connect economic traders that are otherwise unconnected, which unlocks economic wealth that otherwise does not exist, thus creating money out of nowhere.
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.
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.
The spread between wholesale and retail is too wide - a marketplace will match supply and demand more efficiently
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.
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.
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.
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.