JJR Power is a private energy advisor/owner focused on solar. We are sponsoring F4 Markets.
JJR Power is a private energy advisor/owner focused on solar. We are sponsoring F4 Markets.
Two-way markets, anywhere in the US, any size
All transactions digital only
Common products improve access and liquidity
Buyers and Sellers transact in the marketplace anonymously.
Minnesota-owned solar assets since 2014, six sites, 226 kW
Connecticut, Massachusetts, 3.3 MW
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.
Striking growth in solar over the past 13 years has not created a viable, national secondary market.
>> 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.
By creating benchmarks - in pricing and contracts – the market cap, or open interest of the secondary market grows to a multiple of the primary market. This is common and has occurred time and again in many markets. For example, the current market cap of Bitcoin is roughly $900 billion, and it trades (daily) in spot and futures in excess of $7 billion. The primary solar market is approximately $150 billion. With arbitrage, benchmark and standard pricing, we should see a secondary market expand from today’s annual $1 billion of turnover, to perhaps $15 billion or more. We can capture spread margin on both sides.
From utility-like trading centers to hubs of financial data and technology
We are in an age of information, awash in new data - getting and making sense of disparate, largely unavailable real-time data in secondary solar markets stands as a preeminent challenge for F4. As we seek out the structures, patterns and attributes of burgeoning, diverse data sets, we also seek to understand how the overall marketplace (network) structure gives rise to its dynamics. In doing so, we hope to understand and optimize the market for the benefit of society.
F4 is challenged to assemble, arbitrage and distribute data sets representing thousands of projects in the US.
to standardize the physical side into investor-friendly products, fully digitized, allowing us to scale....
Growing market volumes and wide margins will further attract market participants to the F4 platform.
Receive price signals, market information, arbitrage and blockchain updates, tokens structure and clearing changes.
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JJR - since 2006