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Investment Theme

Power & Energy
Enablement

We invest in power infrastructure that enables critical digital loads--from substation adjacency to renewable integration, unlocking reliable, scalable energy access for data centers.

The Thesis

Power access has become the primary constraint for data center development. Sites with grid adjacency, dual-feed architecture, and expansion capacity command premium valuations.

We focus on locations where utility partnerships can de-risk timelines, where substations have headroom for 100MW+ loads, and where renewable energy integration is economically viable.

Our investments span power delivery infrastructure, on-site generation, energy storage, and grid connection projects that unlock stranded digital infrastructure sites.

850+

MW Under Development

6

Utility Partnerships

35%

Renewable Integration Target

What we look for.

Grid Adjacency

  • Substation proximity (<5 miles)
  • Dual-feed or loop-feed availability
  • Grid capacity for 100+ MW expansion
  • Transmission line access and upgrades
🔌

Utility Partnership

  • Responsive utility with data center experience
  • Clear interconnection timeline
  • Favorable rate structure and demand charges
  • Economic development incentives
🌱

Renewable Integration

  • On-site or near-site solar/wind potential
  • Green tariff or PPA availability
  • Battery storage integration pathway
  • Renewable energy credit mechanisms
🏗️

Infrastructure Development

  • Substation capacity or expansion rights
  • Land control for transmission routing
  • Engineering feasibility and permitting
  • Timeline predictability and milestones
📊

Load Characteristics

  • Critical, 24/7 digital infrastructure loads
  • High capacity factor (>90%)
  • Long-term power purchase commitments
  • Credit-quality customers
🎯

Economic Viability

  • Competitive electricity pricing
  • Favorable tax treatment and incentives
  • Predictable cost structure
  • Long-term energy price hedging options

Engineering-first approach.

Our team conducts in-house technical diligence on power delivery, grid interconnection, and energy infrastructure projects.

Grid Interconnection Studies

We perform detailed grid impact studies, working directly with utility engineers to model load flow, fault current, voltage stability, and expansion scenarios. Every project includes a comprehensive interconnection feasibility assessment.

Power Delivery Design

We design redundant power delivery systems from substation to facility, ensuring N+1 or 2N redundancy at every tier. Our designs prioritize uptime, efficiency, and scalability for phased deployments.

Renewable Energy Integration

We evaluate on-site generation, PPAs, and grid-supplied renewables based on economics, reliability, and sustainability targets. Battery storage is modeled for demand charge mitigation and grid services revenue.

Risk Mitigation

We de-risk power projects through utility LOIs, phased infrastructure investment, backup generation design, and contract structures that transfer timeline risk to experienced EPC contractors.

Case Study

Keystone Power Access

A 300MW grid connection project enabling a hyperscale data center campus.

300

MW Total Capacity

18

Month Timeline

2N

Redundancy Level

Located adjacent to a major transmission corridor, Keystone provides dual-feed power access with utility partnership for phased expansion. The project includes substation upgrades, transmission line extensions, and on-site renewable integration.

By securing utility LOIs early and de-risking interconnection timelines, we enabled a hyperscale data center development that would otherwise face multi-year power access delays.

Let's build together.

We're building the infrastructure that powers emerging markets' digital future. Join us.

Hyperscalers
Pre-lease capacity
Institutional LPs
Co-investment opportunities
Utilities & EPCs
Strategic partnerships
Landowners
Site acquisition