We find powered land, establish what it can deliver and on what date, and prepare it for the company that builds on it.
Seven stages, in the order they run. Each one ends in something you hold: a number you can defend, a power path with dates, a structure, a site a company can build on.
Powered land moves through industrial owners, miners, utilities and operators long before it reaches a broker. We work those channels directly, and we read operating records.
You leave with off-market candidates, screenedQueue position and study status, feasibility through system impact through facilities, and whether an interconnection agreement exists or is still a request. Firm capacity against nameplate. The gas and water a load of that size needs, the substation headroom, and what the position is worth to which class of tenant. Where a site falls short, the gap gets named and priced.
You leave with a bankability readGround lease, powered-shell lease, outright sale, or a joint venture with the owner carried. What the owner keeps, what they give up, and which milestone gates which decision. The structure sets the economics for a decade, and it is agreed before the first term sheet.
You leave with the structure and the sequenceThe constraint on new AI capacity is a live, high-capacity connection to the grid. We establish what a connection delivers firm, who holds it, which tariff schedule it sits on, and what the demand charges and minimum-take terms actually cost at that load factor. Where the grid date is late, on-site generation and storage carry the bridge, priced through PPAs and costed with curtailment and flexibility in view from the start. Power readiness is proven before tenant diligence opens.
You leave with megawatts with dates a lender can underwriteZoning, annexation, the abatement and the conditions attached to it, plus the water, traffic and noise questions a county will ask before it votes. A site is not buildable because the power works; it is buildable when the jurisdiction has agreed what can go there and on what terms.
You leave with a site the county has already looked atThe site positioned for the demand that fits it, and a data room built to the questions a buyer's committee asks, in the order it asks them: pricing, term, SLA, credit. We came from that side of the table, which is how we know the order.
You leave with a data room built to a buyer's diligenceDebt at this scale is raised against contracted revenue, not against the owner's balance sheet. That shapes the offtake: tenor, counterparty credit, escalators, take-or-pay floor and the coverage ratio a project lender will underwrite to. It gets checked while the terms are still open.
You leave with an offtake a lender can fund againstFive things, in roughly the order they come up.
Powered land reaches the open market late, if it reaches it at all. A broker earns nothing on a site that is not for sale, large developers only staff large deals, and the utility that knows who has capacity to spare would rather sell a new connection. Whether a site is listed matters less than whether its power holds up, and we look at both.
The megawatts in the headline are what the equipment was rated for, not what the grid will deliver on a Tuesday in August. The gap is where most of the disappointment lives.
An interconnection is not always an asset of the land. It can sit with the operating company, the previous owner, or an entitlement nobody can actually claim.
Tax treatment, moratoriums and utility rate cases move faster than a build. A site can be fine on Monday and uneconomic by the time the legislature rises.
Five to seven years for a new connection in a primary US market. That wait is what gives an existing connection its value, and it is why a site worth having is usually spoken for before it is ever listed.
Tell us what you are looking for, or what you hold. A first read comes back within two business days.
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