Investor Dashboard
Key financial KPIs at a glance — % against revenues in QuickBooks-statement style.
Revenue Mix · % of Top Line
Cost Structure · % of Operating Cost
Use of Funds · % of $40M Raise
Problem & Solution
Zero-capex PPA model with proprietary load-shaping AI
The Problem
Commercial and industrial buildings own ~30% of grid demand and are paying $0.09–$0.16/kWh while their rooftops sit idle. Self-financing solar is capex-heavy and ROI-uncertain; traditional PPAs lack storage and fail to address peak-shaving / time-of-use tariffs that drive 40% of the actual bill.
Our Solution
A zero-capex solar-plus-storage PPA platform — we own, install, and operate the system; the customer pays only for kWh delivered at 30–55% below grid. Proprietary load-shaping AI optimizes dispatch to maximize storage arbitrage, peak-shaving, and demand-charge mitigation.
Market Opportunity
$420B Distributed Energy TAM addressable today
C&I solar+storage segment $98B (2025) → $310B (2030) · 26% CAGR
20-year PPA contracts at $0.06–$0.085/kWh with annual escalator (~2%). Project IRR 14–18%; equity IRR 22%+ with leverage. Asset-light SaaS layer (load-shaping AI) sells separately to utility partners.
Financial Statements · % vs Revenue
QuickBooks-style readout — every line shown as percentage of its parent total.
Revenue Mix
| Revenue Stream | % of Revenue | Share |
|---|---|---|
| PPA Energy Sales | 70.0% | 70% |
| Storage Arbitrage / Grid Services | 15.0% | 15% |
| AI Software Licensing | 8.0% | 8% |
| O&M & Retrofit Services | 7.0% | 7% |
| Total Revenue | 100.0% | 100% |
Cost Structure
| Cost Line | % of Cost | Share |
|---|---|---|
| Project Finance Interest | 25.0% | 25% |
| O&M & Asset Mgmt | 22.0% | 22% |
| Engineering & EPC Oversight | 18.0% | 18% |
| BD & Origination | 15.0% | 15% |
| G&A | 12.0% | 12% |
| Insurance & Compliance | 8.0% | 8% |
| Total Operating Cost | 100.0% | 100% |
Use of Funds — $40M Raise
| Allocation | % of Raise | Share |
|---|---|---|
| Project Equity (lever 2:1) | 55.0% | 55% |
| Engineering & AI Software | 18.0% | 18% |
| BD & Origination Team | 15.0% | 15% |
| Working Capital | 8.0% | 8% |
| Regulatory & Permitting | 4.0% | 4% |
| Total Use of Funds | 100.0% | 100% |
Valuation, Capital Structure & Forward View
An investment is a bet on the forward plan, so a trailing snapshot isn't enough. These are derived from this report's own ask and projections — not external estimates.
Capital Structure & Funding
A blended equity + debt structure — this round layers a credit facility (loan / project / trade / inventory finance) on top of the equity cheque. That puts leverage, debt service and lender covenants into the capital structure: drawdown conditions and coverage ratios are first-order diligence items, not footnotes.
How to read these
Rule of 40 sums forward revenue growth and EBITDA margin — ≥40 is healthy; below it flags growth bought at the cost of profit. Capital efficiency is Year-5 revenue per dollar raised. Entry multiple divides the disclosed cap / pre-money / asking price by Year-3 revenue, shown only where disclosed (n/d = not derivable). Verify against primary diligence.
Traction & Proof Points
- 184 MW operational across 320 commercial rooftops · 12 countries pipeline
- $92M cumulative project finance closed across 3 facilities
- Customers report avg 38% kWh bill reduction · 99.7% uptime
Moat & Exit Strategy
Defensible Moat
Proprietary load-shaping AI lifts project IRR by 280–400bp vs static dispatch. Operating data from 184MW deployed creates feedback loops competitors with no fleet cannot reach. Project finance relationships with 8 lenders create lower cost of capital than new entrants.
Exit Path
YieldCo IPO at maturity, strategic sale to an infrastructure fund (Brookfield, BlackRock RealAssets, Macquarie), or platform sale to a utility — typically at 11–14x EBITDA on operating assets.
Key Risks
- Interest-rate sensitivity on project IRR — 100bp move = ~3pp IRR compression
- Regulatory shifts in net-metering and demand-charge tariffs
- Component cost volatility (battery cells, inverters) affecting EPC margins
When the Thesis Breaks
Read this before trusting the forward numbers. The case rests on operating leverage — revenue growth converting into a holding-or-expanding EBITDA margin. The fastest way it breaks: a period where revenue grows but EBITDA falls (margin compression).
If any of the Key Risks above materialise, the forward projections in this report should be treated as suspended until the model is re-underwritten. The single most material trigger to watch: Interest-rate sensitivity on project IRR — 100bp move = ~3pp IRR compression.