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ADVISORY
With you from first raise to exit
Independent commercial and capital-markets advice for clean tech businesses, projects and investors with a milestone to hit.
Clean tech teams rarely fail for want of good technology. They stall when the investment case, the commercial model or the route to scale isn’t clear enough for capital to commit, or when a funded team has a deadline and no one who has been there before. We have raised, scaled and exited businesses, and we work alongside a network of specialists brought in as each project needs them. We act for one side of any transaction, and we’re always clear about which.
The problems we work on ↓
Your project is ready, but the grid isn’t
For project developers and data centre operators.
Time-to-power
Connection dates now decide which projects get built, and grid reform is reordering the queue. We help you build a case that works on the date you can actually get, through siting, staging, storage or a private wire.
Questions we help you answer
What connection date can we realistically plan around, and how firm is it?
Would siting, staging, storage or a private wire close the gap, and at what cost?
How do we show lenders a case that still works on the later date?
Cheap power, if you can use it when it’s there
For flexible demand and storage developers.
Follow-the-wind
Grids switch off wind they cannot move, Scotland’s more than most, and flexible loads and storage can buy that power at low cost. The revenue is real but uneven, and investors need to see it stacked and contracted before they back it.
Questions we help you answer
How much of the curtailed wind near us could we realistically buy, and when?
Which revenue streams can we stack, and which of them can be contracted?
What will an investor need to see before backing a flexible load or storage project?
From engineering concept to investable project
For e-fuel, hydrogen and green chemicals developers.
Power-to-X
Most Power-to-X projects stall before investment because offtake, grid, certification or capital structure is missing, not because the technology fails. We test your project as a lender and an investor would, and show what to fix first.
Questions we help you answer
Which of offtake, grid, certification or capital structure is the weakest link?
How would a lender or investor score this project today?
What should we fix first to be ready for a funding round?
Clean only counts if you can prove it
For exporters, their lenders and their buyers.
Proven-at-source
Carbon border charges in the EU and, from January 2027, the UK put a price on emissions you cannot evidence. We help exporters and lenders turn clean power into certified value that buyers will pay for and banks will lend against.
Questions we help you answer
Which of our exports face carbon border charges, and from when?
What evidence do buyers and lenders actually accept?
How do we turn certified clean power into a better price or cheaper finance?
Deals that repeat, not projects built once
For infrastructure investors, funds and public lenders.
Plug-and-scale
Investors want platforms that replicate across sites, but many clean tech companies are still organised as single projects. We screen opportunities before you invest and support portfolio companies afterwards, from diligence to the board.
Questions we help you answer
Does this opportunity repeat across sites, or is it a one-off project?
What would we want to see in diligence before investing?
How should a portfolio company be set up so the next deal is easier?
How we help
Investment and FID readiness
Investment cases, financial model challenge, capital structure, lender and investor questions.
Commercial strategy and scale-up
Offtake strategy, partnerships, routes to market and the commercial model that lets a business grow site by site.
Capital raising support
Many clean tech businesses are set up as single projects, not as platforms investors can scale. We help you build an investment proposition from the ground up, from unit economics to a full scale-out plan, then the equity story and data room that take it to market alongside your corporate finance advisers.
Market and policy insight
Clean tech theme screens, policy risk and the Electro-State research, for investors, corporates and public bodies.
Investor support
Commercial and offtake diligence before you commit, hands-on support after you invest, and experienced board members for portfolio companies.
Every engagement starts with a conversation about what stands between you and your next milestone.
Where it helps, we stay on afterwards, as an adviser or on the board, through construction, the next raise and beyond.