For capital providers
A storage pro forma you can re-run.
Open the sponsor's pro forma, trace each input to the bill or rate schedule it came from, and run your own downside case.
For debt lenders, tax equity investors, tax credit buyers, and the funds and owners that buy projects.
What you can check
Diligence starts from the sponsor's model.
Every input names its source.
Each value from a bill, rate schedule, or meter file links back to the page it came from.
A re-run returns the same figures.
Engines are versioned, and each report records the version that produced it. When a number changes, the record shows which input or assumption changed.
See the revenue profile and the risk.
Multiple scenarios show how revenue changes and where the project is exposed. After the site operates, track actual results against the model.
Run the downside case yourself.
Sensitivities and downside cases run on the same engines as the base case. You do not need to ask the sponsor for a new file.
Read many projects on one basis.
Projects from different sponsors run on the same engines and the same rate library. That helps when you review a portfolio.
Model validation
A model your validator can sign off on.
Deterministic engines
A validator cannot approve a system that gives two answers to one question. Each figure here comes from a deterministic engine.
Machine reading stays at intake
Machine reading turns bills and meter files into inputs. Each value it reads links to its source page, and a person can check it.
We design to current model risk guidance. Read what the guidance means for storage underwriting.
Independence
We have no stake in the answer.
Utilyzed sells analysis only. We do not trade, we do not sell hardware or installation, and no fee moves with the result.
Next step
Bring one deal in diligence.
We show you the inputs, the sources, and the re-run.