Independent standard for energy storage financial models.
Independent standard for energy storage financial models.
From storage physics to NPV, IRR and a bank-ready model, with scenarios and stress tests.
From storage physics to NPV, IRR and a bank-ready model, with scenarios and stress tests.
Challenges of the transition and of modelling
- The renewables capacity barrier - renewable generation is increasingly out of sync with demand, producing negative prices and rising curtailment.
- A necessary condition - an effective transition of the energy system is not possible without the integration of large-scale energy storage.
- Active management - a storage asset is not a passive one — its real value stems from precise operational decisions (dispatch).
- Real risk - simplified models often fail to reflect actual asset behaviour, technical constraints, degradation and market risk, thereby distorting projected cash flows.
Without integrating physics, market and operations, a financial model is theoretical and indefensible.Without integrating physics, market and operations, a financial model is theoretical and indefensible.
Modelling of energy projects
We analyse energy assets in any configuration and at every stage of their life cycle.
Valuation and audit of existing assets
Valuation of operating PV installations and wind farms. Re-modelling of cash flows for value optimisation, M&A processes and the redetermination of collateral value for financing institutions.
Valuation and strategy modelling
Comprehensive financial models for storage projects and hybrid configurations. We incorporate precise generation profiles and energy off-take characteristics (load profiles of factories and industry).Comprehensive financial models for storage projects and hybrid configurations (PV, Wind, CHP). We incorporate precise generation profiles and energy off-take characteristics (load profiles of factories and industry).
Aggregator strategy and performance review
Independent verification of whether the route-to-market partner actually converts market potential into revenue. We benchmark the asset's actual results against PolBESS and the market ceiling, identifying the gap between available and realised revenue and its sources: trading strategy, execution quality and delivery risk.
Bess sizing and configuration optimisation
Selection of BESS power, capacity and operating mode to maximise project NPV, taking into account the revenue profile, operational constraints and manufacturer warranty terms.
Valuation of contract structures and revenue resilience
Assessment and comparison of PPA, tolling and floor+share structures in terms of their impact on IRR, NPV, bankability and resilience of cash flows under market and stress scenarios.
Bess benchmarking and revenue index
Publication of the PolBESS index and calculation of a reference benchmark (shadow model) for a specific asset — an independent reference point for a project's results and revenue potential.
Corporate finance support and M&A processes
Preparing the project for an investment or transaction process, including investor materials, the financial model and the project finance structure.
We work as an independent layer between the project and the decision.
Our values
Transparency
We openly disclose the assumptions, data and logic of the assessment.
Diligence
We base conclusions on data, methodology and care, not on shortcuts.
Independence
We provide objective judgement, free from pressure and conflicts of interest, with respect for a clear separation of roles.
Accountability
We take responsibility not only for the quality of the assessment, but also for the weight it carries in the decision.
A transparent, independent and defensible assessment, built on due diligence, not on a model alone.A transparent, independent and defensible assessment, built on due diligence, not on a model alone.
Choose a path tailored to your role
Investors and financial institutions face different decisions. See how we work in your case.