EXPERTISE
Asset Valuation and Markets

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E3’s Asset Valuation and Markets practice leverages decades of experience and insight across all our practice areas to help clients identify market opportunities, quantify future revenue streams, and make investment decisions. We support the full spectrum of market players – from large utility holding companies and multi-billion-dollar private equity firms to leading developers, financiers, and technology companies – and our investment-grade, bankable analyses have supported billions of dollars of deployed capital.

Services Offered

Forecasting

  • Energy, Capacity, and Ancillary Services Prices for CAISO, ERCOT, ISO-NE, MISO, NYISO, PJM, SPP, and Non-ISO Markets (Pacific Northwest, Southwest)
  • Asset Revenue Forecasts (Storage, Solar, Wind, Hydropower, and Gas)

Transaction Support

  • Red Flag Analysis / Due Diligence
  • Carbon Intensity Analysis
  • Benefit-Cost Analysis
  • Contract Analysis
  • Market and Regulatory Advisory

Strategy

  • Market Sizing and Entry
  • Offtaker Analysis
  • Go-To-Market Advisory
  • Fund Strategy
  • Corporate Procurement Strategy

Recent Project and Transaction Examples

E3 acted as market advisor to KKR on the establishment of its $2 billion strategic partnership with Hannon Armstrong Sustainable Infrastructure Capital, Inc. (HASI)

Key market and strategic advisor to Macquarie Infrastructure and Real Assets / Ontario Teachers’ Pension Plan consortium in
their investment into Puget Sound Energy

Key market and strategic advisor to Ontario Teachers’ Pension Plan in their acquisition of certain NextEra assets

Key market and strategic advisor to Amber Infrastructure Group in their investment in low carbon fuels (RNG and ethanol)

Key market and strategic advisor to Generate Capital in their investment in a battery energy storage platform (esVolta)

Hydrogen emissions accounting analysis for the American Council on Renewable Energy (ACORE)


Recent Clients

  • BHE Canada
  • Brookfield
  • Calpine Corporation
  • Capital Power
  • Clearway Energy
  • Cypress Creek Renewables
  • EDF Renewables
  • Grid United
  • Mitsubishi Americas
  • NextEra Energy
  • NRG
  • Onward Energy
  • Pattern Energy
  • Recurrent Energy
  • Repsol
  • RWE
  • TransAlta
  • Voltus
  • Amber Infrastructure Group
  • Blackstone
  • Canadian Infrastructure Bank
  • Canadian Pension Plan Investment Board (CPPIB)
  • Energy Capital Partners (ECP)
  • Generate Capital
  • Global Infrastructure Partners (GIP)
  • InfraRed Capital
  • iSquared Capital
  • John Hancock
  • Kohlberg Kravis & Roberts (KKR)
  • Maquarie Asset Management (MAM)
  • OMERS
  • Ontario Teachers Pension Plan (ORPP)
  • Power Sustainable 
  • Rockland Capital
  • Sixth Street Capital
  • The Carlyle Group
  • British Columbia Ministry of Energy, Mines, and Low Carbon Initiatives (EMLI)
  • Canadian Electricity Agency (CEA)
  • Equinor
  • Stem
  • Various Confidential Technology Sector Clients

Our Expertise

We Are Subject Matter Experts In:

  • Behind-The-Meter (BTM), Distributed Energy Resources (DERs), and Electric Vehicles (EVs)
  • Low-Carbon Fuels (Including Hydrogen)
  • Energy Storage
  • Onshore Renewables
  • Offshore Wind
  • Transmission

  • Market-Specific Analysis
  • Price and Revenue Forecasting
  • Contract Analysis
  • Transaction Diligence
  • Utility Strategy Support


Contact Us

Kush Patel

Senior Partner

kushal.patel@ethree.com

Full Bio & Contact

Lakshmi Alagappan

Partner

lakshmi@ethree.com

Full Bio & Contact



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