Expertise Market Advisory and Valuation

E3 values and assesses energy assets and advises the investors, developers, and utilities buying, selling, and financing them. We forecast the revenue an asset will earn, value portfolios and companies, and run buy-side and sell-side diligence on a wide range of asset classes ranging from renewable and thermal generation to energy storage, distribution energy resources and transmission. We also assess and value power access for large energy users, like data centers. Our valuations often rest on the same market fundamentals and price forecasts we develop across North American power markets, which gives clients an independent read grounded in system fundamentals against the backdrop of a rapidly changing environment.

For merchant generation and energy storage, we model dispatch and forecast energy, capacity, and ancillary revenues, and separate what is contracted from what is exposed to the market. For a regulated utility, we assess rate base, authorized returns, the regulatory climate, and customer affordability. For gas pipelines and low-carbon fuels, we build load and resource balances and weigh supply, demand, and the contracts behind the asset. On the buy side, this often takes the form of a review and analysis that tests a seller’s projections against E3’s own market and regulatory views. Our competitive differentiation arises from our analytical rigor and technical capabilities combined with a commitment to transparency and true subject matter expertise on the topics that can directly impact the value of an asset, portfolio, technology, and/or company. This expertise arises both from the work E3 performs across the firm as well as the diverse set of projects that are performed by individual consultants.

Beyond individual transactions, we advise on strategy: sizing new markets, weighing offtake and procurement options, and shaping fund and corporate positioning. Because we work across the whole sector and for every side of the market, our read on an asset rests on a consistent and transparent view of the fundamentals whether the client is a buyer, a seller, or a lender. This work spans private equity and infrastructure funds, pension funds, project developers, hyperscalers, data centers, and utility holding companies, and has supported billions of dollars of successful investment.