We take early-stage power
and data centre projects
to institutional capital.
An advisory boutique for developers and lenders. We buy and sell data centres, raise sponsor, debt and tax equity capital for solar and storage, and clear the permitting and utility risk that keeps good projects from getting funded.
- Permitted campus
- 600MW
- Developed and sold
- 650MW
- Capital raised
- $55MM+
Greensville County data centre campus, taken through county entitlement.
Solar and storage developed across PJM, with over 400 MW sold to owners and IPPs.
Private credit and development capital, on our own projects before anyone else's.
Too many projects, not enough that an investment committee can actually underwrite.
There is no shortage of early-stage solar, storage and data centre projects. There is a shortage of projects that have retired their binary risks - the ones that do not get priced, only cleared. A project either has interconnection or it does not. It either has a county behind it or it does not. It either has water and gas or it does not.
Institutional capital cannot bridge that gap, and most developers cannot staff it. That space between a control position and a bankable asset is the missing middle, and it is where HIA works.
Three mandates, run by people who have been the developer.
We are not a research desk. Every mandate is staffed by people who have originated, permitted, financed, built and sold the same assets our clients are trying to move.
M&A advisory
Buy-side and sell-side for data centre campuses, powered land and operating renewable portfolios.
- Sell-side processes for sites, campuses and platforms
- Buy-side origination and diligence for funds and strategics
- Powered-land and shell-to-turnkey transactions
- Portfolio carve-outs and development-stage asset sales
- Valuation, bid evaluation and negotiation support
Capital formation
Raising the full stack for solar, storage and digital infrastructure developers.
- Sponsor and platform equity
- Development capital and pre-NTP bridge facilities
- Senior, mezzanine and construction debt
- Tax equity and transferability structures
- Lender and investor materials, model review, data room
Permitting & utility engagement
The work that actually clears the binary risk, run in-house rather than referred out.
- County and municipal entitlement strategy
- Power, water and midstream gas utility engagement
- Interconnection and load-service applications
- Schematic and conceptual site design
- Community outreach and public hearing support
Most projects die at the county, or at the utility.
Financing problems are usually permitting problems wearing a suit. We run the entitlement and the utility engagement ourselves, because the answers determine whether a project is financeable at all.
County & entitlement
- Jurisdictional screening - zoning posture, comprehensive plan fit and precedent in the county
- Rezoning and special use - application strategy, proffers and negotiated conditions
- Schematic design - conceptual site layout, buildings, substation and setbacks for hearing packages
- Studies and exhibits - traffic, noise, visual, stormwater and the exhibits a board actually reads
- Hearings - staff engagement, planning commission and board of supervisors through to approval
Utility engagement
- Power - load-service requests, ESA negotiation, interconnection queue and upgrade exposure
- Midstream gas - lateral capacity, interconnect agreements, easements and behind-the-meter generation
- Water - supply and discharge commitments, cooling demand, municipal and well-based options
- Speed to power - bridging options where the grid timeline is longer than the tenant's
- Coordination - one team across all three utilities, so the schedule holds together
The platform behind the advice.
HIA is the advisory arm of the Hodson platform. The same team originated and developed roughly 650 MW of solar and storage across PJM, raised over $55 million of private capital against it, and sold more than 400 MW on to owners and independent power producers.
On the digital infrastructure side, the team permitted the 600 MW Greensville County data centre campus in Virginia and continues to develop and permit data centre projects alongside Truss Energy. That work is why we understand what a hyperscaler diligence list looks like, and why a neocloud's timeline is not the same as a utility's.
Who actually takes the power, and what each one needs to sign.
A project is only as financeable as its counterparty. We position an asset against the offtaker most likely to clear it, and we shape the contract to what that class of buyer can approve.
Six weeks from first call to a position we can take to market.
We take a small number of mandates at a time. If a project cannot be made financeable we say so in week one rather than run a process that will not clear.
Screen
A short call and a document list. We tell you plainly whether the binary risks are clearable, what the realistic timeline is, and whether we are the right people for it. No fee.
Diagnose
Two weeks on the specific items standing between the project and an investment committee - queue position, entitlement posture, utility commitments, offtake, model integrity. You get a written risk register whether or not we go further.
Clear
We take the work on: county strategy and hearings, utility engagement across power, gas and water, schematic design, and the diligence package. Priced as a retainer against a success fee.
Transact
Sale, capital raise or both. Targeted outreach to the buyers and lenders most likely to clear this asset, a managed process, and negotiation through to signing.
Send us the project you cannot get funded.
Developers, sponsors, lenders and funds. Tell us the asset, the stage and the item that is blocking it. We respond within two working days, and we will tell you honestly if the answer is no.