For investors
Valuation and modelling of energy assets:from stand‑alone projects to advanced hybrid systems.
For Whom
Investors, developers, infrastructure funds, asset owners and entities preparing a project for financing or a transaction.
When It Helps
Before an investment decision, before acquiring a project, before talks with a financing institution, and when assumptions are updated or the commercial model changes.
What You Get
An independent project valuation, a better understanding of its value and risk, and a stronger basis for the investment decision and financing discussions.
Revenue modelling andaggregator verification
We reject simplified forecasts. We feed the project into our proprietary Sentinel Benchmark engine, which reproduces the revenue logic and the actual operating profile of the asset.
The system simulates the operational dispatch of the energy storage facility, allocating power and energy between the Day-Ahead Market (DAM), the Capacity Market and ancillary services. We account for obligations under PPAs and floor-type mechanisms, as well as connection conditions, export and import constraints, capacity availability and curtailment risk.
The system simulates the operational dispatch of the energy storage facility, allocating power and energy between the Day-Ahead Market (DAM), the Capacity Market and ancillary services. We account for obligations under PPAs and floor-type mechanisms, as well as connection conditions, export and import constraints, capacity availability and curtailment risk.
EFFECT FOR THE INVESTOR
A reliable picture of revenue sources and a better assessment of the quality of the trading strategy.
Degradation physics andCAPEX dynamics
Financial valuation does not exist without the electrochemistry of cells and the phenomena that take place during storage operation.
Our Sentinel Degradation Engine (SDE) model precisely maps the generated trading strategy onto non-linear cell ageing models, taking the manufacturer's warranty into account. We determine the loss of usable capacity (SoH) and the optimal schedule of replacement spending (Augmentation CAPEX) so as to meet the requirements of signed contracts, e.g. capacity contracts.
EFFECT FOR THE INVESTOR
A better understanding of how the physics of the asset affects project value and future replacement spending.
Scenario architecture andhidden risks
We analyse the project across multiple scenarios, showing how a change in key assumptions affects its value, resilience and bankability.
We analyse the project through a prism of diversified variants, separating the maximum investor potential (Upside) from conservative debt requirements (Downside). This delivers a reliable and objective valuation for investors while increasing project acceptability in the subsequent financing process. We also include scenarios in which operational deviations, lower availability or a faster pace of degradation worsen the project's risk profile. We also examine the fundamental resilience of the asset to market saturation and to declines in ancillary service prices.
EFFECT FOR THE INVESTOR
A better understanding of the limits of the project's potential
and of the risks that genuinely affect its value.
Stress tests andproject resilience
We check how the project behaves under extreme conditions with a conservative and adverse set of assumptions.
We put the project through a matrix of proprietary stress tests verifying the limits of project profitability. The output is a deterministic Resilience Case — the ultimate survival scenario and a hard argument in talks with financing institutions, confirming the resilience of the collateral in the event that critical market or operational cliffs converge.
EFFECT FOR THE INVESTOR
Knowing whether the project also holds up under more difficult conditions, not only in the base case.
What the investor receives
DCF MODEL AND INDEPENDENT BASE VALUATION
A DCF model that organises project assumptions and shows its real economic potential.
NPV, IRR AND KEY PROFITABILITY INDICATORS
A clear assessment of project value and of the parameters supporting the investment decision.
SCENARIOS AND STRESS TESTS
Analysis of project behaviour under different market and operating conditions and identification of the limits of its profitability.
READINESS FOR FINANCING AND TRANSACTIONS
Investment materials, financing structure and support for talks with banks and investors.
The investor receives complete material for the investment decision and project financing process.Investors receive material on which to base their investment decision. They see not only the project's potential but also its real resilience to market, technical and operational conditions.
See who stands behind the models and analysis.See who stands behind the models and the analysis.
Get to know the team and the Envalis approach.Get to know the team and the Envalis approach.
Discover Envalis