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We read the public record more carefully than the next person.
The Tokenization Readiness Score weights development stage and financial structure ahead of technology and geography because money follows bankability, not narrative. Every project we surface gets the same treatment as Issue #001 — sponsor, location, capacity, EPC, OEM, permit status, interconnection phase, PPA status, projected COD, source provenance, TRS — all visible so you can judge for yourself.
- Development stage30
- Financial structure20
- Technology15
- PPA / offtake12
- Geography06
Pillar pages
Deeper dives into the frameworks and regions our weekly issues build on.
Tokenization Readiness Score
A five-dimension underwriting lens — Development Stage, Financial, PPA, Technology, Geography. Built around bankability, not narrative.
Distance to Bankability
Standard deviations of expected NPV above the financing threshold. Borrowed from the credit literature; adapted to power infrastructure.
The Reeves Corridor
Roughly 3 GW of net-new gas under five active LLCs. Why the cluster matters more than any single project.
How we read ERCOT
Interconnection queue, milestone updates, withdrawal patterns — what the public record reveals once you assemble it.
Archive
- 2026-05-10 — Launch
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Weekly. Pre-tokenization energy infrastructure. Public records over speculation.
An independent intelligence publication for the people building the next layer of energy infrastructure.
We track pre-tokenization energy infrastructure 12 to 24 months before the market notices. Our voice is precision: no hype, methodology visible, money implications explicit, decimals over rounded numbers, public records over speculation.