FOR PROJECT FINANCE LENDERS

Your $20M is in the ground. You're trusting a spreadsheet.

After the IE snapshot, you have no third-party visibility into asset performance. The operator self-reports quarterly. BatteryPassport gives you continuous, verified data for covenant compliance - degradation curves, capacity trending, revenue verification, and remaining economic life estimates.

Discuss Covenant Integration See the Methodology

THE VERIFICATION GAP

You compensate for what you can't see.

Higher DSCRs. Wider spreads. Shorter tenors. Conservative maintenance reserves. These are rational responses to performance uncertainty - but they cost money on every deal.

1.35x → 1.20x

DSCR Requirement (Modeled)

Verified degradation data justifies lower coverage ratios. The gap between 1.35x and 1.20x is real capital locked in reserve.

25-50 bps

Spread Improvement (Estimated)

Solar monitoring saw 40-60 bps improvement when third-party data became standard (2015-2018). BESS has the same structural gap today.

~6:1 ROI

Developer Return (Modeled)

$35K/yr certification vs ~$260K/yr in improved financing terms. The developer pays. The improvement flows to your credit model.

These are modeled estimates, not validated results. We have zero track record with lenders today. We are pursuing DNV methodology review for independent validation and designing a pilot program to generate the first real data points. Honesty about this is part of the value proposition.

MODEL IMPACT

What changes in your credit model.

BatteryPassport replaces conservative assumptions with continuous, third-party verified performance data. Here is what that looks like in your underwriting.

Parameter	Without Certification	With BatteryPassport
DSCR requirement	1.35x	1.20x
Spread	+275 bps	+225 bps (-50 bps)
Maintenance reserve	Worst-case degradation	Verified degradation curve
Tenor confidence	7-10 years	12+ years with verified data

Estimates modeled from a 50 MW / 200 MWh worked example (50 bps base case). Full sensitivity analysis in our methodology. Spread improvement numbers are hypothesis, not validated. Reference: solar monitoring delivered 40-60 bps when third-party data became standard (2015-2018).

WHAT YOU RECEIVE

Reports designed for credit files, not dashboards.

BatteryPassport delivers on the cadence your credit process already uses. Monthly summaries. Quarterly DSCR-relevant metrics. Annual full assessments.

MONTHLY

Performance Summary

Capacity trending, availability metrics, anomaly flags. Matches your monthly covenant monitoring cadence.

QUARTERLY

Certification Report

Degradation curve vs manufacturer spec. Revenue verification by stream. DSCR-relevant metrics. Warranty compliance status. PDF/A-3 with embedded machine-readable data.

ANNUAL

Full Assessment

Remaining economic life estimate (P50/P90). Year-over-year degradation analysis. Forward-looking capacity projections. Designed for credit committee review.

When the warranty provider disappears, what's left? Powin deployed 17 GWh globally before filing Chapter 11. Independent performance records are the only protection when OEM warranties become uncollectable.

HOW IT WORKS

Independent. Tamper-evident. Reproducible.

Every data point is cross-referenced through a 10-check physics validation pipeline and cryptographically signed. Neither the operator nor SynthGrid can alter a record after the fact.

DUAL TELEMETRY

Two independent data sources

Grid-side meter and asset-side BMS data are collected independently and cross-referenced. No single source can fabricate performance. Read-only access - no control, no commands, no interference with operations.

PHYSICS VALIDATION

10 conservation-law checks

Energy balance, power factor consistency, thermal modeling, degradation rate bounds, and six more checks rooted in physics constraints that cannot be gamed. Published methodology, fully reproducible.

CRYPTOGRAPHIC SIGNING

Tamper-evident attestation records

Each attestation is Ed25519 signed with SHA-256 content hashing. Chain-of-custody documentation designed for adversarial proceedings. The record is the evidence.

ISSUER-PAYS MODEL

The developer pays, not the lender

Same structure as credit rating agencies. $35K/year flat rate (early adopter pricing). Built into the developer's pro forma. The financing improvement exceeds the certification cost at 25 bps and above.

HONEST POSITIONING

We know what adoption requires.

Lenders adopt new data sources through three paths: a peer lender uses it first, a recognized IE firm endorses it, or a risk committee directive requires it. We are working toward path two.

WHAT WE HAVE

Working validation pipeline

10-check physics validation engine. 870+ automated tests. Open, published methodology. Ed25519 cryptographic signing. Running on simulated data. Zero paying customers yet.

WHAT WE'RE PURSUING

Independent methodology review

DNV methodology review for independent validation of the physics pipeline. Pilot program design to generate the first real-world data points. The goal is to earn credibility, not claim it.

Your $20M is in the ground. You're trusting a spreadsheet.

You compensate for what you can't see.

What changes in your credit model.

Reports designed for credit files, not dashboards.

Independent. Tamper-evident. Reproducible.

We know what adoption requires.

We're not selling. We're validating.

Platform

Engage