Our power project development services leverage decades of technical experience and commercial savvy to develop projects that anticipate market demand well ahead of when they’re needed, such as energy storage and fast-start/fast-ramp reciprocating engines, providing a first-mover advantage to their clients. Unlike most developmental groups that outsource virtually every task, Tangibl has the capability to self-perform key functions such as site identification and control, contract negotiations and electric transmission network analysis. Our technical team will scope, schedule, and estimate a constructible project that creates value for the ultimate owner and we work with clients both big and small, from municipal utilities to private equity, to find project opportunities that fit each clients needs.
We provide a full range of commercial, regulatory, asset management and other professional services. Our team possesses extensive knowledge and experience in the power and utility sectors. By assuming the representation and management role of assets our commercial team will strive to create value for the ultimate owner.
While our technical team scopes, schedules, and estimates a constructible project our commercial team will structure fuel, offtake and participation agreements and will provide owners of operating assets with representation, transaction due diligence and support, as well as, contract review and optimization services.
Tangibl has extensive experience and expertise providing regulatory affairs and interconnection support services in several ISO/RTOs across North America, with a particular expertise and depth of experience in PJM. Tangibl’s interconnection support services include performing network analyses ahead of project queue submission to help optimize project site location, performing and assisting with all aspects of project queue submission, review and analysis of all study reports, and working with ISO/RTOs and Transmission Owners on all issues that arise during the study process through execution of an interconnection agreement. Tangibl’s regulatory services include the monitoring of all relevant ISO/RTO committees and working groups, serving as a client’s ISO/RTO stakeholder representative and advocating for clients on specific issues when requested, and supporting client relationship with ISO/RTO organizations and other ISO/RTO stakeholders. Also, Tangibl will complete specific regulatory research projects upon request, and follows relevant FERC regulatory matters as they apply to client needs and interests.
Tangibl was an active participant and leader in the PJM Interconnection Process Reform Task Force (IPRTF) that recently approved a solution package to institute needed reforms to PJM’s interconnection process, which will now be filed at FERC for final approval. Tangibl utilized its substantial experience and expertise with the PJM interconnection process to advocate for solutions that balanced the needs of PJM Project Developers on issues such as site control, transition process, and allowed project modifications, with the goal of coming up with a more efficient, timely and transparent PJM interconnection process in the future.
Tangibl provided technical guidance and project support to a large distribution utility in the northeastern U.S. for battery energy storage pilot project mandated by state environmental regulator. We assisted with site selection and specification of power and energy configuration, and managed RFI and RFP processes for selecting a turnkey provider of the battery energy storage system.
If you have a project that you believe is a good fit for our capabilities, please contact us. We can schedule an exploratory conversation to better understand your needs and together determine how best to serve you.