26/10/2026
A strong project alone no longer gets funders' attention.
Before they commit serious time to an opportunity, the funds we're speaking with are focusing on four questions:
• Power: Is the required capacity available, secured, and realistically deliverable?
• Feedstock: Is supply contracted, reliable, and sufficient for the project economics?
• Offtake: Who is buying the output, on what terms, and how bankable is the agreement?
• Planning: Is the project permitted, progressing through planning, or still dependent on major approvals?
Technology, the management team, and the financial model all matter too. But if power, feedstock, offtake, and planning are still largely unresolved, many institutional investors will see the opportunity as too early.
For developers, the takeaway is simple: the more of these risks you resolve before approaching capital, the stronger your negotiating position.
