Solution · Investment Due Diligence

Data center diligence, grounded in queue data.

Every data center deal lives or dies on power. Pinehaven Ventures gives institutional investors, lenders, and IC committees a defensible read on interconnection position, capacity headroom, and timeline credibility — for every ERCOT deal in your pipeline.

Why power diligence matters

The interconnection assumption is usually the riskiest line in the model.

Data center sponsors quote energization dates with confidence. The ERCOT queue often tells a different story. Pinehaven Ventures gives your IC the independent data needed to test those assumptions — not after wire, but before term sheet.

Diligence questions Pinehaven helps you answer.

Is the queue position real?

Verify the project ID, MW request, study group, and current status against ERCOT’s actual filing record. Catch substitutions and re-filings.

Is the timeline credible?

Benchmark the sponsor’s energization date against comparable filings of similar size in the same TSP territory over the past five years.

How much MW competes for the same headroom?

Quantify other large-load filings in the same county, TSP, and substation. Capacity is finite — overbooked nodes face longer timelines.

What is the cancellation rate of comparable projects?

Historical attrition rates by project type, sponsor type, and MW class. AI/hyperscale, crypto, and industrial loads attrite very differently.

How exposed is the asset to load curtailment?

TSP-level data center load density, system stress events, and recent ERCOT operational notices that bear on the target asset.

What does the comp set look like?

Comparable projects, sponsors, and outcomes — filtered by region, MW, and project type — to anchor diligence narrative and pricing.

Who uses it

Built for the people closing the deals.

Infrastructure private equity

Validate every data center investment thesis with independent queue and TSP data. Add a defensible power section to the IC memo.

IC memosDeal screeningPortfolio monitoring

Credit & project finance

Stress-test sponsor energization assumptions and surface refinancing risk tied to queue movements during the construction loan window.

Credit memosCovenant monitoringRefi risk

Hyperscale tenant teams

Vet developer counterparties before signing a 15-year power-tied lease. Confirm the interconnection story matches the data.

Site approvalCounterparty riskVendor onboarding

What you get

Audit-ready data packages, not screenshots.

Project-level queue history with dated revisions
TSP capacity utilization and headroom by substation class
Comparable filing analysis with cancellation rates
Custom diligence reports for IC and board distribution
API endpoints for integration with internal models
Annual subscription includes unlimited diligence requests

Run diligence on your next deal with confidence.

Power Digital is the institutional license behind every diligence workflow we serve. $10,000/year, unlimited users, unlimited diligence requests.