Innovative Blended Financing Model
How do we reduce the barrier to entry for port electrification?
The most prominent barrier is the substantial upfront investment required for both shoreside facilities and vessel retrofits. Equipping ships and retrofitting berths can cost millions of dollars. This high capital outlay contributes to a “chicken-and-egg” dilemma: ports are hesitant to invest without a guarantee that ships will utilize the technology, while shipowners are reluctant to retrofit their vessels if shore power is not widely available, leading to a stalemate.
Our core competitive edge is the ability to offer a true “no-CAPEX” solution to ports by strategically combining public grants, concessional loans, and private capital. This significantly lowers the barrier to adoption compared to traditional infrastructure projects. This is project-specific financing for each SPaaS installation made up of:
Public/Concessional Capital
Aggressively pursue government grants (federal, state, local), low-interest loans from green banks or development finance institutions (e.g., EIB, World Bank), and potentially proceeds from green bonds. This capital will de-risk projects, reduce the overall cost of capital, and cover a significant portion of the infrastructure development.
Private Debt (Project Finance)
Secure non-recourse or limited-recourse debt from commercial banks or infrastructure lenders, collateralized by the long-term service contracts with ports and the predictable MWh revenue streams.
Private Equity / Infrastructure Funds
Partner with specialized funds that invest in long-term infrastructure assets, providing equity for the project-specific Special Purpose Vehicles (SPVs) established for each shore power installation.