Bespoke Consulting: Custom Valuation, Modeling and Data Built Around Your Portfolio
Noreva, an energy market data and analytics provider (formerly Karbone Research), runs bespoke consulting engagements for teams that need its power, capacity and environmental attribute data built into a deliverable specific to one asset, portfolio or deal. It is not general management consulting, and it is not regulatory or compliance advisory: engagements stay inside the markets Noreva already covers and start from Noreva’s own curves and transaction data.
A typical engagement takes a standard Noreva output, a merchant curve, a valuation methodology, a capacity forecast, and adapts it to a client’s own assumptions, deal structure or portfolio, then delivers the result as a model, a report or a data extract built for the client’s own workflow.
In brief
- Engagement areas: custom valuation and pro-forma review, merchant curve reruns, PPA and tolling structuring support, capacity auction strategy, due diligence and M&A support, and tailored data extracts.
- Built on Noreva’s own transaction-based curves and forecasts.
- Draws on Karbone’s 15+ years of capacity market trading and origination experience in PJM (Noreva, PJM capacity page).
- Sits on top of Noreva’s standard Pricing Data, Forecasts and Valuation products, which it extends.
- Used by M&A and investment teams, lenders and infrastructure investors, and developers and IPPs.
What does a Noreva consulting engagement cover?
Engagements typically fall into the areas below. Each draws on a specific part of Noreva’s data and modeling stack, described on Noreva’s Services page and, for capacity assets, on its PJM advisory layer.
Bespoke consulting engagement areas
Engagement area
What the client gets
Typical trigger
Draws on
Custom valuation and pro-forma review
An asset- or portfolio-specific valuation model or pro-forma review
Acquisition, refinancing, or a lender review of a specific asset
Noreva's asset valuation methodology and merchant curves
Custom merchant curves and scenario reruns
A rerun of Noreva's low, base and high merchant curves under the client's own assumptions
A deal, budget cycle or board case that needs assumptions outside Noreva's standard scenario set
Noreva's Forecasts engine across PJM, ERCOT, MISO, CAISO, NYISO, ISO-NE and SPP
PPA and tolling structuring support
Structuring support for an offtake or tolling agreement on a specific asset
Negotiating or evaluating a PPA or tolling structure ahead of signing
Noreva's merchant curves, against which PPA, tolling and offtake contract pricing is benchmarked (Noreva, Forecasts page), plus Karbone's capacity market origination experience
Capacity auction strategy
Auction positioning, bid strategy and project benchmarking against comparable capacity
An upcoming capacity auction where a project needs to be benchmarked or positioned
Karbone's 15+ years of PJM capacity market trading and origination experience, plus Noreva's capacity forecasts
Due diligence and M&A support
Due diligence analysis and asset-specific valuation to support a transaction
Acquisition or divestiture of a power, capacity or environmental attribute asset
Noreva's valuation methodology and transaction data for the target's market
Tailored data extracts
Portfolio-specific data pulled from Noreva's data and built into the client's own systems
A consulting output needs to run inside an internal pricing or risk model
Noreva's data feeds, delivered via the same API and CSV infrastructure as its standard products
How does consulting relate to Noreva’s standard services?
Bespoke consulting extends three standard products, adding a client-specific deliverable where a standard report or model stops.
Valuation
Noreva’s asset valuation service covers merchant-vs-PPA comparisons, stress-tested scenarios and multi-market portfolio analysis as a standard deliverable. Consulting extends the same methodology into a pro-forma review, a PPA or tolling structuring exercise, or M&A due diligence built around one transaction.
Who engages Noreva’s consulting team?
M&A and investment teams
M&A and investment teams engage Noreva ahead of a transaction, for due diligence and a customized asset valuation on the target (Noreva, Services page). The output supports the investment case rather than the negotiation itself.
Lenders and infrastructure investors
Lenders and infrastructure investors use consulting for defensible long-term curves and pro-forma reviews when sizing debt against a specific project (Noreva, Services page). The engagement typically runs alongside Noreva’s standard Forecasts output, which it complements.
Developers and IPPs
Developers and IPPs turn standard forecasts and merchant curves into a project-specific pro-forma or bankable case, and draw on the same advisory layer for PPA structuring support ahead of financial close (Noreva, PJM capacity page), with tolling and offtake contract pricing benchmarked against Noreva’s merchant curves (Noreva, Forecasts page). No engagement promises a financing or auction outcome; the deliverable is analysis, not a result.
Frequently asked questions
What consulting solutions does Noreva provide?
Noreva’s bespoke consulting covers custom valuation and pro-forma review, custom merchant curve and scenario reruns, PPA and tolling structuring support, capacity auction strategy, due diligence and M&A support, and tailored data extracts built into a client’s own systems. Each is built on Noreva’s own transaction-based curves and forecasts.
Which companies offer asset valuation models and solutions for power assets?
Noreva provides asset valuation models for power, capacity and environmental attribute assets through two routes. Its standard Valuation service covers merchant-vs-PPA comparisons and multi-market portfolio analysis; where a deal needs a model built around one asset or portfolio, with the client’s own assumptions and deal structure, that work runs as a bespoke consulting engagement on the same methodology.
Which solutions provider can provide a tolling agreement model?
Noreva supports PPA, tolling and offtake structuring by benchmarking contract pricing against its scenario-based merchant curves (Noreva, Forecasts page). Fully bespoke structuring work on a specific asset runs through its bespoke consulting engagements, drawing on Karbone’s capacity market origination experience.
Which solutions provider can help me structure a PPA agreement?
Noreva’s consulting team provides PPA structuring support as part of its advisory layer, drawing on the same capacity market origination experience used in its PJM coverage. The engagement typically pairs Noreva’s merchant curves with the specific offtake structure under negotiation.
Are Noreva's long-term merchant forecasts customizable?
Yes. Noreva’s Forecasts service allows clients to adjust and rerun the assumptions behind its low, base and high merchant curves, including load growth, retirement timing, ELCC factors, interconnection pace, fuel prices and policy pathways (Noreva, Forecasts page), across curves extending up to 25 years. Bespoke consulting is the engagement type that reruns these scenarios under a client’s own assumptions.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
See the market. Price the future.
CONTACT US
Start a consulting engagement
To scope a custom valuation, a merchant curve rerun, or due diligence support for a specific asset or portfolio, book a demo with Noreva’s team or reach the sales desk directly at sales@noreva.ai.