TRACKING A DIVERSE, GLOBAL INDUSTRY
Power generation is needed in every corner of the world, utilizes diverse technologies, and now requires a decarbonization strategy. These decarbonization strategies are now an integrated, vital component of the power generation industry, and so McCoy now follows the greening of the hydrogen / ammonia industry, the energy storage technology markets, and carbon capture technologies, in addition to the power generation equipment of thermal, hydro and nuclear markets.
WHEN A PROJECT IS DOCUMENTED:
Power gen projects follow a uniform practice of implementation: isolating the need, financial and engineering feasibility analyses, fuel considerations, technology selections, environmental and regulatory reviews, equipment bid processes, financial closure, construction, and commercial operability. The financial closure is a unique point in time when all stakeholders (capital providers, engineers, equipment manufacturers, regulators, and power purchase entities, among others) have agreed to the basic terms of the project, and the capital providers sign documentation accepting the financial risk and limited legal liability for the project (Capital Formation). McCoy works with the project stakeholders (i) to understand when Capital Formation has occurred and (ii) to capture the relevant project data for each project.