Advisory and Development at the intersection of energy and compute markets.

End-to-end development and commercial expertise across the energy–compute stack — from site, interconnection, and powered-land and gas infrastructure development to compute markets, energy procurement and offtake, capital formation, and M&A.

What We Do

From capital to molecules or electrons to compute — and the commercial frameworks and infrastructure that connect them.

Site, Interconnection & Powered-Land Development

Front-of-the-meter and behind-the-meter site and powered-land development — grid access and interconnection, generation and storage integration, and speed-to-power for gigawatt-scale demand.

Gas Infrastructure Development

Natural-gas pipeline and supply, firm transport, gas-plant development, and alternative fuels including ammonia — originated and advanced from concept through precedent-agreement and construction readiness.

Compute Markets & Infrastructure Development

Compute hedge structures, reference indices, pricing methodologies, contract terms, and credit and risk frameworks — alongside data-center infrastructure development and operations.

Capital Formation & M&A

Deal structuring and capital formation, project finance, and M&A diligence and ROI underwriting — turning complex projects into financeable, investable outcomes.

Market Entry & Business Buildup

Go-to-market and business development for energy and technology companies — offtake origination, partnerships, capital raising, and manufacturing and operational scale-up.

Energy Procurement & Offtake

PPAs, capacity, and utility, municipal, co-op, corporate, and hyperscaler offtakes — with fuel and transport, credit support, and environmental attributes.

Who We Serve

The people developing, building, investing in, and trading around energy and compute infrastructure.

You're a developer or owner-operator of energy or data-center assets advancing projects and optimizing development, commercial operations, revenue, and long-term value.

You're an investor in energy or compute infrastructure — electrons or molecules — needing diligence on market evaluation, commercial operations, or development.

You're a hyperscaler, neocloud, colocation provider, or large power user navigating power availability, procurement, siting, interconnection, and speed-to-power.

You're an asset-light commodity or compute trading firm that needs sharper market analytics, hedging strategy, or risk management.

You're an energy or infrastructure technology company (e.g., BESS, fuel cell, SMR) seeking market entry, business development and offtake origination, capital raising, or scale-up.

Who We Are

Two decades at the commercial edge of energy and compute infrastructure.

Cheng Chang

Founder & Principal · Energy & Compute — Commercial & Development

Infrastructure, business development, and commercial executive with 20+ years originating, structuring, negotiating, and closing utility-scale power transactions, offtakes, and development partnerships. He has structured a $7B+ / 10 GW+ career portfolio of data-center and large-load offtakes — including a landmark $1B+ hyperscaler transaction — spanning powered-land, gas infrastructure, generation, storage, and compute-market structures.

  • SVP, Lotus Infrastructure Partners (formerly Starwood Energy Group)
  • Global Head, Commercial Development & Trading, InterGen
  • Leadership roles, GDF SUEZ North America · Board Member, NEPGA
$7B+ / 10 GW+
Data-center & large-load offtakes
$1B+
Landmark hyperscaler deal
100+
M&A & transactions advised
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Contact

Let's talk.

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