Physical TPO Assets
Operating solar, storage, inverter, site, production, availability, and maintenance evidence.
Enerliquid Platform
Liquidity Platform to Energy Assets
TPO Credit System
From TPO assets to monitored consumer energy finance.
Physical systems, Lease/PPA contracts, and diversified homeowner payment performance form the repayment base; underwriting, cash control, and surveillance connect that base to investor review.Lease/PPA Contracts
Executed payment obligations, pricing, remaining term, transfer provisions, and servicing records.
Homeowner Credit & Payments
FICO distribution, collections, payment history, DPD migration, seasoning, and geographic diversification.
Contracted Cashflows
Eligible Lease/PPA receivables are connected to physical operating evidence.
Stress-Tested Financing
P50/P90 scenarios inform CFADS, ADSAB, LTV, DSCR, and maturity capacity.
Controlled Repayment
The DACA Controlled Lockbox, DSRA, and payment priorities govern cash movement when applicable.
Continuous Surveillance
Actual collections, consumer performance, and operations are compared with the underwriting case.
Observed performance informs ongoing review; evidence, methodology, structure, and reporting vary by offering.
Institutional-Grade Decision Infrastructure
Private energy assets, made decision-ready.
A governed workflow turns fragmented portfolio evidence into a consistent investor view.01 Asset Evidence
Unify contracts, credit, payments, and operating records.
02 Due Diligence
Validate source data and surface material gaps.
03 Scenario Valuation
Compare base, downside, and stress cashflow cases.
04 Risk Controls
Translate risk into sizing, structure, and cash controls.
05 Surveillance
Compare actual performance with the underwriting case.
Investor outputs
Diligence Record Valuation Range Control Map Surveillance Report
Investment & Repayment Cashflow
Capital in. Operating cash back.
Investment proceeds support eligible deployments; Lease/PPA collections follow the documented repayment priority.Investment Cashflow
Capital is deployed from investor to the underlying household portfolio.
Eligible Investors
Complete applicable eligibility and verification checks.
Issuer SPV
Escrow Account
Asset Developer SPV
Receives financing under documented controls.
Asset Developer
Deploys capital into eligible energy systems.
Eligible Energy Deployments
Supports qualifying residential energy installations.
Repayment Cashflow
Contract receipts pass through the same senior-payment waterfall each period.
Investors
Receive available payments under transaction documents.
Issuer SPV
Receives senior debt service under documented priority.
Asset Developer SPV
DACA Controlled Lockbox
- 1 Taxes + operating expenses
- 2 Insurance + O&M
- 3 Senior debt → Issuer SPV
- 4 DSRA Replenishment
- 5 Equity / Asset Developer
Homeowners
Make scheduled Lease/PPA contract payments.
Illustrative only. Actual entities, accounts, priorities, reserves, and terms vary.
Underwriting Discipline
Size financing through stressed cashflow.
Credit, payment, contract, operating, and financing evidence is reviewed together.Stage 1
FICO & Payment Evidence
Review score distribution, payment behavior, and concentrations.
Stage 2
Stress CFADS
Stress collections, expenses, servicing, and operations.
Stage 3
DSCR · LTV · Maturity
Test coverage, eligible value, advance limits, and timing.
Stage 4
Reviewed Financing Capacity
Apply the most constraining reviewed result.
Continuous Surveillance
Measure coverage, value, and deterioration.
Track repayment coverage, leverage, maturity support, and consumer performance after closing.Coverage trend
CFADS vs. Scheduled Debt Service
P1
P2
P3
P4
P5
P6
Repayment coverage
Rolling DSCR
Available cashflow relative to scheduled debt service.
Value & leverage
LTV & Current ADSAB
Leverage against remaining contracted cashflow value.
Maturity gate
Maturity ADSAB Coverage
Balance due versus post-maturity cashflow value.
Consumer performance
Delinquency & Default
DPD migration, roll rates, cures, and defaults.
Supporting operating signals
Collections & reconciliation Production & availability DSRA balance Covenant & reporting exceptions
Current and Maturity ADSAB are separate cashflow-value tests, not equipment residual value.
Triggered Protections & Recovery
Escalate from early warning to enforcement.
The response follows the trigger, cure status, and applicable documents.01 Early warningEarly Warning Review
Validate exceptions, increase reporting, and re-underwrite.
02 Trigger eventEarly Amortization
Redirect available cash toward principal under the waterfall.
03 Uncured breachMandatory Prepayment
Apply contractual prepayment or guarantor-support obligations where documented.
04 Event of defaultDefault Enforcement
Declare outstanding amounts immediately due and exercise applicable account-control, workout, or collateral rights.
Rights need an operating path.
Account control, lien priority, guarantor support, and servicing make remedies actionable.
DACA Controlled Lockbox
Routes receipts and defines account-control rights.
1st Lien
Establishes priority over specified perfected collateral.
Guarantor Support
Payment, completion, or other limited support applies only when documented and depends on scope, recourse, and guarantor capacity.
Servicing Continuity
Preserves collections, reporting, and O&M continuity.
Remedies depend on applicable documents and do not eliminate loss risk.
Digital Energy Asset Marketplace
A marketplace for energy investment Notes.
The Marketplace enables eligible participants to seek entry and exit after primary issuance by transferring standardized Notes—not the underlying physical assets.Operating Energy Portfolio
Lease/PPA payments and operating performance support the Note's repayment profile.
Physical assets remain in the existing structure
What is transferred
Energy Investment Note
The Note represents the holder's contractual entitlement to remaining principal and future interest payments.
Remaining PrincipalOutstanding principal under the Note terms
Future InterestFuture interest payments under the Note terms
Enerliquid Marketplace
Eligible holders and qualified investors discover, compare, and seek permitted Note transfers through approved marketplace infrastructure.
Eligible Holders Qualified Investors
- Post-Issuance Entry
Access eligible Notes after primary issuance.
- Pre-Maturity Exit
Seek a permitted transfer before scheduled maturity.
- Portfolio Rebalancing
Adjust Note exposure as portfolio needs change.
- Price Discovery
Use participant interest and comparable positions to inform pricing.
Offering Eligibility & Access
Eligibility before access.
Each opportunity applies its own offering pathway, investor classification, verification, distribution controls, and definitive documents.Regulation D · Rule 506(c)
Separate U.S. offerings, where available, may require every purchaser to be a verified accredited investor under Rule 501(a).
Regulation S
Certain offshore offerings may rely on Regulation S, subject to offshore transaction, distribution, and selling restrictions.
Accredited Investor (AI)
Access, where available, may require AI classification under the SFA and the applicable opt-in or consent process.
Professional Investor (PI)
Access, where available, may require PI classification and an applicable licensed or exempt distribution channel.
Offering-specific access path
- Jurisdiction
- Investor classification
- KYC · AML · sanctions
- Offering documents
- Eligible access
Projects & Portfolio Review
Review opportunities or assess a portfolio.
General information only—not an offer or recommendation. Availability is offering-specific; investments may be illiquid and may lose value.