Solas Energy Consulting performs due diligence on all technical and commercial areas for development projects, including:
- Siting and layout
- Land and title
- Resource and offtake
- Interconnection strategy
- Environmental reviews
- Permitting strategy
- Operations strategy
- Budgets and schedules
We also perform due diligence on operating projects including technology reviews, performance reviews, operating cost reviews, and permit compliance reviews.
We assist our clients in major investment decisions, helping to identify and price portfolio risks, assess project feasibility, and develop appropriate valuations for projects.
We work interactively with our clients and can provide a review for all technical, economic, commercial, operational, and regulatory permitting areas or supplement our client’s internal resources if extra support is needed in certain discrete areas.
Our due diligence services include:
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About Solas Energy Consulting
Solas Energy leads the way in helping companies and organizations achieve a sustainable, zero-carbon future. Specializing in renewable energy, energy storage, hydrogen, electric vehicles (EV), biomass, geothermal, grid modernization, and climate change solutions, we support utility and commercial scale projects throughout their project life cycle.
What is Fleet Management
Fleet management is used by any sort of organization that requires commercial vehicles in order to function. The term “fleet” is referring to the assortment of commercial vehicles used by the company. Fleet management essentially oversees all of the fleet and its performance, as well as overseeing the maintenance of the fleet. This is, of course, crucial to the business because it can affect accuracy and efficiency, among other things.
Fleet managers usually try to focus on improving the productivity of the fleet, and they may do a variety of tasks. These include vehicle maintenance, driver management, route planning, and more. They use programs and software to help to manage the fleet, too. Vehicle telematics and fleet management software are the most commonly used programs for a fleet manager. Telematics, for instance, can help to collect data so that fleet managers can analyze things such as vehicle location diagnostics and dispatch units. After analyzing all of this, the fleet managers can then optimize their service.
What is Fleet Decarbonization
Transportation is one of the most pollution-heavy industries, as it is an industry that uses a lot of fossil fuels. It is also one of the parts of other kinds of businesses that contribute the most to pollution– so, even if it is an apparel company, for instance, the transportation of goods can still add a lot to their carbon footprint. One of the ways that people are trying to combat that these days is with fleet decarbonization. So, what is fleet decarbonization and what does it mean, exactly?
Fleet decarbonization refers to attempts that are being made to reduce the carbon footprint of a fleet. This can take on a few different firms, such as using electrical energy or solar power to fuel the vehicles instead. Some fleets may also explore innovations in logistics and alternative drivetrain technologies. Many energy firms are beginning to offer fleet decarbonization as a service which they can consult, and they can then help a business implement these changes to their fleet. Sometimes, this may involve implementing new technologies, and other times, it may require that the old fleet vehicles be replaced by new models that are more eco-friendly– for example, replacing an old fleet with electrically powered vehicles instead.
What is Fleet Optimization
Optimization is, by definition, “the action of making the best or most effective use of a resource or situation”. When it comes to fleet optimization, specifically, this is when a fleet manager works to increase the fleet’s productivity but also decrease costs at the same time. As the name suggests, they are trying to optimize the fleet of vehicles.
There are many ways that a fleet manager may try to do this. One example is by implementing fleet trackers, or GPS, to collect data that can be analyzed and acted upon. It can help to improve vehicle routing and other important data. For instance, it may also help to decrease fuel costs by changing up and improving driver routes, or it could help to promote security and safety, reducing thefts and subsequent loss of equipment. All of these are key improvements to a fleet.
Many of the ways that a fleet manager may achieve fleet optimization involve collecting, tracking, and analyzing data so that they can make smart and informed business decisions for the fleet, which will ultimately benefit the company.
What is an EV Charging Infrastructure Plan
EV charging refers to electrical vehicle charging stations. Electric vehicles can be great for the environment, but they pose a new challenge in that you cannot simply fuel up at the gas station. You will have to find an electric charging station– something that is not quite as common as a gas station is! This is partly because electric vehicles are newer and are still not as mainstream as cars that run on gasoline. Therefore, if you are trying to decarbonize your fleet and try to use electric vehicles, you will need to make sure that you do your research and will have access to EV charging stations nearby and on the drivers’ routes as well.
An EV charging infrastructure plan is the next level of EV charging stations. It is not simply referring to one charging station, but rather, to a program that will help to create a network of charging stations across an area– typically, across the country. This will make it easier to charge your electric vehicles, as it will make charging stations more common and accessible. The idea is that electric vehicles will then also be seen as more desirable, as this plan removes some of the obstacles that are making people hesitate to choose an electric car.
What is a Corporate Green Fleet Action Plan
A green fleet is a fleet of vehicles that are trying to reduce their carbon footprint and has succeeded. Rather than only focusing on transporting things to where they need to be, this type of fleet implements energy saving and other green initiatives. There are more businesses trying to do this today, as our environmental impact becomes more of a concern. Different companies may come up with their own Green Fleet Action plan, but essentially, this is where a company outlines plans to implement certain initiatives and reduce their impact. The specifics and exact goals of this plan may vary from business to business– it is not necessarily a one size fits all initiative.
One of the ways that a company may implement green fleet initiatives is to switch to electric vehicles with a goal of being entirely fossil fuel free by a certain year or date. Another specific goal could be to cut their fleet’s emissions in half by a certain date. Part of the green fleet action plan is that these goals need to be specific and actionable so that they can be measured and the company is able to hold themselves accountable– or be held accountable by others.