Energy, Power & Natural Resources
The power output declines over time.
The tax bill does not.
​Power Generation
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Fossil Fuel & Combined-Cycle Plants
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Natural Gas Peaker Plants
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Hydroelectric Facilities
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Nuclear Power Plants
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Pumped Storage Facilities
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Cogeneration & CHP Plants
Transmission and Distribution
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High-Voltage Transmission Infrastructure
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Substations and Switching Facilities
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Pipelines and Compressor Stations
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LNG Terminals & Liquefaction Plants
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Manufacturing
Renewable and Storage
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Utility-Scale Solar Farms
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Utility-Scale Wind Farms
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Battery Energy Storage (BESS)
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Offshore Wind Infrastructure
Oil, Gas and Petrochemical
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Oil Refineries
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Petrochemical Processing Plants
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Natural Gas Processing Facilities
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Crude Oil Storage & Terminals
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Midstream Infrastructure
The obsolescence in a power plant is not visible from the street. We find it anyway.
The energy transition created winners, losers, and a lot of very confident tax bills that haven't picked a side.
VALUATION APPROACH
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Power generation facilities, pipelines, refineries, and energy infrastructure require valuation frameworks that most assessors are not equipped to apply. Replacement cost is almost always overstated on aging generation assets. Economic obsolescence driven by regulatory change, fuel cost shifts, grid interconnection constraints, and the structural repricing of fossil fuel assets goes unargued in most jurisdictions, not because the argument is weak, but because most tax advisors lack the technical foundation to make it.
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For renewable and storage assets, PILOT agreements negotiated at the time of development become increasingly unfavorable as equipment depreciates and energy market conditions shift. Battery energy storage systems are frequently assessed as real property when significant components qualify as personal property. Oil refineries and petrochemical plants carry stranded capital in process configurations the current market has repriced well below construction cost. Each of these distinctions represents a recoverable reduction that requires both appraisal expertise and regulatory knowledge to execute
Coal-fired power plant
OUR EXPERTISE
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Valuation across the full generation stack: nuclear, fossil fuel, combined-cycle, natural gas, hydroelectric, pumped storage, utility-scale solar and wind, and battery energy storage. LNG terminals, oil refineries, petrochemical plants, and midstream infrastructure where economic obsolescence arguments are among the most powerful and least utilized tools available to property owners.
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PILOT agreement audits and renegotiation for renewable energy portfolios where the original terms no longer reflect current asset economics. Real versus personal property classification for generation equipment, turbines, transformers, and storage systems where misclassification creates recoverable tax exposure year over year. High-voltage transmission infrastructure and substation facilities where the gap between assessed value and market value is rarely challenged and consistently significant.
Most of this sector is over-assessed and under-challenged. We fix both.