One Coordination Failure, on Two Clocks
Systems · Large load · Firm power
July 21, 2026 · 3 min read
The developer and buyer each need evidence created by the other's commitment, while grid rules adapt on a slower clock.
Tafel Power
Independent analysis and investment diligence for firm power and large-load infrastructure.
Cross-ISO coverage with ERCOT depth.
Practice
Firm Power and Storage Economics
IRR modeling, offtake economics, and valuation for BESS and hybrid gas-plus-storage projects.
Large-Load Diligence
Power procurement assessment for large-load deployments, from interconnection through delivered cost of firm power.
LP-Side Diligence for Institutional Capital
Market analysis and deal support for institutional investors evaluating US power infrastructure opportunities.
Latest analysis
ERCOT Fleet Revenue Rose 8 Percent. Revenue per Megawatt Fell 37 Percent.
Total storage revenue keeps rising, but largely because capacity is added faster than per-unit revenue falls. The underwriting error is treating a market revenue forecast as if it described your asset. What still earns depends on which edge an asset holds and how fast it erodes.
July 23, 2026 · 7 min read
Recent Analysis
The Reciprocal Commitment Ladder: How Scarcity Determines Who Commits First
Firm power · Large load · Contract structuring
July 21, 2026 · 5 min read
The right commitment structure is not universal. It depends on which side has alternatives, which inputs are scarce, and how much unrecoverable exposure each milestone creates.
Can Entergy Serve the Next Gigawatt?
Entergy · MISO · Louisiana
July 19, 2026 · 8 min read
Why Entergy is one of the few utilities able to build firm power at AI scale, what customers must fund, and how its regulated model compares with merchant ERCOT.
About Tafel Power
Tafel Power provides independent analysis and investment diligence for firm power and large-load infrastructure. Cross-ISO coverage with ERCOT depth.
Contact
Kris Narayanan
Tafel Power LLC. Houston, Texas.