Opportunities Submitted

Company NameCommonbridge LLC
Contact NameAlberto Washington
Contact EmailEmail hidden; Javascript is required.
Contact Phone(646) 221-1926
Opportunity NameU.S. Based Solar Farm Opportunity
Location of BusinessUnited States
When was the business started?2021
What is the business most known for?Company and Management Team The Company is a Project Management Company, bringing together the best team for a job to imagine, create, develop, and execute a broad range of multifaceted projects. As no one company alone could possibly provide this depth of professional and new advanced technologies necessary to solve big problems, the Company provides the relationships and processes to integrate varied companies and organizations together to provide the infrastructure to accomplish big goals. We have the industry leaders, contacts and expertise in every area of the solar industry to bring these solar farm projects to fruition, including a key member of ADC Energy who is a leader in the electric grid management. Technology • Graphene Battery Technology- longer life, faster charging, environmental green product. This will allow us to store energy from our solar or generators to sell into the grid at high demand times and increase our income. • Sun Tracking - solar panel directional technology to track the solar panels in bi-directional axis to increase solar panel performance by 40% versus the standard single axis tracking currently on the market. • DC Energy Management – patented, NSAS validated DC power technology to increase the solar panel production of the bi-directional tracking another 20% - directly addresses the concerns above saving the 26% loss when using AC power. • Green Hydrogen Power Generator - to allow us to run 24/7/365 as needed. By using solar to run generators we keep the cost down to $0.015/KW and the margins remain high with wholesale Power Purchase Agreement rates averaging $0.035/KW.
Who is/are owner/owners?Doug Fyvolent, Henry Lee, Kurt Kucera, Harold Wingert - Found Partners
Why sell the business?

The Solar Company (the “Company”) has a seed equity opportunity to participate in the
development of at least 5 Solar Farms. The company has secured 5 signed land lease agreements
with over 6,000 acres available and is looking for capital to perform the feasibility studies. An
equity investor would participate in all parcel feasibility studies and reviews, thereby diversifying
and minimizing feasibility study risk, across a pool of land parcels throughout the U.S. A
successful feasibility study will potentially lead to the development of the Solar farm, acquisition
of off-take agreements, power purchase agreements (PPA’s) and final construction at more
substantial budget of approximately $250M per leased property.

Are you looking to recapitalize the business by selling a majority stake to aggressively take the business to next level?No
Who will remain on the ownership level?TBD
Is the owner(s) planning to stay around? If so, what is their thinking?

Yes, the owners want an equity investment and are offering the following terms

Possible Terms:
• Up to 36 months @ 12%/yr
• Plus: A 5% royalty of the net revenue on the 5 farms listed below for 15 to 20 years depending on farm deal terms. Estimated between $615k to
$3.8M a year depending on how many of the farms are installed and final cost.
• Full repayment of investment with interest within 10 days of closing funding on the first solar farm, with ongoing royalty income

Once there are investors for phase 1 of the financing, the phase 2 will involve substantially larger financiers that are likely to invest post feasibility.

What is the maturity level of the business?Pre Revenue
EBITDA or Profit for same periodN/A
Trailing 12 Month RevenueN/A
Trailing 12 Month EBITAN/A
Any significant debt on the business?None
Why did the business start?

The owners envision a diversified risk reductive approach for the development of up to 5 Solar Farms that utilize, tax incentives, patented and
advanced solar panel technology and green hydrogen aimed at the production of 124MW to 746MW per farm. An integrated approach involving,
early stage equity investors, state utilities, energy producers and other key players along the renewable energy supply chain will be utilized to create
a well managed, sustainable, tech-forward and government friendly solar farm operation.

Why did the business start?

The owners envision a diversified risk reductive approach for the development of up to 5 Solar Farms that utilize, tax incentives, patented and
advanced solar panel technology and green hydrogen aimed at the production of 124MW to 746MW per farm. An integrated approach involving,
early stage equity investors, state utilities, energy producers and other key players along the renewable energy supply chain will be utilized to create
a well managed, sustainable, tech-forward and government friendly solar farm operation.

How did business get to where it is at?

Management has been working hard on obtaining solar farm lease agreements and as of now, they have secured 5 lease agreements in OK, MS, and KY

Aggregations or Organic growth?

Organic growth through strategic land acquisition

Any tailwinds or headwinds facing business/sector?

The U.S. installed 4.6 gigawatts (GWdc) of solar PV capacity in Q3 2022 to reach 135.7 GWdc of total installed capacity, enough to power 24 million American homes. Solar has accounted for 45% of all new electricity-generating capacity added in the U.S. through the first three quarters of the year. Residential solar had another record quarter with 1.57 GWdc installed

Sector insights from owner and what the opportunity going forward with new owner might look like?

Utility-scale solar installations reached 2.5 GWdc, a 36% decrease over the same quarter last year, as the industry continued to weather supply chain challenges and trade disruptions. Despite these challenges, the passage of the Inflation Reduction Act (IRA) has created significant upside to the long-term solar forecasts, with 21% average annual growth forecasted for 2023 - 2027.

What is the unique story of business -- how is it different then their competition –what makes them better/worse?

In addition to the potential growth in solar power, the company has a strategic technical advantage in four key areas

1) Power Bridge Graphene Battery Technology- longer life , faster charging , environmental green product. This will allow us to store energy from our solar or generators to sell into the grid at high demand times and increase our income

2) NEW- solar panel directional technology to track the solar panels in Bi-directional axis to increase solar panel performance by 40% versus the standard single axis tracking currently on the market.

3) ADC Energy – patented, NSAS validated DC power technology to increase the solar panel production of the bidirectional tracking another 20%

4) Green Hydrogen Power Generator to allow us to run 24 hrs. a day if needed. With using solar to run the generator we keep the cost down to 1.5 cents a KW and the margins remain high 3.5 cents. Also available with this technology is the production fuel cells cost of .10 cents which the government is giving rebates of .50 per

Provide any additional notes, information or data that supports this opportunity

With the use of our new technology that is all market ready and our training program to hire local as much as we can, we qualify for extra tax credits for our projects
Solar Tax Credit 30%
Prevailing wage worker credit 10%
Storage production credit (PTC) up to 40% (made in America)
Green Hydrogen production credit (PTC) 30%
R&D project framework up to 75% tax exempt
Bonus credit available on coal processing land conversion 10%
Investment tax credits

The U.S. installed 4.6 gigawatts (GWdc) of solar PV capacity in Q3 2022 to reach 135.7 GWdc of total installed capacity, enough to power 24 million American homes. Solar has accounted for 45% of all new electricity-generating capacity added in the U.S. through the first three quarters of the year. Residential solar had another record quarter with 1.57 GWdc installed. Utility-scale solar installations reached 2.5 GWdc, a 36% decrease over the same quarter last year, as the industry continued to weather supply chain challenges and trade disruptions. Despite these challenges, the passage of the Inflation Reduction Act (IRA) has created significant upside to the long-term solar forecasts, with 21% average annual growth forecasted for 2023 - 2027.

Date CreatedJanuary 17, 2023
Date UpdatedJanuary 17, 2023