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Volterra Advisors · United States

Independent Power and Site Due Diligence for Data Center Investors

Volterra organizes independent power and site due diligence around the decision a data center investor or buyer needs to make. We reconcile utility evidence, site constraints, cost exposure, timing assumptions, and outstanding conditions into a commercial decision record, working alongside the client’s engineering and legal advisors.

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Deliverables for a defined investment or acquisition decision

  • Requirements and evidence index: site identity, load and ramp assumptions, utility correspondence, studies, agreements, and document versions.
  • Power-status assessment: what is documented about capacity, initial and full-load timing, reservation or service rights, and remaining conditions.
  • Cost and dependency register: upgrade scope, allocation, deposits, security, land rights, permits, equipment, and responsible parties.
  • Site and commercial risk register: usable land, entitlement, access, fiber, water, counterparty obligations, and open diligence questions.
  • Decision brief: confirmed facts, unresolved assumptions, alternatives, specialist questions, and conditions to address before the next commitment.

Independence starts with the mandate

Agree the client, representation role, compensation and referral arrangements, potential conflicts, and responsibility for specialist conclusions before starting. Our founder’s track record informs the commercial questions and the interpretation of the evidence.

Scope, fees, and duration are agreed by proposal, with responsibilities and specialist workstreams defined before the engagement begins.

Request the underlying documents

Use the data center power due diligence checklist and will-serve letter checklist to build a request list. Preserve the actual issuer’s documents and conditions rather than relying only on a seller’s summary.

See the work behind the process

Explore our work examples and case studies, including an adaptive-reuse transaction and power diligence work.

Frequently asked questions

What is included in power and site due diligence?

The agreed scope can cover utility evidence, load assumptions, study and agreement status, capacity and timing conditions, upgrade exposure, site constraints, and a decision brief. The proposal identifies the documents, specialists, deliverables, and decisions covered.

Does due diligence guarantee that power will arrive on time?

No. The work assesses the documented pathway and its dependencies. It distinguishes supported facts, estimates, unresolved conditions, and contractual commitments so the client can decide what evidence or protection is still needed.

Which documents should we request first?

Start with the current site-specific utility response, customer load and ramp assumptions, latest studies, service or interconnection agreements, upgrade and cost allocation documents, and the initial-to-full-load schedule. Add site-control, title, permitting, fiber, water, and environmental records appropriate to the transaction.

Do you provide the engineering studies or legal opinion?

The proposal defines the specialist responsibilities. Qualified engineers perform the engineering work assigned to them, and legal counsel advises on transaction documents and rights. Volterra organizes and reconciles the evidence for the client’s commercial decision.

When should diligence begin?

Begin while the client can still obtain documents, resolve material questions, and align the next land, financing, or transaction commitment with the evidence. Scope, fees, and duration are agreed by proposal rather than a fixed public schedule.

Start with your requirements.

Scope, fees, and duration are agreed by proposal.

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