Enverus Press Release - Lessons learned from Eaton and the risk of wildfires spread by transmission lines

Stay Ahead of Future Congestion Risks With Grid Capacity Insights

As the energy landscape continues to evolve, grid congestion is becoming increasingly difficult to predict. With rapid additions of new generation and load projects, traders face growing uncertainty and rising risks in the market. The challenge lies in understanding where these projects will connect, when they’ll become operational, and how they’ll impact transmission constraints. Enter Projected Capacity Impact—a game-changing solution designed to provide clarity and actionable insights into future grid dynamics.

The Rising Pressure of Future Generation and Load

The influx of renewable plants, energy storage facilities and large load centers, such as data centers and crypto mining operations, is creating significant pressure on transmission networks. Blind spots in future grid capacity planning can lead to unforeseen transmission constraints, which impact trading strategies and lead to costly errors. For market participants, the lack of visibility into these future developments often results in missed opportunities and increased risk exposure.

Identifying Potential Grid Congestion With Projected Capacity Impact

Navigating future grid dynamics requires a forward-looking approach. Projected Capacity Impact provides traders with powerful insights to anticipate and manage emerging congestion risks driven by new generation and load projects, empowering traders to make more informed decisions to capitalize on opportunities and mitigate threats.

1. Track Planned Generation and Load

Enverus offers the most comprehensive data coverage and leads the market in tracking load, renewables generation, outages and congestion.

Gain a comprehensive understanding of the future grid landscape by analyzing planned generation and load projects, along with their associated metadata. By tracking these developments and reviewing their placement in interconnection queues, traders can assess how they will influence future congestion risks. With the ability to filter projects by various factors—such as location, size and timeline—traders can create custom scenarios that provide targeted, high-value insights into how the grid will evolve and where congestion risks are most likely to emerge. This detailed foresight helps traders plan for changes and adapt strategies to potential shifts in market conditions.

2. Simulate Future Grid Congestion

Enverus empowers traders to simulate the future grid 15x faster than traditional methods, providing deeper insights and uncovering the best opportunities across more grid segments.

Projected Capacity Impact allows traders to evaluate the cumulative effects of planned generation and load projects on grid constraints. By running multiple simulations, traders can model different scenarios and assess their impact on congestion across various points of the grid. This provides a detailed, dynamic view of where congestion hotspots may develop in the future. By understanding the interaction between projects and the grid, traders can predict not only when but also where constraints are most likely to occur, giving them a strategic advantage to anticipate market shifts and mitigate potential risks well ahead of time.

3. Assess POI Transfer Capability and Future Congestion Hotspots

Enverus enables traders to visualize grid capacity limitations, allowing them to focus on areas with a higher likelihood of congestion and pinpoint the most promising opportunities.

Evaluate the capacity at key points of interconnection (POIs) to understand how the grid’s capacity is being impacted by upcoming projects and large load centers, such as data centers or industrial sites. By visualizing how these changes will affect grid capacity, traders can identify areas of the grid that are nearing capacity limits. This forward-looking analysis is crucial for traders to proactively adjust their FTR strategies and develop more effective hedging approaches. With the ability to spot potential congestion hotspots early, traders can make adjustments to their positions, optimizing their trading decisions to capitalize on impending shifts in the grid’s load and generation balance.

Why Choose Projected Capacity Impact?

Mapped Projects to State Estimator Cases

Projected Capacity Impact precisely maps planned generation and load projects to ISO state estimator cases, saving traders time and resources of having to map projects to state estimator cases themselves.

Comprehensive Energy Market Insights

The solution offers an up-to-date centralized dataset covering renewables, storage, traditional power plants and large load centers. This holistic view supports strategic trading decisions and helps market participants respond effectively to energy market shifts.

Visualize and Simulate Future Grid Congestion Scenarios

Traders can visualize and simulate the effects of planned projects on grid constraints. By running various scenarios, they gain a detailed understanding of potential future congestion, enabling proactive adjustments to trading strategies.

Conclusion

As grid continues to evolve and new projects are being added to the grid, Projected Capacity Impact delivers a critical edge by illuminating future congestion hotspots and empowering traders to stay one step ahead. With unparalleled visibility into upcoming generation and load projects, market participants can reduce risk, optimize trades and seize new opportunities ahead of the competition. Unlock the full potential of your trading strategies and navigate grid complexities with confidence through Projected Capacity Impact.

About Enverus Power & Renewables

With a 15-year head start in renewables and grid intelligence, real-time grid optimization to the node and unparalleled expertise in load forecasting that has outperformed the ISO forecasts, Enverus Power and Renewables is uniquely positioned to support all power insight needs and data-driven decision-making. More than 6,000 businesses, including 1,000+ in electric power markets, rely on our solutions daily.

Enverus Press Release - Looking past the CCUS power plant pipe dream

Class VI Update 4Q24 | Tracking the Surge in CO2 Sequestration

Enverus Intelligence® Research (EIR) provides an overview of recent changes and additions to the growing list of Claas VI wells associated with CCS projects in the United States. CO2 sequestration via Class VI wells nearly tripled in 2024, rising from 0.74 Mt to 2.1 Mt. This increase represents only 0.05% of the total 4.7 Gt of U.S. CO2 emissions. In 2024, 33 Class VI permit applications were received, a decrease from 42 in 2023. We expect the number of applications to remain steady and anticipate around 100 new Class VI wells throughout 2025.

Based on active Class VI injection wells and estimated approval timelines, EIR projects a significant increase in CO2 injection by mid-2026. Total Class VI sequestration could exceed 120 Mtpa by the end of 2026, representing a nearly 60x increase over 2024 volumes.

About Enverus Intelligence®| Research

Enverus Intelligence® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations, and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies, and capital providers worldwide. See additional disclosures here.

minerals-management

5 Mineral Rights Taxation Tips for Mineral & Royalty Owners

Tax season can be daunting for everyone, but for mineral and royalty owners, the complexity is even greater.

Whether you’re an individual collecting mailbox money or managing multiple royalty
streams, navigating the intricacies of tax filings is crucial to maximizing your savings. The challenge
lies in timely filing with the IRS while ensuring you’ve made every qualifying deduction to minimize
your tax liability and avoid overpaying Uncle Sam.

While mineral and royalty owners may be familiar with some of the most common types of
deductions – like the depletion allowance, property taxes or intangible drilling costs – we’ve
compiled five mineral taxation strategies that provide additional money-saving insights and
deductions you may not have benefited from. If you’ve missed taking a deduction on this list in
previous years, it could be worth talking with a tax professional about amending your prior tax
returns to get a refund.

From Depletion Allowance to Intangible Drilling Costs – Top Mineral Rights Taxation Tips to Save Oil and Gas Investors Money

1.     Verifying Income Reported on a 1099

Accounting mistakes are inevitable in a complex and fast-paced business such as oil and gas production and often compound over time. Underpayments from operators who intend to honor their obligations to interest owners can occur for many reasons, such as rounding errors on your interest decimal or incorrect commodity pricing used to calculate revenue. Or mineral and royalty owners might be charged an improper deduction or fail to be paid on a well they did not know had been drilled.

For oil and gas interest owners with multiple revenue streams, ensuring the accuracy of what operators report on 1099s begins with ongoing due diligence and audits throughout the year. Many of the puzzle pieces needed to create a clear picture can be found in public data sources where drilling permits and production volumes reported to the state by operators are freely available. Then, compare what operators report on monthly revenue statements with 1099 forms.

Though finding and fixing underpayments is daunting, technology can simplify and accelerate the process by accessing bulk downloads and automatically verifying pricing, decimals and wells. You should be paid to leverage web-based solutions and check stub data exchanges. That’s where purpose-built mineral management tools like MineralSoft® and EnergyLink® from Enverus can assist in managing your assets, resolving operator underpayments and curing your yearly tax return headache.

2.     Reducing Taxable Income With the Depletion Allowance

Oil and gas investments not only generate steady revenue streams for interest owners, but this asset class also benefits from a substantial federal income tax deduction that recognizes the underlying resource is depleting over time, causing reduction in the asset’s value. The depletion allowance enables mineral and royalty owners to take a 15% deduction on the lesser two options of either 100% of their royalty revenue without the depletion deduction or 65% of all income sources without the depletion allowance applied.

One advantage of the 15% depletion allowance is that it allows a mineral and royalty owner to capitalize more than 100% of the cost of their investment. Interest owners may be rewarded with a significantly higher deduction if they are willing to take extra steps to calculate the actual cost of their investment to be depleted instead of using the one-size-fits-all 15% per year deduction. Royalty owners can take the cost depletion if it exceeds the 15% depletion allowance. However, the calculations require a nuanced understanding of the remaining reserves.

Unlike the 15% depletion allowance, the cost deduction can never exceed 100% of the initial investment over the life of the well. In either case, only royalty income can be used with the depletion allowance, which excludes lease bonuses. Again, technology and purpose-built mineral management solutions can significantly simplify and automate the accounting required to perform cost depletion calculations.

3.     Avoid Capital Gains Tax With a 1031 Exchange

Unless you have sold mineral or royalty interests within the last 45 days, keep the IRS section 1031, like-kind exchange, in mind for next year’s tax return. The 1031 exchange is a powerful tool to avoid hefty capital gains tax on your sale by investing the entire proceeds into another asset, deferring tax until the new asset is sold. Of course, owners can continue to kick the capital gains down the road with another 1031 exchange each time they sell a qualifying asset.

The IRS views mineral and royalty interests like real estate, which enables asset sellers to reinvest into homes, investment property, land and other mineral or royalty investments. Be sure to follow the rules carefully, which include identifying the replacement property in writing within 45 days, placing proceeds in escrow, and closing on the new investment within 180 days.

4.     Fair Market Value for Property Taxes

Most states view your mineral and royalty interest just like real estate, appraise its value, and charge an ad valorem tax (i.e., property tax). Just like you might consider protesting a steep increase to your home’s value and property tax liability by a tax assessor-collector, oil and gas interest owners should understand their asset’s fair market value to challenge property tax increases when necessary. In turn, you’ll avoid overpaying property taxes and then deduct the expense on your annual federal income return.

The appraised fair market value of minerals and royalties is calculated differently from state to state (e.g., Texas uses discounted cash flow analysis based on future production forecasts, not past performance).

Individual mineral and royalty owners can turn to an oil and gas consultant for a third-party estimate of their assets, or leverage web-based services, such as Texas Mineral Appraisals from Enverus, for defensible, trusted data that you can submit to your appraisal district as part of a property tax protest. For mineral funds and more prominent royalty owners with a deeper level of oil and gas experience, turn to Enverus PRISM® and Forecast Studio to create your own forecasts to avoid overpaying property tax. You can also create go-forward portfolio strategies, acquisitions and cash flow.

5.     Intangible Drilling Costs – A Huge Deduction for Working Interest

Drilling a well is one of the most tax advantaged types of investment, incentivizing oil and gas development with several major deductions and exemptions. For those who hold a working interest in a well, 100% of the Tangible drilling costs can be deducted over a 7-year depreciation period. tangible drilling costs include all equipment required to construct the well, such as casing, cement and wellheads.

Ranging from 65% to 80% of a well’s price tag, intangible drilling costs account for the lion’s share of drilling and completing a well. Intangible drilling costs include labor, pad clearing, rig rental, hydraulic fracturing and consumables like drilling mud and frac fluids. Unlike tangible drilling costs, intangible drilling costs can be fully deducted on a single tax return.

There is no limit on these drilling cost deductions. And because intangible drilling costs are exempt from the Alternative Minimum Tax, the deduction can be taken even for the wealthiest investors and significantly offset their personal income.

Reclaim your valuable time this tax season with Enverus Mineral Management Solutions.

As a new, oil and gas friendly federal administration takes office, the regulatory and tax landscape is likely to evolve. As ever, Enverus is keeping a finger on the pulse of change to bring mineral and royalty owners more money-saving strategies.

Managing mineral assets and taxes can be challenging, but Enverus is here to assist you. Our comprehensive mineral management solutions simplify the process of collecting and managing data for your mineral assets. With features designed to track deductions, verify income and streamline reporting, we make tax preparation more manageable and help you retain more of your earnings. Discover how Enverus can revolutionize your mineral management today and make filing your taxes this season a breeze. Please fill out the form below to speak with our experts.

Enverus Press Release - DUC Hunt: What the 2025 drawdown means

DUC Hunt: What the 2025 drawdown means

CALGARY, Alberta (Feb. 12, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing a report that analyzes recent inventories of drilling uncompleted wells (DUCs) and the implications for 2025 budgets. DUCs provide operators with strategic flexibility, financial benefits, and operational efficiency, making them a crucial aspect of the industry’s dynamics. EIR’s report also examines differences between EIR’s DUC estimates and those of the Energy Information Administration (EIA).

“Operators are entering into 2025 with lower DUC inventory numbers than they entered 2024, creating potential for impacts to capital efficiency throughout the year,” said EIR principal analyst and report co-author Mark Chapman.

“DUCs act as a form of inventory and when market conditions are favorable, such as higher winter gas prices, companies can quickly complete these wells to boost production and capitalize on the higher prices, providing a tailwind early in 2025.” Chapman said.

Key takeaways from the report:

  • The number of drilled uncompleted wells (DUCs) in the last year fell faster than the drop in drilling rigs, indicated the backlog of such wells is declining. This has implications for energy companies’ 2025 forecasts on production and capital efficiency.
  • The Midland Basin depleted its inventory of excess DUCs the most over the past year, falling from two months to one.
  • A few gas producers bucked the industry trend and managed to increase total DUC inventories by more than one month since last year.
  • EIA estimates of DUCs have become increasingly misaligned with EIR’s calculations, which we suspect largely reflects differences in the granularity and timeliness of data sources.
Chart - DUC Inventory Levels in the US

EIR’s analysis pulls from a variety of Enverus products including Enverus Activity Analytics.

You must be an Enverus Intelligence® subscriber to access this report.

About Enverus Intelligence® Research:
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

Enverus Press Release - Class VI wave expected to hit US

Class VI wave expected to hit US

CALGARY, Alberta (Feb. 11, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report and overview focused on recent changes and additions to the growing list of Class VI wells associated with carbon capture and sequestration (CCS) projects. EIR’s report covers new Class VI permit applications in the U.S., changes to permit status, permit approvals and newly disclosed project details.

“We could see a massive increase in permit approvals in 2025 with more than 40 Class VI applications in line to be approved this year, potentially adding more than 100 mtpa of approved CO2 injection. It appears the wave will be hitting the U.S. soon,” said Brad Johnston, report author and analyst at EIR.

“Class VI applications are expected to remain steady at about two to three per month, and we anticipate nearly 100 new Class VI wells throughout 2025,” he said.

Key takeaways from the report:

  • CCS through Class VI injection wells nearly tripled in 2024 to 2.1 Mt, representing just 0.05% of total U.S. carbon emissions.
  • Thirty-three Class VI permit applications were submitted in 2024, compared to 42 in 2023. EIR anticipates two to three new applications per month this year totaling some 100 Class VI wells.
  • EIR expects 40 Class VI permits to be approved in 2025, adding 100 mtpa of injection, up from five approvals and 32 mtpa in 2024.
  • Dakota Gasification’s Great Plains Synfuels plant was the sole CCS project to start up last year, sequestering 1.39 Mt since February. Red Trail Energy, Blue Flint and Archer Daniels Midland (ADM) represent the other ongoing Class VI sequestration projects. Injection at ADM’s Decatur project was halted in October due to out-of-zone migration of CO2.
  • ExxonMobil withdrew its Class VI applications for the Leo and Orion CCS projects in Mississippi and Alabama, focusing instead on its 271,000-acre position offshore southeast Texas.
Chart - Class VI Applications Received by Month and EPA Region

EIR’s analysis pulls from a variety of Enverus products including Enverus Foundations® | Carbon Innovation Wells.

You must be an Enverus Intelligence® subscriber to access this report.

About Enverus Intelligence® Research:
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

affordable energy

DeepSeek R1 Breakthrough | Fresh Take on Power Demand

DeepSeek’s recently released open-source reasoning, large language model (LLM) V3-R1 has benchmarked closely to OpenAI’s o1 framework. The Chinese company drastically lowered the cost of running its LLM via several novel methods. Firstly, DeepSeek drastically improved reasoning using stronger reinforcement learning techniques that reduce precision while maintaining accuracy. They also employ a mixture-of-experts architecture, which combines many focused models that only call on individual components when necessary, rather than relying on one large model that requires vast amounts of memory. These techniques allowed for high process performance with limited hardware capabilities. 

On top of achieving similar performance to OpenAI’s o1, DeepSeek R1 is believed to have been trained on chips comparable to Nvidia’s A100 chip, which is two generations behind the latest Blackwell chip. This drastic change in model optimization has shifted industry leaders’ focus to refining their models to improve efficiency and reduce power consumption. We do not expect this to change near-term data center growth, but it raises questions about longer-term capital allocations for computing hub expansion.

Research Highlights:

  • Class VI Update 4Q24 – The Wave Is Coming – In this new quarterly report series, Enverus Intelligence® Research provides an overview of recent changes and additions to the growing list of Class VI wells associated with CCS project in the U.S. Leveraging the Enverus FOUNDATIONS® — Carbon Innovation Wells database, this report series covers new Class VI applications, changes to permit status, permit approvals and newly disclosed project details. In this inaugural report, we cover updates in 4Q24 as well as highlights from 2024.
  • Delayed Exit – Rising Demand Keeps Power Plants Online – How have thermal power plant retirements shifted in response to rising demand and the growing need for baseload generation? Which natural gas plants are likely to have their retirements delayed based on plant efficiency and projected power demand growth?
  • DeepSeek R1 Breakthrough – Putting the Bull Case on Notice – This report addresses the release of DeepSeek’s R1 AI model, the impacted markets and the bull case for energy.

About Enverus Intelligence®| Research

Enverus Intelligence® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations, and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies, and capital providers worldwide. See additional disclosures here.

Enverus Press Release - E&Ps with natural gas + CCS pave way for model data center development

E&Ps with natural gas + CCS pave way for model data center development

CALGARY, Alberta (Feb. 5, 2025) — Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has developed new capabilities to help site data centers using data sets focused on onshore fiber cables, substation withdrawal capacity and locational marginal pricing. With data center load growth being a key topic in the energy space, and combined with the company’s extensive carbon capture and storage (CCS) and gas market expertise, EIR is uniquely positioned to provide insights into using natural gas power with CCS for data center development.

In a recent report, EIR leveraged these capabilities to evaluate the potential behind a joint project announcement from Exxon (XOM), California Resources Corporation (CRC) and Net Power (NPWR) regarding natural gas power with CCS paired with data centers, and paints the opportunity other E&Ps looking to profit off the data center hype should look to target.

“EIR forecasts a 12 gigawatt increase in load from 2024-2030 due to the expansion of data centers. E&Ps such as XOM and CRC have responded with recent announcements on natural gas power with CCS to take advantage of lucrative power purchase agreements by providing reliable, clean, baseload power that aligns with their core business and expertise,” said Jeffery Jen, analyst at EIR and report author.

“Leveraging EIR’s expertise in the power markets, data center siting and CCS, we have outlined the strategies of XOM’s behind-the-meter solution, as well as a potential location where EIR believes XOM is developing this project. We also analyze CRC’s partnership with NPWR to provide insight to other E&Ps looking to capitalize on data center buildout momentum. And we believe this model, a natural fit for all three parties, can be replicated for many other E&P companies and potential data site locations,” Jen said.

Key takeaways from the report:

  • Many North American gas producers are looking to leverage their natural gas, land and sequestration capabilities to supply data centers with low-carbon power in the form of natural gas generation with CCS. However, only XOM and CRC have acted through partnerships or disclosed projects.
  • EIR has identified prospective areas with contiguous acres near existing fiber-optic cables, natural gas pipelines and green CO2 pipelines.
  • Other operators looking to capitalize on data center buildout should follow strategies of prioritizing large land positions with access to fiber, natural gas pipelines, CO2 infrastructure, supportive power pricing environments and constrained grid capacity.

EIR’s analysis pulls from a variety of Enverus products including Enverus Congestion Analytics, Enverus Suitable Land Analytics, Enverus Foundation ® | Power & Renewables and Enverus Infrastructure.

You must be an Enverus Intelligence® subscriber to access this report.

About Enverus Intelligence® Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

Enverus Press Release - Lessons learned from Eaton and the risk of wildfires spread by transmission lines

Lessons learned from Eaton and the risk of wildfires spread by transmission lines

CALGARY, Alberta (Feb. 4, 2025) — With the devastating wildfires near Los Angeles nearly 100% contained, Enverus Intelligence® Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, has released a report analyzing wildfire risk levels across the U.S. transmission network and identifying the transmission owners most at risk.

EIR’s report draws from Enverus’ transmission line data sets and the expected annual loss from wildfires from the Federal Emergency Management Agency’s (FEMA) National Risk Index. The report identifies high-risk areas and transmission system owners most vulnerable to wildfire hazards, highlights the potential impact on grid reliability, and notes the unique inverse condemnation doctrine in California that amplifies a utility’s liability.

“The tragedy of the fires in Southern California, still burning today, cannot be overstated. The Eaton fire has highlighted a recurring issue in wildfire risk management: the importance of maintaining adequate vegetation clearance around transmission lines. While the cause of the fire remains under investigation, LIDAR data from 2016 already showed significant vegetation encroachment along certain segments of Southern California Edison’s Vincent-Hondo line, especially in mountainous areas. This underscores the need for ongoing investment in vegetation management, particularly in high-risk zones where dry and windy conditions can quickly turn sparks or arcing into devastating fires,” said Corianna Mah, analyst at EIR.

“Our report emphasizes that wildfire risk is not just a utility issue; it’s a shared challenge for policymakers, regulators and communities. By investing in resilience measures, incentivizing proactive risk management and updating regulations to account for evolving climate realities, we can reduce the impact of wildfires on both people and infrastructure,” Mah said.

“Our analysis using FEMA’s National Risk Index reveals that California, Texas, Florida and parts of the Carolinas have the highest concentration of transmission lines exposed to extreme wildfire risk. Nearly 50% of transmission lines across the Lower 48 are in high-risk categories,” Mah said.

Key takeaways from the report:

  • California poses one of the highest risks for transmission line exposure to wildfires, driven by its large population, valuable buildings and properties. Its strict inverse condemnation laws are unique and amplify utilities’ liability to wildfire, even in cases where they are not negligent.
  • Climate, aging infrastructure, population factors and wildfire activity patterns make West Texas, Florida and the Carolinas most vulnerable to wildfire risk. Across the U.S., nearly 50% of transmission lines are in high-risk categories. 
  • Vegetation encroachment on Southern California Edison’s (EIX) Vincent-Hondo line may have played a role in the ongoing Eaton fire. The frequent reports of power line-initiated wildfires suggest that EIX is not the only utility facing this challenge during an era of heightened wildfire risk.

EIR’s analysis pulls from a variety of Enverus products including Enverus Foundations® | Power & Renewables and Enverus Fusion®.

Transmission-wildfire-risk-by-wildfire-using-EAL-scores

You must be an Enverus Intelligence® subscriber to access this report.

About Enverus Intelligence® Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

Enverus Blog

Queue Update | Decoding Project Probabilities

As renewable energy development accelerates, interconnection queues have become increasingly congested with an influx of projects looking to connect to the grid. This surge in requests has outpaced administrative capacity, leading to high levels of project suspension and cancellation.

In our latest report, Enverus Intelligence® Research (EIR) valued some of the largest power portfolios, leveraging our proprietary machine learning model to evaluate project viability and risk-adjusted valuations. Our analysis highlights key factors influencing success across the independent system operators, determining project status, developer, type, and planned and suspended capacity at the substation to be valuable across the board. Portfolios with a higher proportion of operational capacity command greater overall value, reflecting developers’ willingness to pay a premium for reduced risk. Since our last queue analysis, developer portfolios have appreciated in value, suggesting progress in the queue and a decline in associated risks.

Enverus Intelligence® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. See additional disclosures here.

Enverus Press Release - Enverus PRISM® now available for Europe

Enverus PRISM® now available for Europe

AUSTIN, Texas (Jan. 30, 2025) — Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is expanding PRISM, its hallmark energy decision-making platform to customers in Europe.

Users of RatedPower have already latched on and proven to some its benefits. For solar developers, selecting the right land and mitigating risks are critical to creating optimal sites. PRISM streamlines site prospecting by automating processes, enhancing project risk assessment, identifying suitable land and maximizing grid connection opportunities. Now with PRISM, solar developers who use RatedPower can site and design PV plants in minutes, assess project risks up to a year earlier and identify suitable land in a fraction of the time compared to traditional methods. The platform also helps reduce the time required for battery project approvals by 500 days, significantly improving the chances of securing grid connections and accelerating project timelines.

“With Enverus PRISM®, we quickly filter opportunities and gain a holistic view of viable projects. Enverus RatedPower automates our design process, turning weeks into minutes,” said Shazim Chhapra, Chief Strategy & Commercial Officer at Hodson Energy.

“Our goal is to enhance the user experience by providing access to the tools needed to optimize PV and BESS projects from siting to detailed engineering. With PRISM Europe, we take a significant step toward delivering a holistic solution for the European market, helping users save time, reduce costs and leverage real-time data for accurate, actionable results,” added Angeliki Zeaki, product manager at RatedPower.

Key features of PRISM Europe:

  • Seamless siting to design experience for holistic project optimization. Get real-time estimates of energy yield, LCOE and key site metrics. Transition seamlessly between development and design teams to complete layouts and energy yield 90% faster, and access detailed design documentation for a fully optimized plant.
  • Exhaustive GIS data layers – Navigate land parcels to identify potential leasing or purchasing opportunities that align with your project goals. Track existing and planned substations, transmission lines, and power plants to assess competition, identify interconnection options and uncover new areas for development.
  • Fast-track land suitability analysis – Evaluate land buildability on a large scale with customizable suitability analysis that factors in project-specific requirements. Pinpoint ideal parcels for solar development, optimize layouts for efficiency and strategically reduce the levelized cost of energy (LCOE) by up to 5% for more profitable and sustainable projects.
  • Easy layer transfer – Leverage the “Fusion” functionality to upload shapefile layers and integrate your proprietary data directly into PRISM. Combine custom data with existing layers for a comprehensive, tailored analysis. Enhance workflows, incorporate project specifics and unlock deeper insights for more informed decision-making.
Enverus-PRISM®-screenshot
Enverus-PRISM®-screenshot

Additional Resources:

RatedPower is inviting members of the media to PULSE, an international gathering of professionals across the whole renewable energy value chain,from world-class utilities to developers, engineering, procurement, construction contractors and asset management. This year’s conference will be held April 3 and 4, 2025, in Espacio Coam, Madrid. Members of the media with questions or looking to obtain a media registration code for PULSE should email [email protected].

About Enverus
Enverus is the most trusted energy-dedicated SaaS company, with a platform built to maximize value from generative AI, offering anytime, anywhere access to analytics and insights. These include benchmark cost and revenue data sourced from more than 95% of U.S. energy producers and more than 40,000 suppliers. Our platform, with intelligent connections, drives more efficient production and distribution, capital allocation, renewable energy development, investment and sourcing. Our experienced industry experts support our customers through thought leadership, consulting and technology innovations. We provide intelligence across the energy ecosystem: renewables, oil and gas, financial institutions, and power and utilities, with more than 6,000 customers in 50 countries. Learn more at Enverus.com.

About RatedPower 
RatedPower helps companies discover the smartest ways to design and engineer utility-scale solar PV plants and maximize their potential through their software to automate and optimize the study, analysis, design and engineering of photovoltaic plants and their electrical infrastructure in all its stages. RatedPower has helped design more than 55 TW in more than 160 countries. Bringing value to developers, IPPs, contractors, investors and manufacturers, helping them make better decisions, democratizing engineering knowledge and boosting the deployment of solar plants worldwide. Learn more at RatedPower.com.

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