The arrangement
Two counterparties who cannot reach each other.
Power sits where nobody will build. Compute needs capacity now. Nawa signs with both and carries the deployment between them.
The arrangement
Power sits where nobody will build. Compute needs capacity now. Nawa signs with both and carries the deployment between them.
Who this is for
You hold power
A service sits under-drawn, or generation gets curtailed because the lines out are full. The capacity is real and it earns nothing while it waits.
Nawa places a load on it. The units arrive built. The site provides power, a pad, and a fibre path, and carries no construction and no capital.
You need compute
Queues for large loads run years in the markets everyone is bidding into. A compliance date or a launch does not move to match a queue position.
Nawa deploys against services that already exist. The configuration follows what a site holds, and the schedule follows freight and civils.
You own silicon
Accelerators lose a large share of their value across three years. Every month one sits unpowered, a slice of that value goes with no work done against it.
Nawa gives the hardware a powered home and operates it. Title stays with the owner, and the arrangement is a fee for hosting and operation.
Structure
Structure is public here. Price and term stay in the contract.
The site agreement and the capacity agreement both carry the Nawa name. Neither counterparty contracts with the other, and neither takes the other as credit risk.
What Nawa promises on one side is held against a matching commitment on the other. A capacity obligation is written against secured power, and a hosting fee is written against a signed offtake.
Each site sits in its own vehicle. A problem at one deployment stays there. It reaches no other counterparty and no other lender.
Power is billed at tariff and passes to the offtaker. Nawa takes no position on the price of electricity and no margin on it.
Origination, integration, operation, and a carry on the deployment. The company holds no debt against the fleet, takes no title to silicon it did not buy, and signs no uncapped service obligation.
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