Campus Portfolio Strategy & Site-Selection Mastery
Glossary
- Build-to-Suit
- A facility designed and constructed to a named tenant's specification and delivered fully fitted and operational, typically under a long-term triple-net lease. The developer takes integrated delivery risk across shell, power, and fit-out in exchange for a committed creditworthy tenant.
- Entitled Powered Land
- A parcel that simultaneously holds a credible contracted path to firm megawatts on a known date, controlled land with clean title and expansion runway, and completed or de-risked entitlements. The course's designated scarcest asset because its three components are each gated by separate, slow, non-transferable institutions.
- Interconnection Queue
- The sequence, managed by a grid operator or utility, in which proposed loads and generators undergo studies determining required grid upgrades and cost allocation before connecting. In busy markets these queues span years and a mature, study-cleared position is itself a scarce, tradeable asset.
- Powered Shell
- A weatherproof, structurally complete building delivered with utility power brought to the property and provisions for future systems, but with the tenant-specific mechanical and electrical fit-out deferred to the tenant or a specialist contractor. Sells speed-to-power and lower up-front cost while the tenant retains fit-out control and risk.
- Sequencing Ladder
- The deliberate staggering of a portfolio's in-service and interconnection dates across time and across diversified grids and jurisdictions, so capacity arrives in tranches matched to demand and no single delay, shortage, or moratorium can freeze the whole program.
- Speed-to-Power
- The strategy of minimizing the time until a site can energize its load, often by progressing power in parallel with the building or by using on-site or behind-the-meter generation as a bridge until firm grid power arrives. The scarcest thing a developer can sell in a power-constrained market.
- The Four Locks
- The course's framework for a deliverable parcel: power (firm interconnection path), land control (clean title and contiguous acreage, often via options), entitlement (legal right to build at scale), and community consent. A parcel is only as strong as its weakest lock.