https://megawatt.finance/blog Writing on solar and battery storage, energy markets, tokenization, and what investors should check before they commit capital. en Wed, 11 Nov 2026 08:00:00 GMT https://megawatt.finance/blog/tokenized-assets-legal-register https://megawatt.finance/blog/tokenized-assets-legal-register Wed, 11 Nov 2026 08:00:00 GMT A blockchain records who holds a token. A register records who owns a security in law. When the two are kept separately, the token mirrors the register and the register decides ownership. When the law or the record-keeper recognises the chain, the token is the record. Large tokenized funds launched in 2026 took both routes. For any tokenized asset, the first question is which record a court would read. Jacopo Buriollo Physical assets onchain Transparency and verification https://megawatt.finance/blog/battery-storage-warranties https://megawatt.finance/blog/battery-storage-warranties Wed, 04 Nov 2026 08:00:00 GMT A battery storage warranty runs for ten to fifteen years, and its value depends on three conditions: a company still able to honour it, an owner holding the data to prove a claim, and terms that fit how the battery is run. Three German battery storage businesses entered insolvency proceedings within three months in 2026. Investors should treat a warranty as a counterparty exposure and check it the way they check any other. Jacopo Buriollo Infrastructure finance Transparency and verification https://megawatt.finance/blog/power-price-regimes https://megawatt.finance/blog/power-price-regimes Wed, 28 Oct 2026 08:00:00 GMT Power prices used to follow a daily shape that could be averaged into an assumption. They now move between distinct regimes, and revenue is earned unevenly across them. Averaging produces a model that is easy to build and defend but describes the market poorly. A better model shows revenue by regime and how often each regime occurs. Jacopo Buriollo Energy markets Transparency and verification https://megawatt.finance/blog/are-tokenized-assets-liquid https://megawatt.finance/blog/are-tokenized-assets-liquid Wed, 21 Oct 2026 08:00:00 GMT Tokenized assets are not automatically liquid. For long-lived real-world assets, liquidity works like an option holders rarely exercise: what matters is a credible exit window, an understandable price and someone with a reason to take the other side. Jacopo Buriollo Liquidity and structure Physical assets onchain https://megawatt.finance/blog/battery-storage-revenue-benchmarks https://megawatt.finance/blog/battery-storage-revenue-benchmarks Wed, 14 Oct 2026 08:00:00 GMT Battery revenue benchmarks are model outputs built on different assumptions about foresight, availability, cycling, usable capacity and costs, so the same market and month can produce answers far apart. A benchmark is a useful anchor, and the real work is translating it into what a specific asset will keep. Jacopo Buriollo Energy markets Transparency and verification https://megawatt.finance/blog/verifying-real-world-asset-data https://megawatt.finance/blog/verifying-real-world-asset-data Mon, 12 Oct 2026 08:00:00 GMT Verifying real-world asset data onchain starts with the source, not the oracle. For solar farms and battery storage, the settlement meter at the grid connection is a reading the owner cannot adjust, and publishing it continuously changes what investors can know. Jacopo Buriollo Transparency and verification Physical assets onchain https://megawatt.finance/blog/battery-storage-revenue-stacking https://megawatt.finance/blog/battery-storage-revenue-stacking Mon, 28 Sep 2026 08:00:00 GMT Battery storage revenue streams compete for the same megawatts at the same moment, so adding them together gives an upper bound rather than a forecast. The dispatch priority order and the optimiser's objective decide what an asset really earns, and both can be disclosed. Jacopo Buriollo Energy markets Transparency and verification https://megawatt.finance/blog/tokenizing-physical-assets https://megawatt.finance/blog/tokenizing-physical-assets Mon, 28 Sep 2026 08:00:00 GMT Everything that scaled onchain was already liquid before it was tokenized. Physical infrastructure has to build its price, its legal wrapper and its buyers from scratch, and most of that work is legal rather than technical. Jacopo Buriollo Physical assets onchain Liquidity and structure