Hyve NEXA

The intelligence engine that produces every HCR score — and directs every infrastructure deal.

WHAT IS NEXA?

Compressing 18 months of manual diligence into a 48-hour signal.

NEXA - the Infrastructure Risk Rating Intelligence System — is Hyve's proprietary deal intelligence engine. It ingests eight raw document streams, automatically flags gaps, and produces an 8-Dimension HCR Score. Consistent. Comparable. Auditable. A number, not a narrative.

Eight streams feed the engine: feasibility studies, financial models, EPC and legal documentation, off-take agreements, environmental and ESG reports, permits and regulatory filings, sponsor track record, and live market data. Documentation does not need to be complete. NEXA is built to work with what exists — and to tell you precisely what is missing.

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THE ENGINE

Eight Inputs. One Decisive Output.

NEXA processes eight parallel streams of due diligence simultaneously and aggregates them into a single structured HCR score. Not a narrative. Not a judgment call. A precise, auditable rating produced to a defined template, comparable across every transaction NEXA has reviewed.

THE GAP ANALYSIS

What's Missing. What Must Change.

NEXA identifies precisely which documents are absent, which assumptions are inconsistent, and which risk dimensions remain unresolved. For sponsors, this is a financing roadmap. For investors, a pre-diligence red flag register — produced before a single hour of internal analyst time is spent.

THE LEARNING SYSTEM

The CRSP of Infrastructure.

Every HCR score and financed project feeds a proprietary dataset tracking predicted risk against realised outcomes. Just as CRSP built the empirical foundation for equity analysis, Hyve is building the unassailable data moat for real assets. The system learns. It cannot be replicated from scratch.

THE FINANCING LAYER

From Score to Executable Structure.

Once the HCR is established, IRRIS connects directly to Hyve's financial options framework. Which instruments are appropriate? MTNs, TRS, PPNs, or ROV structures? NEXA maps the path from a scored asset to a funded transaction.

How NEXA Is Used

NEXA is built for anyone who needs a decision — not a description.

For Investors: Pre-Commitment Deal Screening

Before allocating a single hour of internal due diligence, NEXA tells institutional investors whether a deal meets their mandate — return threshold, risk tolerance, sector criteria, SFDR/TCFD compliance, and jurisdiction parameters. The output arrives with full dimensional scoring, gap identification, and a clear go/no-go assessment. What used to require a team of analysts for months arrives in 48 hours.

For Credit Committees: An Auditable Rating Trail

Every NEXA output is documented with timestamped data inputs, dimension-level scoring rationale, and a full log of rating actions. Committees can interrogate not just the score but the logic behind every point. When a construction milestone is hit or an offtaker is downgraded — the score updates and the reasoning updates with it.

For Developers: A Precise Path to Institutional Capital

A low score on off-take durability is a directive to secure a longer-term contract. A weak permitting score is a map to the approvals that unlock financing. NEXA identifies precise documentation gaps and auto-generates term sheet frameworks. No guessing what institutions need.

For Portfolio Managers: Consistent Cross-Portfolio Intelligence

HCR scores produced by NEXA are comparable across every deal the system has reviewed. Portfolio managers can allocate across HCR risk tiers, set score-based mandates, and monitor live score changes. API integrations enable portfolio-level analytics. For the first time, infrastructure performs like a benchmarkable asset class.

HOW NEXA WORKS

What the spiral means.

The NEXA methodology is built on a core insight: infrastructure project risk is multi-faceted, and no single metric can capture it. NEXA evaluates all eight dimensions simultaneously. Each dimension is scored on a defined scale — financial ratios computed automatically, qualitative factors scored against institutional-grade rubrics developed from S&P, Moody's, Fitch, and DBRS project finance methodologies.

Weights are calibrated to project type: a renewable energy plant weights off-take risk more heavily; a data centre weights market demand and sponsor quality; a PPP weights counterparty credit. Every project is evaluated on all eight dimensions. Nothing is omitted. HCR scores map to traditional rating tiers: HCR 90+ approximates AA; HCR 60 sits in BBB territory.

The spiral is not a story of early weakness becoming later strength. NEXA produces structured, reliable output from the very first deal. The spiral represents velocity and precision accumulating over time. New data nodes — ESG risk reports, grid connection studies, climate stress tests — can be absorbed at any point. The architecture is open by design.

Infrastructure due diligence shouldn't take months.

Submit your deal documentation. NEXA processes every input, scores every dimension, identifies every gap, and produces a structured HCR rating — with full reasoning — in 48 to 72 hours.

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