Independent technical due diligence

Before you commit capital, verify the physics.

Technical due diligence for investors, lenders, and acquirers in energy and electromechanical technology.

Start with a Red-Flag Screen
We work only for the party putting capital at risk.

Power generation and conversion/Energy storage/Advanced energy, including nuclear/Rotating machinery and electromechanical systems/Control systems/Electronic hardware/

Services

Diligence, sized to the deal

Three tiers of transaction diligence, plus forensic investigation and direct access to a senior engineer.

TIER 1

Red-Flag Screen

A 48 to 72 hour review of the core technical claims behind a deal. You get a candid evaluation, fast, without formal reports. It throws a red flag, surfaces questions worth pressing, or gives you a green light.

TIER 2

Technical Assessment

A written opinion on the engineering claims underpinning a transaction: production models, technology readiness, claims versus evidence. One to two week turnaround.

TIER 3

Full Technical Due Diligence

Comprehensive pre-close review scoped to the transaction: design assumptions, technical exhibits, warranty and performance guarantee terms, integration risk.

Failure Analysis and Forensic Investigation

Root-cause investigation of electronic, electromechanical, and power systems. When something has already gone wrong, we find out why. Litigation and expert witness support available.

Expert Consultation

Hourly access to a senior engineer on topics of your choosing: technology explainers, vendor claim reviews, document walk-throughs, pre-construction owner's representation.

Formal Independent Engineer reports and P.E.-certified deliverables are available where the engagement requires them.

Method

What financial diligence misses

Independence

We work only for the party putting capital at risk. No seller-side work, no vendor relationships, no success fees. Our only product is an honest answer.

Engagements

Engagements run from a rapid screen to a full pre-close review, right-sized to the transaction. Every engagement is performed by a senior principal engineer, not delegated.

We apply finance-informed, engineering-first-principles analysis to the physics, engineering, and technology your deal rests on. Financial diligence checks whether the numbers add up; we check whether the thing the numbers describe can actually work. Here are some examples we've seen:

Claims that outrun physics

Performance claims that hug hard theoretical limits, or energy balances that don't close. The deck may be beautiful, but thermodynamics is not negotiable.

The frictionless world

Models built on textbook idealizations: no parasitic loads, no thermal derating, laboratory conditions assumed in perpetuity. Fine for a homework problem, fatal to a pro forma.

Hidden 100%-reliability assumptions

No degradation curve, no unplanned downtime, availability figures with no maintenance budget behind them.

Missing failure modes

Mechanical and physical failure mechanisms that never appear in the analysis: fatigue, corrosion, thermal cycling, wear.

Technology that doesn't exist yet

Revenue that depends on components or processes still at prototype maturity, or not yet invented. Pilot results priced as if commercialization were a formality.

Motivated modeling

Systematic optimism from the party seeking your capital. Rarely fraudulent but requires independent candor.

The false premise

A deal thesis resting on a factual claim nobody independently checked. If the premise fails, nothing downstream can save the deal.

Uncertainty stackup

Every input carries uncertainty. The model quotes one number. Stacked tolerances compound into a range the pro forma never shows.

Everything goes smoothly

Siting, permitting, construction, and execution risk assumed away. Finding where these risks hide is how a deal gets properly re-valued.

Warranties that can't pay

A guarantee is only as strong as the balance sheet behind it.

About

The firm

Maka Kulia Engineering is an independent engineering practice based on Oahu, Hawaii. We provide technical due diligence for investors, lenders, and acquirers evaluating energy and electromechanical technology, and forensic failure analysis for owners and operators. We work only for the party putting capital at risk.

The name

Maka Kulia takes its name from the Hawaiian maka, the eye, and kūlia, to strive for the highest standard. We chose it because it describes the work: viewing every claim with clarity, and not stopping until the picture is complete.

The principal

Maka Kulia is led by John McClure, P.E., a licensed electrical engineer in California, Texas, and Hawaii. His nineteen years in energy began in the U.S. Navy's nuclear propulsion program and have spanned traditional and advanced nuclear, oil and gas, and grid-connected solar. He led downhole electronics research for extreme-pressure, high-temperature service and rose to vice president of engineering at an oilfield services company, and he is a named inventor on a patent for downhole exploration tools. As chief engineer of a solar startup he owned power system design and operations for utility interconnection projects, and he currently works in instrumentation and controls at an advanced nuclear company. He holds an MBA, and reads the financial model as closely as the single line diagram. Every engagement is performed by him personally.

John McClure, P.E., principal of Maka Kulia Engineering
Contact

Start a conversation

Tell us about the deal, the asset, or the failure. We will tell you how we would look at it.

John@makakulia.com

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