Oak Ridge Management

Portfolio

Capital deployed across five distinct verticals with clean structural separation.

Each entity operates in a defined lane. ORM allocates and governs. Operating entities execute. Fiduciary boundaries are structural, not procedural.

Holdco · Capital Allocation

Single-member LLC. Title-holding vehicle for equipment leasing, consulting fee income, and HoldCo-level capital allocation. Governance node and standards origination entity for CEH™.

StructureSingle-Member LLC

RoleCapital Allocation · Title Holding

CEH™ TrademarkOrigin Entity

Infrastructure · Development

DGEI

Distributed Generation & Energy Infrastructure. Operates at the intersection of behind-the-meter power assets and AI compute deployment. First operator to benchmark performance in CEH™.

FocusBTM Generation · AI Compute

Arbitrage$0.040–$0.055/kWh spread

Sites6 active project locations

Real Estate · Development & Ownership

Real Estate Ventures

Active development and ownership in self-storage facilities and mobile home communities. Asset classes characterized by durable cash flow, low operational complexity, and strong performance across economic cycles.

Asset ClassesSelf Storage · MHC

RoleDevelopment · Ownership

ProfileCash Flow · Cycle-Resilient

AI Hardware · Leasing

Server Leasing

Acquires and deploys GPU server infrastructure, leasing capacity to neo-cloud operators and AI compute platforms. ORM holds title and takes depreciation. Hardware is benchmarked and reported in CEH™.

ModelBuy · Deploy · Lease

CounterpartiesNeo-Cloud Operators

ReportingCEH™ Benchmarked

AI Infrastructure · Early Stake

QumulusAI

Early investor and stakeholder in QumulusAI, an AI infrastructure and compute deployment platform. Participation positions ORM at the operational layer of the AI hardware stack — aligning financial and strategic exposure.

RoleEarly Investor · Stakeholder

SectorAI Compute Infrastructure

AlignmentStrategic + Financial

Hardware Distribution · Strategic Partnership

VFG Group & Inventec

Strategic partnership with VFG Group, which holds a distribution agreement with Inventec — one of the world's largest ODM manufacturers and a primary production partner for major hyperscalers. The arrangement provides ORM and DGEI access to server hardware at the distribution layer, supporting both the server leasing program and DGEI's AI compute infrastructure buildout.

PartnerVFG Group

ManufacturerInventec · ODM · Hyperscaler-Grade

AgreementDistribution · Hardware Supply

Strategic ValueSupply Chain Access · Cost Basis Advantage

DownstreamServer Leasing · DGEI Infrastructure

Standards Origination

CEH™ — The unit AI infrastructure was missing.

Compute Energy Hour. The first standard unit to bridge hardware performance, energy economics, and carbon accounting into a single auditable number. Originated by Oak Ridge Management, April 2026.

Formal Definition

CEH™ is defined as kilowatt-hours of facility energy consumed per unit of compute output per hour, adjusted for hardware utilization and facility overhead.

CEH™ = ( TDP_W × N × u × PUE ) ÷ 1,000 ÷ COU/hr CEH™ Cost = CEH™ × $/kWh CEH™ Carbon = CEH™ × kg CO₂/kWh

Energy-agnostic. Workload-portable. Reproducible by any party from disclosed inputs. Lower CEH™ = greater energy efficiency per unit of useful compute output.

CEH Standard Site arXiv Paper

v1.0 Benchmark Index · LLM Inference

Grd Hardware CEH™ Rate

S NVIDIA B200 Blackwell 2025 2.44×10⁻⁷

A Google TPU v4 2023 4.27×10⁻⁷

A NVIDIA H200 Hopper 2024 4.83×10⁻⁷

A NVIDIA L40S Ada Lovelace 5.17×10⁻⁷

A NVIDIA H100 SXM Hopper 2023 6.20×10⁻⁷

B AMD MI300X CDNA3 7.32×10⁻⁷

B NVIDIA A100 Ampere 7.62×10⁻⁷

C NVIDIA RTX 4090 Ada Consumer 1.20×10⁻⁶

D NVIDIA V100 Volta 2018 2.14×10⁻⁶

F CPU Cluster (EPYC) x86 Baseline 6.11×10⁻⁶

PUE 1.2 · Grid $0.085/kWh · BTM $0.035/kWh · Sources: MLPerf v5.1, CUDO, Koyeb, Spheron 2025–26

59% CEH™ Cost Reduction · BTM vs Grid

$0.035 Representative BTM Rate · $/kWh

93% CEH™ Carbon Reduction · BTM vs Grid

$224K Annual Energy Saving · 10-Node Cluster

Investment Thesis

AI demand is outpacing grid capacity. BTM generation is the structural answer.

PJM interconnection queues now exceed 8 years. Grid rates are rising. Behind-the-meter dispatchable generation delivers firm power at $0.030–$0.045/kWh — source-agnostic — while grid operators compete for capacity that doesn't exist.

Power as Infrastructure Moat

Grid interconnection queues in PJM exceed 8 years. BTM firm generation bypasses the queue entirely. The constraint is real estate and permitting — not technology. DGEI's distributed project portfolio creates multiple BTM positions that compound over time.

Structural

CEH™ Standard Ownership

First to name and define the unit of compute energy intensity. Citation gravity builds over time — once analysts, investors, and regulators reference CEH™, ORM owns the conversation. This is not a product. It is a market definition tool.

First-Mover

Vertical Integration · Both Sides of the Spread

Owning both the energy asset and the compute asset means capturing both the CEH™ rate arbitrage and the inference revenue. Most competitors own one side. Both layers compound at every compute hour delivered.

Structural

FERC Dec 2025 Timing Window

FERC's unanimous December 2025 ruling reformed BTM generation rules effective January 2026. This is a 12–18 month window before the market standardizes. DGEI's existing DG infrastructure positions it to move in Q2/Q3 2026 while competitors clear regulatory diligence.

Timing

Market Context

Grid Supply Collapse

8+ Years

PJM interconnection queue. AI demand growing 30% annually (IEA). Data centers compete directly with residential consumers for capacity.

Private Capital Inflow

$580B

Global AI infrastructure spend in 2025. Apollo, KKR, Energy Capital Partners backing compute + power co-location. Hyperscalers signed 46 GW of renewable PPAs in 2024 alone.

CEH™ Arbitrage Spread

$0.040–$0.055

Per kWh spread on every compute hour flowing through DGEI infrastructure. At 10 MW scale: $3.5M–$4.8M/year pure CEH™ rate arbitrage.

FERC Regulatory Clearance

Dec 2025

Unanimous FERC order reformed BTM generation rules, created 3 new transmission service options for data center co-location. BTM compute is now the fastest legally cleared path to new AI capacity.

Execution Roadmap

Phased build from standard origination to infrastructure platform.

Q2 2026 · Now

Foundation

CEH™ Standard v1.0 published
Site power assessments · BTM viability
PPA term sheet negotiations initiated
Capital stack structure finalized
arXiv paper submission

Q3–Q4 2026

First BTM Node

First BTM PPA executed
Pilot GPU cluster · 8–16 nodes
CEH™ benchmarking live
First inference revenue

2027

Scale

Multi-site BTM expansion
Green compute premium offering
REC monetization active
CEH™ Index v2.0 published

2028+

Platform

CEH™ as industry reference standard
DGEI as infrastructure operator at scale
Energy arbitrage >$10M/yr
Standards body engagement · IEEE, Green Grid

Project Site Portfolio

Site 01

St. Paul

MN · Active

Site 02

Bowman

ND · Active

Site 03

Cordele

GA · Active

Site 04

Union Parish

LA · Active

Site 05

Montgomery

AL · Active

Site 06

Nevada

NV · Active

Distributed geographic optionality. Multiple grid interconnection points, multiple regulatory jurisdictions, multiple energy market exposures. No single-point-of-failure in the power strategy.

Leadership

Inquiries regarding capital allocation, CEH™ licensing, and infrastructure development.

Daniel Cobb

Founder · Oak Ridge Management · Managing Director, Platform Strategy & Risk · Strategic Benefit Resources

Daniel Cobb is the Founder of Oak Ridge Management, a platform built to operate at the intersection of infrastructure, capital, and applied intelligence.

He currently serves as Managing Director, Platform Strategy & Risk at Strategic Benefit Resources, where he has built and manages one of the largest stop-loss books in the country, approaching $100 million in premium. His work centers on structuring risk, aligning incentives, and delivering measurable outcomes for employers navigating increasingly complex cost environments.

Cobb's career has evolved from advising on risk to architecting platforms — bringing together capital partners, operators, and demand into cohesive, scalable systems. His work spans large-scale infrastructure initiatives, AI hardware deployment, and real asset ownership — including self-storage and mobile home community development — as well as his role as President of Platform Capital & Commercial Strategy for DG Energy & Infrastructure, where he focuses on capital formation, offtake strategy, and integrated platform economics in the data center and energy sectors.

At Oak Ridge, he is building independent intellectual property and market frameworks designed to standardize and unlock value across emerging industries. This includes the development of Compute Energy Hour (CEH™) — a proposed industry benchmark that connects compute output, energy consumption, and cost into a single measurable unit. Alongside CEH™, he holds an early investor and stakeholder position in QumulusAI, acquires and leases GPU server infrastructure to neo-cloud operators, and has established a strategic partnership with VFG Group, which holds a distribution agreement with Inventec — providing supply chain access to hyperscaler-grade server hardware at the distribution layer.

Cobb is known for his ability to connect disparate systems — capital, infrastructure, and demand — and translate them into executable strategies. His approach is grounded in a simple principle: if it can be measured, it can be improved; if it can be structured, it can scale.

Before his career in business, Cobb was a Division I quarterback, playing at both the University of Georgia and Auburn University, where he led teams at the highest levels of college football. His path — including early adversity, transfer, and return to elite competition — shaped the mindset that now defines his work: discipline, accountability, and a relentless focus on execution.

He brings that same philosophy to Oak Ridge Management — building platforms designed not just to participate in markets, but to define them.

Entity

Oak Ridge Management, LLC · Atlanta, Georgia

CEH™ Standard

cehstandard.com ↗

Infrastructure Development

DGEI — contact via form

Disclosures

For informational purposes only. Nothing herein constitutes an offer to sell or solicitation of an offer to purchase any security. CEH™ is a trademark of Oak Ridge Management. v1.0 first published April 21, 2026.

BTM energy rates are benchmark range figures. Actual rates vary by generation type, geography, project scale, and contract vintage. Market data: IEA · FERC Dec 2025 · LevelTen Q1 2026 · EPA eGRID 2024 · EIA 2025 · MLPerf v5.1.

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Capital allocation at the intersection of energy and compute infrastructure.