Research

No one aggregates what is being built beneath the surface. The ground is unseen, project data is fragmented, and the market itself is opaque. Our research exists to close that gap: independent analysis of the underground economy, published on our own account and never paid for by its subjects.

What we publish

Redevon launched in 2026 on the view that the next era of infrastructure is being built beneath our cities, and that the underground needs to be made legible in its data and in its market. Research is one half of that work; the project intelligence systems we build and run are the other.
The world is building downward, into metros, tunnels, deep utilities, underground storage and underground space, and the underground is where construction is most uncertain. Our research follows that money and that uncertainty: what is being built, by whom, at what cost, and on what evidence.
We are early in our journey and honest about it. We would rather publish a small number of things we can stand behind than a steady stream we cannot.
Market briefs
Short, evidenced notes on movements in the underground economy: what is being procured, where capital is going, and what the numbers do and do not support.
Underground Economy Tracker
Our standing effort to aggregate what is being built beneath the surface, because no one else does: projects, values and timelines, assembled into one view.
Sector analysis
Where subterranean infrastructure is heading across the sectors we work in, from metros and tunnelling to deep utilities and underground storage.

How we keep it independent

Published research is never paid for by its subjects, and we do not accept sponsorship of research. Any commercial relationship with a party mentioned in our research, whether retainer, commission or equity, is disclosed in that research. Always.
A client may engage Redevon as an independent advisor, or be introduced by Redevon under a fee arrangement, on a given matter, but never both on the same matter. That boundary is published, and it is what makes the research worth reading.
Talk to us about our research