Pexapark, a supplier of value knowledge, market intelligence, and advisory companies for renewable vitality, has acquired RenewaFi, the platform for renewable vitality and battery storage in ERCOT, the grid masking most of Texas. The deal marks Pexapark’s entry into the US market, accelerating its mission to convey transparency to the quickly evolving world renewable vitality market. Phrases of the transaction weren’t disclosed. “I based RenewaFi to fight local weather change and make renewable vitality markets extra environment friendly,” remarked Noam Yaffe, Founder & CEO of RenewaFi. “During the last couple of years, RenewaFi has constructed a trusted platform for renewables and battery offtake pricing in Texas. Becoming a member of Pexapark – the dominant supplier of renewables intelligence in Europe – will improve our prospects’ expertise and speed up our enlargement throughout US energy markets.”
I based RenewaFi to fight local weather change and make renewable vitality markets extra environment friendly. During the last couple of years, RenewaFi has constructed a trusted platform for renewables and battery offtake pricing in Texas. Becoming a member of Pexapark – the dominant supplier of renewables intelligence in Europe – will improve our prospects’ expertise and speed up our enlargement throughout US energy markets. I couldn’t be prouder of this transaction and the worldwide platform that we’ll construct collectively. – Noam Yaffe
Based by Noam Yaffe in 2019, RenewaFi had raised a complete of $3M in whole reported fairness funding and is backed by First Spherical Capital, Floating Level, BoxGroup, Powerhouse Ventures, and Kiran Bhatraju (CEO of Arcadia). RenewaFi developed a platform that helps corporations and utilities purchase renewable vitality immediately from clear energy services like wind and photo voltaic initiatives. The corporate transforms what was beforehand an arduous course of into 4 easy steps, centered round automated auctions tailor-made to particular purchaser necessities. At the moment, RenewaFi has practically 50 market individuals energetic in its market, together with Fortune 500 corporations, utilities, and energy plant builders representing over 200 gigawatts of proposed renewable vitality initiatives.
By buying RenewaFi, Pexapark will ship enhanced pricing knowledge and deeper insights throughout extra markets, enabling unmatched value transparency into Energy Buy Agreements (PPAs) and Battery Tolls on either side of the Atlantic. Combining RenewaFi’s energy in ERCOT with Pexapark’s scale and expertise, the corporate plans to quickly increase throughout US energy grids, with a PJM launch deliberate within the coming months.
“We’re thrilled to welcome RenewaFi to Pexapark,” remarked Luca Pedretti, Cofounder and COO of Pexapark. “It is a game-changer for our mission to create the world’s main renewable vitality intelligence platform. RenewaFi brings a extremely complementary enterprise, a robust US community of practically 200 vitality corporations, huge quantities of high-quality value knowledge, and a trusted market for PPAs and BESS Tolls.”
We’re thrilled to welcome RenewaFi to Pexapark. It is a game-changer for our mission to create the world’s main renewable vitality intelligence platform. RenewaFi brings a extremely complementary enterprise, a robust US community of practically 200 vitality corporations, huge quantities of high-quality value knowledge, and a trusted market for PPAs and BESS Tolls. Collectively, we are going to ship essentially the most complete knowledge and analytics providing in our business. – Luca Pedretti
For renewable vitality market individuals, altering market dynamics – together with the continued penetration of photo voltaic and wind, increased anticipated load progress, and regulatory uncertainty – have led to more and more complicated contract buildings. Consequently, the business wants trusted benchmarks for renewable vitality pricing in addition to actionable market intelligence. This strategic acquisition positions Pexapark to satisfy this crucial demand in each Europe and the US.
“From our first assembly with Noam and the RenewaFi group, it was clear how nicely RenewaFi enhances Pexapark,” remarked Michael Waldner, Cofounder and CEO of Pexapark. “This acquisition is about delivering influence for our prospects, giving them entry to the most effective pricing intelligence, market insights, and transaction alternatives in renewables.”
From our first assembly with Noam and the RenewaFi group, it was clear how nicely RenewaFi enhances Pexapark. This acquisition is about delivering influence for our prospects, giving them entry to the most effective pricing intelligence, market insights, and transaction alternatives in renewables. The RenewaFi group has constructed a very spectacular platform with market-leading US pricing knowledge, and a novel market mannequin – the one true offtake market on the market. – Michael Waldner
You’re seconds away from signing up for the most popular record in NYC Tech!
Join right this moment
