Pexapark, a supplier of worth information, market intelligence, and advisory providers for renewable vitality, has acquired RenewaFi, the platform for renewable vitality and battery storage in ERCOT, the grid protecting most of Texas. The deal marks Pexapark’s entry into the US market, accelerating its mission to carry transparency to the quickly evolving international 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 are going to 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 straight from clear energy amenities 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 almost 50 market members lively 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 information and deeper insights throughout extra markets, enabling unmatched worth transparency into Energy Buy Agreements (PPAs) and Battery Tolls on either side of the Atlantic. Combining RenewaFi’s power in ERCOT with Pexapark’s scale and expertise, the corporate plans to quickly broaden 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. “This can be 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 almost 200 vitality corporations, huge quantities of high-quality worth information, and a trusted market for PPAs and BESS Tolls.”
We’re thrilled to welcome RenewaFi to Pexapark. This can be 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 almost 200 vitality corporations, huge quantities of high-quality worth information, and a trusted market for PPAs and BESS Tolls. Collectively, we’ll ship probably the most complete information and analytics providing in our business. – Luca Pedretti
For renewable vitality market members, 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 advanced contract buildings. Because of this, the business wants trusted benchmarks for renewable vitality pricing in addition to actionable market intelligence. This strategic acquisition positions Pexapark to fulfill this crucial demand in each Europe and the US.
“From our first assembly with Noam and the RenewaFi crew, it was clear how properly RenewaFi enhances Pexapark,” remarked Michael Waldner, Cofounder and CEO of Pexapark. “This acquisition is about delivering influence for our prospects, giving them entry to one of the best pricing intelligence, market insights, and transaction alternatives in renewables.”
From our first assembly with Noam and the RenewaFi crew, it was clear how properly RenewaFi enhances Pexapark. This acquisition is about delivering influence for our prospects, giving them entry to one of the best pricing intelligence, market insights, and transaction alternatives in renewables. The RenewaFi crew has constructed a really spectacular platform with market-leading US pricing information, and a singular market mannequin – the one true offtake market on the market. – Michael Waldner
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