Pexapark, a provider of price data, market intelligence, and advisory services for renewable energy, has acquired RenewaFi, the platform for renewable energy and battery storage in ERCOT, the grid covering most of Texas. The deal marks Pexapark’s entry into the US market, accelerating its mission to bring transparency to the rapidly evolving global renewable energy market. Terms of the transaction were not disclosed. “I founded RenewaFi to combat climate change and make renewable energy markets more efficient,” remarked Noam Yaffe, Founder & CEO of RenewaFi. “Over the last couple of years, RenewaFi has built a trusted platform for renewables and battery offtake pricing in Texas. Joining Pexapark – the dominant provider of renewables intelligence in Europe – will enhance our customers’ experience and accelerate our expansion across US power markets.”
I founded RenewaFi to combat climate change and make renewable energy markets more efficient. Over the last couple of years, RenewaFi has built a trusted platform for renewables and battery offtake pricing in Texas. Joining Pexapark – the dominant provider of renewables intelligence in Europe – will enhance our customers’ experience and accelerate our expansion across US power markets. I couldn’t be prouder of this transaction and the global platform that we will build together. – Noam Yaffe
Founded by Noam Yaffe in 2019, RenewaFi had raised a total of $3M in total reported equity funding and is backed by First Round Capital, Floating Point, BoxGroup, Powerhouse Ventures, and Kiran Bhatraju (CEO of Arcadia). RenewaFi developed a platform that helps companies and utilities buy renewable energy directly from clean power facilities like wind and solar projects. The company transforms what was previously an arduous process into four simple steps, centered around automated auctions tailored to specific buyer requirements. Currently, RenewaFi has nearly 50 market participants active in its marketplace, including Fortune 500 companies, utilities, and power plant developers representing over 200 gigawatts of proposed renewable energy projects.
By acquiring RenewaFi, Pexapark will deliver enhanced pricing data and deeper insights across more markets, enabling unmatched price transparency into Power Purchase Agreements (PPAs) and Battery Tolls on both sides of the Atlantic. Combining RenewaFi’s strength in ERCOT with Pexapark’s scale and experience, the company plans to rapidly expand across US power grids, with a PJM launch planned in the coming months.
“We are thrilled to welcome RenewaFi to Pexapark,” remarked Luca Pedretti, Cofounder and COO of Pexapark. “This is a game-changer for our mission to create the world’s leading renewable energy intelligence platform. RenewaFi brings a highly complementary business, a strong US network of nearly 200 energy companies, vast amounts of high-quality price data, and a trusted marketplace for PPAs and BESS Tolls.”
We are thrilled to welcome RenewaFi to Pexapark. This is a game-changer for our mission to create the world’s leading renewable energy intelligence platform. RenewaFi brings a highly complementary business, a strong US network of nearly 200 energy companies, vast amounts of high-quality price data, and a trusted marketplace for PPAs and BESS Tolls. Together, we will deliver the most comprehensive data and analytics offering in our industry. – Luca Pedretti
For renewable energy market participants, changing market dynamics – including the continued penetration of solar and wind, higher expected load growth, and regulatory uncertainty – have led to increasingly complex contract structures. As a result, the industry needs trusted benchmarks for renewable energy pricing as well as actionable market intelligence. This strategic acquisition positions Pexapark to meet this critical demand in both Europe and the US.
“From our first meeting with Noam and the RenewaFi team, it was clear how well RenewaFi complements Pexapark,” remarked Michael Waldner, Cofounder and CEO of Pexapark. “This acquisition is about delivering impact for our customers, giving them access to the best pricing intelligence, market insights, and transaction opportunities in renewables.”
From our first meeting with Noam and the RenewaFi team, it was clear how well RenewaFi complements Pexapark. This acquisition is about delivering impact for our customers, giving them access to the best pricing intelligence, market insights, and transaction opportunities in renewables. The RenewaFi team has built a truly impressive platform with market-leading US pricing data, and a unique marketplace model – the only true offtake marketplace out there. – Michael Waldner
