Pexapark has acquired RenewaFi, a platform for renewable energy and battery storage in ERCOT, the grid covering most of Texas.
The deal marks Pexapark’s entry into the US, accelerating its mission to bring transparency to the rapidly evolving global renewable energy market.
Pexapark provides Power Purchase Agreement (PPA) benchmark prices, market intelligence, and advisory services for the renewable energy sector.
By acquiring RenewaFi, Pexapark says it will be able to deliver more pricing data and insights across more markets, enabling “unmatched price transparency” into PPAs and battery tolls on both sides of the Atlantic.
The company plans to expand rapidly across the US power grids, with a PJM launch planned in the coming months.
Pexapark co-founder and chief operating officer Luca Pedretti (pictured) said: “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.”
RenewaFi says its price tracking solution, which was introduced in April 2024, has experienced rapid growth, including widespread adoption among the industry’s largest companies.
Chief executive Noam Yaffe said: “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.”
Pexapark co-founder and chief executive Michael Waldner said the acquisition was about giving customers access to the best pricing intelligence, market insights and transaction opportunities in renewables.
He added: “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.
“With this acquisition, Pexapark strengthens its leadership in renewable energy pricing and market intelligence, with significant opportunities for expansion across the US and Europe.”