Pexapark acquires RenewaFi, enters US renewables market

Pexapark, the provider of renewable energy pricing data and market intelligence, has acquired RenewaFi, a platform for renewable energy market intelligence and battery storage in ERCOT, Texas, marking its entry into the US market.

The acquisition comes in response to changing dynamics in the renewable energy sector, including increasing complexity in contract structures due to growth in solar and wind energy, expected higher load demand, and regulatory uncertainty. These changes necessitate reliable benchmarks for renewable energy pricing and actionable intelligence in both the US and European markets. The acquisition positions Pexapark to address these needs.

By joining forces with RenewaFi, Pexapark aims to provide expanded pricing data and insights across various markets, thereby enhancing price transparency for Power Purchase Agreements (PPAs) and Battery Tolls in both Europe and the US. Pexapark plans to expand rapidly across US power grids, with a launch in PJM scheduled in the coming months.

Luca Pedretti, Co-Founder and COO of Pexapark, commented on the acquisition: "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 was founded by Noam Yaffe, a former power originator, and has established itself as a leader in ERCOT PPA and BESS Toll market intelligence since its inception. The company's price tracking solution has seen significant growth since its introduction in 2024, gaining traction among major industry participants.

Reflecting on the acquisition, Noam Yaffe, Founder and CEO of RenewaFi, stated, "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."

Michael Waldner, Co-Founder and CEO of Pexapark, highlighted the strategic fit of RenewaFi for Pexapark, saying, "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. With this acquisition, Pexapark strengthens its leadership in renewable energy pricing and market intelligence, with significant opportunities for expansion across the US and Europe. As we integrate, our customers can expect exciting new developments and an expanding offering."

The acquisition of RenewaFi enables Pexapark to leverage RenewaFi's extensive US network and data resources as it continues its bid to enhance market transparency and efficiency in the global renewable energy sector.