More news about Pexapark AG

EUR3.5 million to grow a renewable energy-trading platform

12.12.2018 16:55
Renewable Energy

Today, renewable energy investors are finding it complex to sell their energy in the open market. Pexapark addresses this problem by offering them an all-in-one solution for their renewable energy sales. Today Pexapark announced a Series A round of EUR 3.5 million, which will be invested into the further development of the platform and the growth of the team.

Pexapark is a Swiss fintech that offers renewable investors a platform to help them sell their energy. An all-in-one solution that helps clients structure their power sales, complete PPA (power purchase agreement) transactions and monitor their energy risks. PEXAConnect, what they affectionally refer to as the “Bloomberg of Renewables”, aims to become the first renewable energy trading platform.

Founded in August 2017, by Michael Waldner, Luca Pedretti and Florian Müller, Pexapark was created to help investors sell energy in the complex energy markets. The renewable energy sector is going through a major paradigm shift, as markets are transitioning from a heavily subsidized system to an open market. This is having a major impact on energy revenues as they become volatile, technical and complex to manage. With investors struggling to oversee their assets in an effective manner, Pexapark has created a platform that would offer investors a more effective solution to manage the energy sales of their wind farms and solar parks.

With EUR 1.5 million in seed capital the three founders grew the team in a bit over a year to over 20 software engineers and product specialists. With clients that include, Credit Suisse and energy specialist Encavis, Pexapark has advised on over 2.2 GW in PPA transactions in Europe.

Today Pexapark announced their Series A round of EUR 3.5 million, which will be invested into the further development of the platform and the growth of the team. The founders are targeting their Series B for 2020 in order to become the industry standard for renewable energy trading.

(Press release)

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