Zurich & New York, Monday, February 24, 2025 - Pexapark, the trusted provider of price data, market intelligence and advisory services for renewable energy, today announced the acquisition of RenewaFi, the leading 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.

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.

By acquiring RenewaFi, Pexapark will deliver more pricing data and more 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 will rapidly expand across the US power grids, with a PJM launch planned in the coming months.

“We are thrilled to welcome RenewaFi to Pexapark,” said Luca Pedretti, Co-Founder & 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. Together, we will deliver the most comprehensive data and analytics offering in our industry.”

Founded by former power originator Noam Yaffe, RenewaFi has quickly established itself as the leader in ERCOT PPA and BESS Toll market intelligence. RenewaFi’s price tracking solution – which was introduced in April 2024 – has experienced rapid growth, including widespread adoption among the industry’s largest and most reputable companies.

“I founded RenewaFi to combat climate change and make renewable energy markets more efficient,” said 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 couldn’t be prouder of this transaction and the global platform that we will build together.”

"From our first meeting with Noam and the RenewaFi team, it was clear how well RenewaFi complements Pexapark," said Michael Waldner, Co-Founder & 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. 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.”