London / Vienna, 24 July 2024
Enery has closed a strategic investment in Renewabl – an innovative procurement and sustainability platform for temporal-matched renewable energy. Renewabl’s solutions empower companies to analyze their energy consumption and purchase the most optimal renewable energy solutions like GOs directly from suppliers. With this investment Enery expands its offering portfolio of green energy solutions, enabling clients accurate tracking and transparent sourcing of 24/7 carbon free.
The investment is part of Renewabl’s multi-million seed funding rounds, led by Helen Ventures, and includes support from Encevo Group, Toyota Ventures, Nesta, and reinvestments from PortfoLion and QVentures, alongside continuous backing from South Pole. This infusion of capital will enable Renewabl to expand its operations across key European markets and accelerate the development of its two core products: Renewabl Track and Renewabl Trade to simplify the adoption of traceable, carbon-free energy solutions.
Renewabl’s platform aims to enhance the transparency and efficiency of renewable energy procurement. Renewabl Track is an advanced SaaS tool that visualizes and assesses consumption data and renewable energy portfolios, focusing on hourly carbon-free energy (CFE) scores and Scope 2 and 3 emissions. Renewabl Trade is a cutting-edge tendering platform and marketplace that enables companies to source temporal matched renewable energy and related certificates directly from suppliers and power producers.
Enery is the primary partner managing marketplace transactions and tenders in Austria, Slovakia, the Czech Republic, Bulgaria, Romania, Estonia, Lithuania, and Poland. This partnership positions Enery to effectively meet the growing demand from commercial and industrial clients for traceable and sustainable energy solutions, crucial for companies that need to comply with stringent ESG criteria.
Quote from Renewabl:
“While the energy transition accelerates, the market couldn’t be clearer about its need for the latest technology solutions to overcome emerging hurdles to transparent, clean energy procurement,” said JP Cerda, CEO and co-founder of Renewabl. “Corporates, more than ever, are looking not only for traceability in their clean energy commitments but also to align with ESG criteria set by over 80% of asset managers. They need supply to definitively match their consumption needs. At Renewabl, we’ve innovated to provide a market solution to this dynamic. With the success of our fundraising, it’s clear that our investors see our offer as a highly credible route forward for solving one of the most fundamental challenges to increasing the uptake of carbon-free electricity. We look forward to working with our investor partners as we continue to innovate and expand the geographical reach of our offering.”
Quote from Enery:
“We are excited to join forces with Renewabl on the mission to transform energy supply for commercial and industrial clients. Their innovative approach to 24/7 clean energy tracking fits perfectly with our commitment to provide sustainable energy solutions for our clients,” said Philipp Kamaryt, VP of Innovation & Strategy at Enery. “This investment is not just about financial backing, but about fostering a partnership that will drive significant advancements in the transparency and effectiveness of the energy transition. Enery is dedicated to pushing the boundaries of what’s possible in the renewable energy market. Our partnership with Renewabl exemplifies our commitment to innovation and aligns with our efforts to support the transition towards a low-carbon economy and power Europe’s industry sustainably.”
About Renewabl:
Renewabl was founded in 2023 by Juan Pablo Cerda, with extensive experience at BP, Shell, and ED&F MAN, alongside Nick Martyniuk, formerly of WePower in Australia. The team’s combined 80+ years of experience in clean energy, coupled with significant headcount growth over the past year, positions Renewabl to attract top talent and drive industry-leading advancements.
Website: Renewabl | 24/7 renewable energy matching
About Enery
Enery is an independent renewable energy provider dedicated to supplying its customers with reliable, affordable, long-term green energy. With a diversified green fleet currently generating almost 450 GWh of clean electricity from 312 MW and powering more than 185 000 households, Enery is at the forefront of driving the CEE region’s transition to sustainable energy. The company’s ambitious plans include ongoing development projects with more than 8 GW in 11 countries. With its diverse and multidisciplinary team of more than 25 nationalities, Enery focuses on developing, constructing, and operating renewable energy projects by integrating environmental, social, and governance (ESG) factors into every aspect of day-to-day business.
Website: https://enery.energy/en/home/
For further information:
Luma Manina, Senior Marketing Manager at Renewabl: luma@renewabl.com / +44 7934 584123