Pexapark has secured €20 million in Series C funding Pexapark. The A&G Energy Transition Tech Funds and Swisscom Ventures also took part in the new raising money round, which was led by leading global technology investor Telstra Ventures.
It will give Pexapark a major boost as it helps its clients in navigating novel possibilities and hazards at a crucial juncture in an energy transition. Pexapark focuses in offering guidance, risk and portfolio management software, and Power Purchase Agreement (PPA) price reference for the green power industry.
The investment is going to promote further innovation in Pexapark’s product line, which currently includes PPA transaction consulting services, the market-recognized price reference for PPAs in Europe, and Pexapark’s distinctive energy risk and portfolio management software, PexaOS.
Over 200 players in the energy from renewable sources, energy storage, and green hydrogen sectors have collectively adopted these solutions across Europe, include well-known businesses as Octopus Energy Generation, Statkraft, BP, EDF Renewables, and Covestro.
Michael Waldner, Pexapark’s CEO “The market for renewable energy is expanding significantly and steadily, driven by its affordability and strong governmental support, Despite this, investors in renewable energy face a variety of difficulties, including market uncertainty, price volatility, and regulatory restrictions. With this additional capital infusion, we enter an exciting new phase in our quest to provide renewable energy players around the world with the knowledge, tools, and techniques they need to succeed in a market that is always changing.
Pexapark founding in 2017, Pexapark has handled more than 30GW of PPA negotiations and offers price transparency to 19 distinct markets. Independent power producers (IPPs) and funds are using PexaOS to actively manage 13 GW of renewable energy assets across Europe.
The PPA reference rates from Pexapark enhance transparency across 19 marketplaces. Leading businesses are able to finish PPA contracts, manage their risk, and increase their revenue from renewable energy thanks to our consulting staff and software suite.
Pexapark was established in 2017 to offer an effective market for renewable energy with the aim of accelerating the energy transition toward net-zero.