Pexapark acquires RenewaFi to expand US renewable energy pricing

Switzerland-based Pexapark has recently acquired UK-based RenewaFi, a platform specializing in renewable energy and storage pricing in ERCOT. This acquisition marks Pexapark’s expansion into the US market, strengthening its role in energy pricing and intelligence. As per industry reports, the clean energy sector is facing increasing complexity due to higher PV and wind penetration, rising demand, and evolving regulations, increasing the need for clear pricing benchmarks. RenewaFi was launched in April 2024 and has been widely adopted by major industry players. Pexapark stated that it plans to integrate RenewaFi’s 200-company network and marketplace model into its intelligence platform. Pexapark also plans to expand beyond ERCOT, with an upcoming launch in PJM. As per Pexapark, the acquisition will also enhance transaction opportunities, and market insights in the US renewable energy sector.