Pexapark, a specialized provider of Power Purchase Agreement (PPA) price reference, risk management software, and advisory services for renewable energy, has successfully secured €20 million in a Series C funding round.
The funding, led by global technology investor Telstra Ventures, with participation from Swisscom Ventures and the A&G Energy Transition Tech Fund, is set to fuel Pexapark’s rapid expansion in the global renewable energy markets.
With the renewable energy market experiencing substantial and sustained growth driven by cost competitiveness and strong political support, Pexapark aims to empower renewable energy players with market intelligence and energy risk management capabilities. These capabilities are crucial for efficiently pricing energy and managing exposure to market risks in a dynamically changing landscape.
Michael Waldner, CEO of Pexapark, stated, “This fresh injection of capital takes us into the next exciting phase of our mission to equip renewable energy players around the globe with the expertise, processes, and systems to thrive amid evolving market dynamics.”
The funds raised will drive further innovation in Pexapark’s offerings, including the trusted reference prices for PPAs in Europe, PPA transaction advisory services, and their unique energy risk and portfolio management software, PexaOS. These services have already been adopted by over 200 renewable energy, storage, and green hydrogen players across Europe, including leading companies like Octopus Energy Generation, Statkraft, BP, EDF Renewables, and Covestro.
Pexapark currently provides price transparency in 19 markets and has supported over 30GW of PPA deals to date. PexaOS is actively used by Independent Power Producers (IPPs) and funds to manage 13 GW of renewable energy assets across Europe.
Leveraging the global presence of Telstra Ventures, Swisscom Ventures, and A&G Energy Transition Tech Fund, Pexapark aims to expand its team and offerings to meet the growing global demand for their services.
Albert Bielinko, Partner at Telstra Ventures, emphasized the critical role Pexapark plays in ensuring the efficiency of the PPA signing process, especially as the world transitions to renewables and government subsidies are phased out. Jennifer Webb, Investment Director at Swisscom Ventures, stressed Pexapark’s unique position in addressing price volatility and regulatory changes in the rapidly growing renewable energy market.
Juan Diego Bernal, Managing Director at A&G Energy Transition Tech fund, commended Pexapark’s role in providing data-driven products and services that offer insights and transparency into electricity markets and energy trading through PPAs, aiding investors and offtakers in making informed decisions.
The Series C funding round saw support from existing investors like RP Global, Encavis, BayWa r.e. Energy Ventures, S&P Global, and Fluence Energy, Inc., reinforcing Pexapark’s status as a trusted leader in the renewable energy sector. The funding round was facilitated by Arctic Securities and Walder Wyss.