Ren is a procurement platform that enables companies to map their emissions data and engage suppliers in transitioning to renewable energy, facilitating the decarbonization of global supply chains. By providing tools for contract tracking and renewable energy portfolio development, Ren helps organizations meet their climate targets while simplifying complex energy procurement processes.
Funding
$2.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies struggle to gain visibility into their value chain emissions, particularly Scope 3, making it difficult to identify emission hotspots and develop effective decarbonization strategies. Engaging suppliers in the transition to renewable energy is complex, especially in global markets with varying regulations and renewable energy availability. Tracking existing energy contracts and ensuring they align with climate targets adds another layer of complexity to the procurement process.
Solution
Ren provides a procurement platform designed to help companies map their emissions data and engage suppliers in transitioning to renewable energy sources. The platform offers a comprehensive view of the value chain, enabling businesses to analyze emission hotspots and prioritize areas for improvement. Ren's team of renewables experts advises on renewable energy feasibility and opportunities across the globe, assisting companies in modeling roadmaps to meet their climate targets. The platform also facilitates the monitoring of existing energy contracts, ensuring organizations stay on track with their sustainability goals. Furthermore, Ren connects suppliers with clean energy solutions, incentivizing them to procure renewable energy and reduce their carbon footprint.
Target Audience
Ren's primary customers are large corporations with complex global supply chains seeking to decarbonize their operations and meet ambitious sustainability goals.
Features
- Emissions data mapping for a 360° view of the value chain and identification of emission hotspots.
- Renewable energy roadmap modeling to align with climate targets.
- Contract tracking for existing Scope 2 and 3 energy contracts.
- Supplier engagement tools to educate and incentivize renewable energy procurement.
- Transaction support and RFP development to match demand with global renewable energy projects.
- Renewable energy portfolio development for higher-impact projects.