The startup offers a renewable certification platform that connects businesses with blockchain-backed certificates from wind and solar farms, matching energy consumption data on an hourly basis. This enables companies to efficiently meet decarbonization targets by ensuring their energy use is aligned with verified clean energy sources across multiple geographies.
Funding
$4.5M 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.
HVFounders
Product
Problem
Many companies struggle to accurately track and manage their renewable energy consumption, making it difficult to meet decarbonization targets and avoid greenwashing accusations. Existing methods often lack the granularity needed to ensure that energy consumption is truly matched with verified clean energy sources on a continuous, real-time basis. This imprecision can lead to overprocurement, increased operational costs, and difficulty in complying with evolving regulatory standards.
Solution
Renewabl offers a platform that facilitates 24/7 renewable energy matching, connecting businesses with blockchain-backed certificates from wind and solar farms. The platform enables companies to manage all their clean energy data in one place, track their Carbon Free Energy (CFE) score with up-to-hourly precision, and streamline the procurement of time-stamped renewable energy certificates. By aggregating data from various sites and contracts, Renewabl provides intuitive charts and comprehensive reports that comply with CDP and SBTi standards. The platform also supports efficient tendering processes, allowing companies to secure renewable energy certificates that precisely match their consumption profiles, reduce operational costs, and minimize the risk of greenwashing.
Target Audience
Renewabl primarily targets sustainability and procurement leaders within manufacturing, automotive, data centers, and retail industries seeking to reduce greenwashing risks, cut operational costs, and meet net-zero targets through verified renewable energy procurement.
Features
- Hourly matching of energy consumption with renewable energy generation sources
- Management of renewable energy data, contracts, and certificates in a single platform
- Carbon Free Energy (CFE) score tracking with up-to-hourly precision
- Streamlined tendering process for renewable energy procurement
- Integration of blockchain technology for enhanced verification and traceability of energy certificates
- Compliance reporting with CDP and SBTi standards
- AI-driven forward pricing curves for informed procurement decisions
- Support for Power Purchase Agreements (PPAs) and Energy Attribute Certificates (EACs)
- Scope 3 emissions management capabilities for supply chain integration