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Powertrust
Techstars '22Vancouver, CA · 17 employees on LinkedIn · 1 known investors
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Powertrust operates a tech-enabled platform that connects clean energy buyers with distributed solar project suppliers, providing verified climate finance and energy procurement for distributed renewable energy projects. It serves corporations and clean energy suppliers, with a focus on markets in South and South East Asia, Central and Southern America, and Africa.
Also known as Powertrust
Investors · 1
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Company profile
researched Sep 2026Powertrust operates a renewable energy procurement platform that aggregates small, distributed solar projects across emerging markets and converts them into contracted, audit-ready clean electricity supply for large corporate buyers. The company sources from vetted distributed developers in Africa, Asia and Latin America, contracts with buyers through a single counterparty agreement on 10-20 year terms, arranges certification via I-REC issuance with hourly-capable validation, and provides reporting data aligned to CSRD, SBTi, RE100 and CDP frameworks. Buyers can track project performance and KPIs through a dashboard.
On the supply side, Powertrust's commercial approach is positioned as a new revenue stream for operators of both new and existing distributed solar assets, including mini-grids and rooftop systems installed at schools, hospitals, farms and public service facilities. Projects are selected to align with UN Sustainable Development Goals outcomes covering climate resilience (SDG 9 and 11), energy access (SDG 7) and gender equality (SDG 5). In addition to I-RECs, projects are certified using the D-REC mechanism, a digitally enabled certificate issued under existing internationally recognized standards and guaranteed by blockchain technology; Powertrust co-led the D-REC Initiative, a not-for-profit, industry-led effort to create a global market for distributed renewable energy. The certificates can be applied against Scope 2 emissions and used in accounting for Scope 3 emissions.
Founding story
Founded in 2020 in British Columbia, Canada by Ricky Buch (Chief Technology Officer) and Nick Fedorkiw (Chief Executive Officer).
Business model
B2B platform intermediating between corporate clean energy buyers and distributed renewable energy suppliers. Powertrust signs single-counterparty purchase agreements with buyers on 10-20 year terms, sources generation from vetted distributed developers, and delivers certified I-RECs/D-RECs plus audit-ready reporting data. Preqin describes revenue as generated through partnerships and transactions with corporate clients entering agreements to purchase renewable energy certificates or to directly support specific solar projects through financial commitments.
Revenue arises from corporate procurement agreements and transactions in which buyers purchase renewable energy certificates or commit financing to specific distributed solar projects, with no minimum energy demand required to contract with the company.
Traction
Disclosed customer agreements include Salesforce (announced February 2023) for 30,000 MWh per year of distributed renewable energy, with a customer showcase citing 280,000 MWh in total; a Netflix partnership bringing distributed renewable projects to rural India; and a November 2025 Microsoft agreement covering 270 MW of new distributed solar across Mexico and Brazil over four years. A June 2025 RFP with Watershed sought 150 MW across more than 100 projects. Network projects include OMC Power in India and installations serving health facilities in Uganda.
Latest developments
In November 2025 Powertrust announced an agreement with Microsoft to support deployment of 270 MW of new distributed solar across Mexico and Brazil over four years. In June 2025 it launched a joint RFP with Watershed to source 150 MW of clean power across more than 100 projects in emerging markets. In December 2023 Convergence awarded Powertrust a feasibility study grant to design a blended finance facility providing upfront capital for distributed renewable energy projects in South and South-east Asia, and Powertrust and Watershed announced a partnership addressing electricity emissions in Asia.
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Positions itself as a procurement platform for high-impact renewables in emerging markets; the Techstars company profile describes it as a preferred platform for buying renewable electricity in Asia, LATAM and Africa. It co-led the D-REC Initiative and has contracted with several large multinational buyers, including a 270 MW agreement with Microsoft described as one of the largest distributed solar agreements signed.
Aggregation of many small distributed projects into a single contract and counterparty for buyers, certification to I-REC standards with the digitally enabled D-REC mechanism, project-level selection tied to specific SDG outcomes, and a stated emphasis on the higher emissions-displacement impact of renewable generation in emerging markets relative to the US and EU.
Technology
A tech-enabled procurement platform that aggregates fragmented distributed solar generation, facilitates I-REC issuance with hourly-capable validation, and supports D-REC creation using blockchain-guaranteed digital certification. A customer dashboard provides project performance and KPI tracking and audit-ready data for CSRD, SBTi, RE100 and CDP reporting.
Go-to-market
Direct enterprise sales to corporate sustainability and energy buyers, supported by partnerships with carbon accounting and climate platforms such as Watershed, including a joint RFP to source clean power in emerging markets; on the supply side, developer recruitment into the Powertrust Energy Network via project submission.
Large corporations and Fortune 500 sustainability and energy procurement teams with climate commitments (customers cited include Microsoft, Salesforce and Netflix), plus distributed renewable energy project developers and suppliers seeking additional revenue for new and existing solar assets.
Geography
Headquartered in Vancouver, British Columbia, Canada, with sourcing across emerging markets: South and South-east Asia (including India), Central and Southern America (including Mexico and Brazil) and Africa (including Uganda).
History
Preqin records the company as established in 2020 and based in British Columbia, Canada, with Ricky Buch and Nick Fedorkiw (CEO) as co-founders. The company co-led the D-REC Initiative and, from 2022 onward, signed corporate procurement agreements with Netflix, Salesforce and Microsoft while building a supplier network across Asia, Latin America and Africa.
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Competitors · 2
by search overlap
Companies competing with Powertrust for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 6
launches, deals, and filingsPowertrust announced an agreement with Microsoft to support deployment of 270 MW of new distributed solar across Mexico and Brazil over four years, described by the company as one of the largest distributed solar agreements ever signed.
Joint RFP with Watershed to source 150 MW of clean power across more than 100 projects in emerging markets.
Convergence awarded Powertrust a feasibility study grant to design a blended finance facility intended to provide upfront capital for development of distributed renewable energy projects across South and South-east Asia.
Powertrust and Watershed announced a partnership to help companies address electricity emissions in Asia as part of their climate commitments.
Salesforce announced an agreement with Powertrust to purchase 30,000 MWh per year of distributed renewable energy; a company showcase cites Salesforce buying 280,000 MWh to increase clean power access in emerging markets.
Netflix partnered with Powertrust to bring high-impact distributed renewable energy projects to rural areas of India, as reported in Netflix's 2022 ESG report.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 8
primary sources listed
- Powertrustpowertrust.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Powertrust do?
- Powertrust contracts new-build distributed solar in emerging markets and delivers audit-grade I-RECs to corporate clean energy buyers.
- Who are Powertrust's investors?
- Powertrust's investors include Techstars.
- Where is Powertrust headquartered?
- Powertrust is headquartered in Vancouver, CA.