Renew
6 known investors
Pexapark provides market-based price benchmarks and data for battery energy storage systems (BESS) and renewable energy offtake, covering markets in Europe (France, Germany, Spain, Italy) and the US (ERCOT, PJM). It also offers risk management software and renewable advisory services to help energy companies with FPA and PPA pricing, benchmarking, risk analysis, and investment planning.
Also known as Pexapark · RenewaFi
Investors · 6
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Funding
SEC filings, press & company announcements$12M disclosed across 1 round · 2025
- $12MSeries AOct 2025 · 2 sources
Haymaker Ventures (lead), Goldcrest Capital, Upfront Ventures
Source ↗
Source: company announcements and press reports — follow each round's link for the claim.
Company profile
researched Aug 2026Renew, operating the renewafi.com domain under the Pexapark brand, runs a price intelligence platform for the clean energy sector. It publishes daily reference prices and market intelligence for battery energy storage system (BESS) offtake and power purchase agreements (PPAs), built from real bids, offers and executed transactions, alongside market commentary such as PPA and BESS market reviews and a podcast series.
The product set includes transactable price ranges for BESS tolling negotiations, daily BESS price benchmarks, contract prices and buyer price ranges, hourly price forecasts, forward block prices, hourly scalars and net-load data. Methodology documentation covers PPA valuation (including 24/7 values and adjustments for solar or wind generation shapes) and BESS valuation via a TB2 ("top-bottom two") model, which estimates the day-ahead, energy-only value of a two-hour storage asset from the two highest and two lowest price hours per day, adjusted for round-trip efficiency and a persistence model. Longer-duration TB4 and TB6 offtake benchmarks are offered for four- and six-hour batteries in the US ERCOT and PJM markets. An API with starter kits for Excel financial models, Python/Jupyter notebooks and AI-assisted development environments lets customers pull market data into their own workflows. The company also provides renewable advisory services and risk management software.
Business model
The company sells access to daily reference price data, benchmarks and market intelligence for BESS and PPA markets, delivered through a platform and an API, and complements this with risk management software and renewable energy advisory services.
Traction
More than 250 energy companies access the company's daily BESS and PPA reference prices and market intelligence.
Latest developments
Recent product releases include BESS transactable price ranges for France and Germany, daily BESS pricing benchmarks for Italy's northern and southern zones, offtake benchmarks for four- and six-hour batteries in ERCOT and PJM, and API starter kits for Excel, Python/Jupyter and AI-assisted development workflows.
▸Full profile — market position, technology, go-to-market, geography
Market position
Positions itself as a source of observable, transaction-based price transparency in BESS offtake and PPA markets that it describes as illiquid and fragmented, particularly for longer-duration storage in the US.
Technology
Benchmarks are derived from observed bids, offers and executed transactions rather than modelled prices alone. Valuation methodologies include a TB2 day-ahead energy-only model for two-hour BESS assets (top two versus bottom two price hours per day, net of round-trip efficiency and a persistence adjustment), TB4 and TB6 benchmarks for longer-duration batteries, hourly price forecasts, forward block prices, hourly scalars and net-load data, plus PPA methodologies for 24/7 values and solar or wind shape adjustments. Data is accessible via an API with templates for Excel, Python/Jupyter and AI-assisted development tooling.
Go-to-market
The platform is marketed directly to energy companies through product launches in specific national and regional power markets, published market insight reports, podcasts and customer testimonials, with contact-based sales for new benchmark products.
Energy companies active in renewable and storage offtake markets, including developers, offtakers, investors and independent power producers evaluating BESS tolling agreements and PPA pricing.
Geography
Coverage spans European markets including Germany, Spain, France and Italy (with Northern and Southern Italian price zones) and US power markets ERCOT and PJM.
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.
Timeline · 4
launches, deals, and filingsTemplates for Excel financial models, Python and Jupyter notebooks, and AI-assisted development to connect market data into customer workflows.
Market-based transactable price ranges for BESS tolling negotiations covering France and Germany.
Daily BESS price benchmarks for Italy's Northern and Southern price zones, built from bids, offers and executed transactions; benchmarks now live for DE, ES, FR and IT.
TB4 and TB6 benchmarks providing market-based offtake valuations for longer-duration battery storage in US markets.
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
- Renewrenewafi.com · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Renew do?
- Price intelligence platform providing market-based BESS and PPA benchmarks and risk management software for clean energy.
- Who are Renew's investors?
- Renew's investors include Floating Point, Mantis Capital, Goldcrest Capital, Haymaker Ventures, Molten Ventures, Upfront Ventures.
- How much funding has Renew raised?
- Renew has disclosed $12M raised across 1 round.