This press release was originally published by our partners Renewabl here.
Renewabl, a UK-headquartered startup at the forefront of renewable energy transparency in Europe, has announced a significant multi-million investment round led by Finnish clean energy investor, Helen Ventures. This seed funding round also includes support from Encevo Group, Toyota Ventures, Nesta, Enery, and reinvestment from PortfoLion and QVentures, alongside continuous backing from South Pole.
Our mission focuses on data-driven solutions to streamline energy procurement, reduce Scope 2 & 3 emissions, and mitigate greenwashing risks. Research shows optimising renewable integration can cut Scope 3 emissions by up to 20%, crucial for meeting carbon reduction goals (LBL, 2023; SBTi, 2021). With renewables poised to surpass coal in electricity generation by 2025, advanced procurement strategies bolster investor confidence, aligning with ESG criteria integrated by 80% of asset managers (IEA, 2023; Ceres Investor Network).
Innovative technologies that we employ at Renewabl include distributed ledger traceability and hourly matching to enable demand-response strategies and integrate renewables into energy-intensive supply chains. This drives operational cost savings and enhances sustainability efforts (LBL; Value Chain Report by SBTi, 2023).
Renewabl's innovative platform empowers companies to gain deep insights into their emissions and Carbon-Free Energy (CFE) scores, enabling targeted mitigation strategies. Leveraging advanced technology, we can trace renewable energy to its source of generation and align it with consumption on an hourly basis. The platform utilises smart algorithms to optimise corporate portfolios, highlighting the most impactful clean energy products available.
The previous round of investment in 2023, backed by South Pole, PortfoLion, and Q Ventures, allowed us to deploy a state-of-the-art digital platform for time-stamped, location-based green energy certificates to ensure traceability to the source.
This new investment round enables us to leverage on distributed ledger, data analysis and AI-forecasting capabilities to drive the transition of the corporate world to renewables and the Net Zero targets. We are set to expand to strategic European countries such as Spain, Italy, France, and Germany, and accelerate the development of the two pivotal components of the platform:
Looking ahead, Renewabl's advancements in energy procurement will profoundly impact both buyers and suppliers. For energy buyers, Renewabl's advancements in energy procurement include real-time energy matching visualisation and adaptive pricing models aimed at simplifying decision-making and reducing operational overheads. These innovations empower corporations with streamlined processes to meet sustainability goals effectively. For suppliers, Renewabl ensures expanded revenue streams and broader market reach, fostering a sustainable energy ecosystem.
Renewabl was founded in 2023 by Juan Pablo Cerda, with extensive experience at BP, Shell, and ED&F MAN, alongside Nick Martyniuk, formerly of WePower in Australia. The team's combined 80+ years of experience in clean energy, coupled with significant headcount growth over the past year, positions Renewabl to attract top talent and drive industry-leading advancements. This investment is a testament to our commitment to leading industry change and supporting corporations in their journey towards a greener future.
Renewabl is accelerating the adoption of renewables through an advanced technology platform that enables businesses to analyse their clean energy portfolio and trade temporal-matched solutions based on their consumption profile. The company was founded in 2023 by Juan Pablo "JP" Cerda, with extensive experience at BP, Shell, and ED&F MAN, alongside Nick Martyniuk, formerly of WePower in Australia. The team's combined 80+ years of experience in clean energy, coupled with significant headcount growth over the past year, positions Renewabl to attract top talent and drive industry-leading advancements.
South Pole is the world's leading carbon asset developer and climate consultancy.
Since 2006, South Pole has been a trusted partner and advisor to governments, public sector organisations, and leading businesses on their decarbonisation journeys. South Pole serves over 1,000 clients across the world, and its global team of experts has helped many Fortune 500 businesses implement comprehensive strategies that help build resilience and turn climate action into long-term business opportunities.
In line with its mission to deliver true climate impact for all, South Pole has used the power of markets to help channel climate finance to over 850 projects in more than 50 countries across the globe. To date, these projects have helped reduce over 200 million metric tonnes of CO2 emissions, accelerated low-carbon transformations across several sectors, and provided measurable benefits to communities vulnerable to climate change.
The business is supported by world-class investors, including Temasek's GenZero, Lightrock, Corisol, and Salesforce Ventures.
South Pole is a social enterprise recognised by the World Economic Forum's Schwab Foundation, and committed to becoming a B Corp globally across all of its local entities.
For more information, visit www.southpole.com or LinkedIn.
✓ Tailored to your business requirements
✓ Advice from leading subject matter experts
✓ Full service offering
