RenewaFi Demonstrates Commitment to Cybersecurity
RenewaFi, the wholesale renewable energy marketplace, today announced that it has achieved System and Organization Controls (SOC) 2 Type 1 Certification. This milestone confirms that RenewaFi upholds globally recognized standards for storing and handling sensitive customer data.
Developed by the American Institute of CPAs (AICPA), SOC 2 is a compliance standard designed for service organizations that store customer data in the cloud. Johanson Group, a risk advisory firm based in Colorado Springs, CO., conducted the audit and certified that RenewaFi’s practices comply with the standard.
Daniel Gladstone, Head of Technology at RenewaFi, said: “From day one we have prioritized security and reliability as a core part of our product and engineering culture. We build products that are secure by default, and we continuously improve upon them to ensure our customers' data is always protected. This SOC2 certification reflects our vigilance in ensuring the safety of our platform and our commitment to putting customers first.”
RenewaFi is the marketplace for wholesale renewable energy in ERCOT. Built for originators by originators, RenewaFi helps sophisticated market participants source offtake, so they can focus on closing deals. Originators on RenewaFi can browse, post, and counter indicative bids and offers – all anonymously. And when originators agree on terms, they can match to reveal their identities. RenewaFi increases speed to market, facilitates price discovery, and expedites counterparty matching. Ultimately, the company’s mission is to help renewable energy professionals decarbonize America’s electric grids.