for your information

FAQ

What is RenewaFi?

RenewaFi is the marketplace for wholesale renewable energy in ERCOT. Built for originators by originators, RenewaFi helps sophisticated market participants source and evaluate hedges, so they can focus on closing deals. Originators and traders on RenewaFi browse, post, and counter indicative bids and offers – all anonymously. And when they 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.

Who is RenewaFi for?

RenewaFi is for originators looking to complete physically-settled offtake agreements in ERCOT. If you are an originator representing a developer, wholesaler, independent power producer (IPP), bank, retail electricity provider (REP), or utility, we welcome you to schedule a demo.

Which markets does RenewaFi cover?

RenewaFi currently covers ERCOT only.

Why are the bids and offers anonymous?

Originators have asked to keep the marketplace anonymous so that they can prospect for offtake agreements without disclosing their identities and signaling their firms' interests. All activity in the marketplace is anonymous until two parties agree to match for a given opportunity, at which time those two parties’ identities are revealed only to one another. This ensures users’ identities remain confidential unless they consent to disclosing them.

What does it mean to “match"?

Market participants “match” when they indicatively agree to a set of key commercial terms. By “matching,” both parties are revealed to one another so that they can continue negotiations and finalize their offtake agreement offline.

How does the chat feature work?

RenewaFi market participants can chat directly and anonymously with each other whenever they are within 10% on price or have exchanged a request to match. The chat feature allows market participants to reach consensus on deal terms quickly and conveniently.

What does it cost to join the marketplace?

At this time, there is no cost to join and engage in the marketplace. Originators can post, browse, counter, and match on bids and offers right away. When a match on RenewaFi leads to a completed offtake agreement, the seller pays RenewaFi $0.10/MWh. This fee can be paid 50% at contract execution and 50% at NTP for development-stage assets, or 100% at contract execution for operating assets.

Who leads RenewaFi?

Noam Yaffe founded RenewaFi after working for a leading clean power plant developer, where he contracted nearly 800 MW of offtake agreements in ERCOT. Earlier in his career, he was an investment banker focused on tech M&A.

Who are your investors?

Our investors include founders and early supporters of leading growth companies like Uber, Square, and Oscar Health. They include First Round Capital, Floating Point, Box Group, Powerhouse Ventures, Mantis, Alumni Ventures, and Day One Ventures.

Can I transact on RenewaFi?

No. RenewaFi helps originators source and price their offtake agreements. When two parties indicatively agree to a set of key commercial terms, RenewaFi introduces them so that they can continue negotiations offline. RenewaFi does not support contract execution.

What happens if I match with someone I already know? If we end up closing a deal, would the success fee still apply?

Yes. By going through RenewaFi, you would have been able to test the market for alternatives and better pricing, access comparable deals that influence your pricing strategy, and confirm that the counterparty is genuinely interested in your deal. This represents significant value. Unlike a broker, RenewaFi is a neutral platform where you can engage anonymously with both existing and new counterparties in an innovative and efficient way. In fact, RenewaFi works best when everyone you know is using it. That's how it facilitates increased liquidity and transparency.

Can I prospect for financially-settled offtake agreements, such as virtual power purchase agreements (VPPAs), on RenewaFi?

No. RenewaFi is for prospecting physically-settled offtake agreements only.

Can C&I market participants join the marketplace?

All RenewaFi market participants must be able to take physical title to energy. We are happy to make referrals for C&I clients looking to complete financially-settled offtake agreements.

Is RenewaFi a broker, consultant, or advisor?

No. RenewaFi is a software company that operates a marketplace for wholesale renewable energy. RenewaFi does not provide advisory, brokerage, or consulting services.

What is RenewaFi's registration status with the Commodity Futures Trading Commission (CFTC)?

RenewaFi takes compliance very seriously. Our marketplace is exclusively for sophisticated market participants looking to complete physically-settled offtake agreements. As a result, RenewaFi is not registered with the CFTC in any capacity.

How do you protect users’ data and ensure confidentiality?

RenewaFi implements administrative, technical, and physical security measures to protect the information on its marketplace. These measures include, among other things, multi-factor user authentication, hosting and encrypting data using Amazon Web Services, reviewing production code for cyber vulnerabilities, continuously monitoring network activity, encrypting all stored data, and maintaining a company culture of cyber vigilance. RenewaFi is SOC2 accredited, demonstrating our compliance with globally recognized cybersecurity best practices. While no organization can guarantee complete security, RenewaFi is committed to adhering to cyber security best practices.

Does RenewaFi provide an audit trail of my offers and/or bids?

Yes. All market participants always have access to their historical data.

What is RenewaFi?

RenewaFi is the marketplace for wholesale renewable energy in ERCOT. Built for originators by originators, RenewaFi helps sophisticated market participants source and evaluate hedges, so they can focus on closing deals. Originators and traders on RenewaFi browse, post, and counter indicative bids and offers – all anonymously. And when they 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.

Who is RenewaFi for?

RenewaFi is for originators looking to complete physically-settled offtake agreements in ERCOT. If you are an originator representing a developer, wholesaler, independent power producer (IPP), bank, retail electricity provider (REP), or utility, we welcome you to schedule a demo.

Which markets does RenewaFi cover?

RenewaFi currently covers ERCOT only.

Why are the bids and offers anonymous?

Originators have asked to keep the marketplace anonymous so that they can prospect for offtake agreements without disclosing their identities and signaling their firms' interests. All activity in the marketplace is anonymous until two parties agree to match for a given opportunity, at which time those two parties’ identities are revealed only to one another. This ensures users’ identities remain confidential unless they consent to disclosing them.

What does it mean to “match"?

Market participants “match” when they indicatively agree to a set of key commercial terms. By “matching,” both parties are revealed to one another so that they can continue negotiations and finalize their offtake agreement offline.

How does the chat feature work?

RenewaFi market participants can chat directly and anonymously with each other whenever they are within 10% on price or have exchanged a request to match. The chat feature allows market participants to reach consensus on deal terms quickly and conveniently.

What does it cost to join the marketplace?

At this time, there is no cost to join and engage in the marketplace. Originators can post, browse, counter, and match on bids and offers right away. When a match on RenewaFi leads to a completed offtake agreement, the seller pays RenewaFi $0.10/MWh. This fee can be paid 50% at contract execution and 50% at NTP for development-stage assets, or 100% at contract execution for operating assets.

Who leads RenewaFi?

Noam Yaffe founded RenewaFi after working for a leading clean power plant developer, where he contracted nearly 800 MW of offtake agreements in ERCOT. Earlier in his career, he was an investment banker focused on tech M&A.

Who are your investors?

Our investors include founders and early supporters of leading growth companies like Uber, Square, and Oscar Health. They include First Round Capital, Floating Point, Box Group, Powerhouse Ventures, Mantis, Alumni Ventures, and Day One Ventures.

What happens if I match with someone I already know? If we end up closing a deal, would the success fee still apply?

Yes. By going through RenewaFi, you would have been able to test the market for alternatives and better pricing, access comparable deals that influence your pricing strategy, and confirm that the counterparty is genuinely interested in your deal. This represents significant value. Unlike a broker, RenewaFi is a neutral platform where you can engage anonymously with both existing and new counterparties in an innovative and efficient way. In fact, RenewaFi works best when everyone you know is using it. That's how it facilitates increased liquidity and transparency.

Can I transact on RenewaFi?

No. RenewaFi helps originators source and price their offtake agreements. When two parties indicatively agree to a set of key commercial terms, RenewaFi introduces them so that they can continue negotiations offline. RenewaFi does not support contract execution.

Can I prospect for financially-settled offtake agreements, such as virtual power purchase agreements (VPPAs), on RenewaFi?

No. RenewaFi is for prospecting physically-settled offtake agreements only.

Can C&I market participants join the marketplace?

All RenewaFi market participants must be able to take physical title to energy. We are happy to make referrals for C&I clients looking to complete financially-settled offtake agreements.

Is RenewaFi a broker, consultant, or advisor?

No. RenewaFi is a software company that operates a marketplace for wholesale renewable energy. RenewaFi does not provide advisory, brokerage, or consulting services.

What is RenewaFi's registration status with the Commodity Futures Trading Commission (CFTC)?

RenewaFi takes compliance very seriously. Our marketplace is exclusively for sophisticated market participants looking to complete physically-settled offtake agreements. As a result, RenewaFi is not registered with the CFTC in any capacity.

How do you protect users’ data and ensure confidentiality?

RenewaFi implements administrative, technical, and physical security measures to protect the information on its marketplace. These measures include, among other things, multi-factor user authentication, hosting and encrypting data using Amazon Web Services, reviewing production code for cyber vulnerabilities, continuously monitoring network activity, encrypting all stored data, and maintaining a company culture of cyber vigilance. RenewaFi is SOC2 accredited, demonstrating our compliance with globally recognized cybersecurity best practices. While no organization can guarantee complete security, RenewaFi is committed to adhering to cyber security best practices.

Does RenewaFi provide an audit trail of my offers and/or bids?

Yes. All market participants always have access to their historical data.