image description
Press Releases

Pexapark Raises €3.5m to Boost its Energy Trading Platform

1 min read

[VentureLab] Pexapark AG, whose clients include traders at Credit Suisse AG and Encavis AG, raised €3.5 million to develop its renewable energy trading platform and hire more staff. “Our objective is to build a future that is 100% renewable. An ambitious goal which we want to achieve by helping companies trade their renewable energy easier, faster and at a lower cost,” Michael Waldner, chief executive officer of Pexapark said.

Renewable energy trading has become more complex and volatile as governments reduce their subsidies for green-power. Pexapark gives owners of wind farms and solar parks a single place to structure power sales, close transactions and monitor their energy risks. Pexapark, which was founded in 2017 and is based at startup space in Zurich-Schlieren, has advised more than 2.2 gigawatts of power purchase agreements in Europe. The 20-employee company plans to raise more capital in 2020.  Waldner, a co-founder, participated in Innosuisse Start-up Training this year. “We got hands-on advice on scaling the business from inspiring coaches and entrepreneurs in the Business Growth ICT course,” he said.

Related Articles

image description
Article

Swiss startup provides price transparency in the renewable energy market

Explore
image description
Article

Innovation of the year: Pexapark

Explore
image description
Article

Pexapark’s “LinkedIn for renewables” goes live

Explore