Source Offtake Agreements

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.

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.

RenewaFi currently covers ERCOT only.

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.

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.

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.

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.

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.

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.