Nesta Impact Investments, the investments arm charity of Nesta, has invested £150,000 ($195,000) into Renewabl, a data-driven platform for streamlined clean energy procurement. This investment is part of a multi-million-pound seed investment led by clean energy investor Helen Ventures.
Renewabl is an award-winning start-up founded in 2024, that supports companies in achieving 100% renewable energy. Their digital platform connects companies directly to wind and solar farms, securing clean energy certificates that align with their net-zero targets. This new round of funding will enable Renewabl to develop its offer and platform with enhanced analytical tools, as well as expand into Spain, Italy, France, and Germany.
With increasing Environmental, Social, and Governance (ESG) guidelines, businesses need to validate their clean energy usage more rigorously. Renewabl addresses this need by enabling businesses to trace renewable energy to its source and trade Renewable Energy Certificates with up-to-hourly precision. The platform’s smart algorithms analyse businesses’ consumption needs to highlight the most impactful clean energy options available.
Alex Hook, Senior Investment Director at Nesta Impact Investments said, “Our investment in Renewabl reflects their potential to support more enterprises in adopting renewable energy to power their business – bringing much-needed transparency and innovation to the Renewable Energy Certificate market. Renewabl’s approach can expand access to this market and help more companies speed up their transition to net zero cost-effectively and in a way that regulators can verify.”
JP Cerda, CEO and co-founder of Renewabl said, “More than ever, businesses seek traceability in clean energy commitments and alignment with ESG criteria set by over 80% of asset managers. With our recent fundraising success, our investors endorse our solution as a credible path forward in increasing the adoption of carbon-free electricity. We look forward to expanding our innovative offerings with their support.”