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SAP.iO Foundry San Francisco Kicks off Sustainability in Utilities, Energy and Natural Resources Program

October 21, 2021 SAP SE (NYSE: SAP) launched a sustainability in utilities, energy and natural resources industries focused startup program at SAP.iO Foundry San Francisco. Six startups have been selected by a jury of SAP experts, partners, customers, and investment funds to join the program.

The startups in the program are using next generation technologies like artificial intelligence (AI), blockchain and internet of things to help businesses become more sustainable by providing deeper insights into processes, greater transparency and reducing waste in the supply chain. Over the next 16 weeks, the startups will have access to curated mentorship from SAP executives, exposure to SAP® technology and application programming interfaces (APIs), and opportunities to collaborate with SAP customers around the world.

The following startups are participating in the SAP.iO Foundry San Francisco Fall 2021 program:

  • Bidgely accelerates a clean energy future by enabling utilities and consumers to make data-driven energy decisions.
  • Camus Energy empowers utilities and energy providers with system-wide visibility, forecasting, and advanced controls to balance local renewable supply with flexible demand for a distributed, zero-carbon future.
  • Empower incentivizes transparent and traceable collection, sourcing and recycling of plastic waste globally.
  • OilX is the world’s first digital oil analyst. It leverages satellite technology and AI to create a digital twin of the oil supply chain, from well-to-wheel.
  • Singularity Energy is a data and analytics company that helps customers reduce their carbon emissions.
  • SupplHi covers the vendor management activities from vendor scouting to vendor qualification, vendor performance evaluation and assessment of vendor financials, compliance and sustainability.

About SAP.iO
SAP.iO delivers new partnerships and products for SAP by accelerating and scaling startup innovation as well as incubating employee ventures. SAP.iO brings together innovators from every region, industry, and line of business to transform how businesses run. Since 2017, SAP.iO has helped 330+ external startups and internal ventures accelerate their growth while enabling thousands of SAP customers to access innovation. For more information, visit https://sap.io/.

Pexapark’s new service to ‘close trading knowledge gap’ for corporates buying green energy

Pexapark, a provider of software and advisory services for a post-subsidy renewable energy world, has launched a new offering aimed at corporates, as an increasing number enter the market for renewable energy.

Last year saw record numbers of corporations purchasing clean power and that record is set to be broken again in 2021, as corporates increasingly turn to clean power for their energy needs.

According to Pexapark data, the number of corporates signing power purchase agreements (PPAs) in 2021 is up 37 per cent on 2020, year-to-date.

This shift is being driven both by energy-intensive industrial companies, such as manufacturers, for whom energy forms a large proportion of their costs, and consumer-facing corporates transitioning to renewable energy as part of their decarbonisation and environment, social and governance (ESG) goals.

As generators of renewable power are mitigating against merchant market risk by equipping themselves with the tools to negotiate 10 to 15 year PPAs, so too are corporations looking to go green with their energy consumption.

Traditionally, corporate buyers have procured energy over one to three-year terms, but in the new world of renewable energy trading, they are having to hedge procurement risk over much longer time periods.

With demand for renewable energy growing, consumer-facing corporates – such as retailers – are signing virtual PPAs for the first time to demonstrate that their operations are being powered by green energy.

Meanwhile, more sophisticated industrial energy buyers are increasingly turning to PPAs as they too face rising ESG pressure to decarbonise their value chain. This type of corporate organisation is capitalising on the added-value brought about by renewable energy which makes them more competitive and puts them in stronger negotiating positions for big industrial contracts.

To do this successfully, however, they need to fill the gaps in their existing energy trading expertise. PPAs are one way of doing this, enabling them to hedge against price volatility and reduce the cost of energy consumption.

Pexapark and its suite of quantitative and analytical tools, can help corporates understand the fair value of energy and how to price risks, in exactly the same way that sellers are having to in this new world of post-subsidy energy trading.

Pexapark’s pre-transaction advisory services to both experienced energy traders in industrial corporations, as well as those corporates seeking to ensure their operations are powered by renewable energy, by helping to compare different PPA structures and look at the overall value of PPAs across their total duration.

Rommero Carrillo, Head of Corporate PPA Desk at Pexapark, said: “As the global energy transition continues at pace, it is clear that corporates don’t want to be left behind and are increasingly turning to renewable energy to power their operations”.

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Pexapark to accelerate the energy transition

More than 80 companies across Europe are currently using Pexapark’s Operating System, to manage, sell and buy renewable energy. Over the past 12 months, revenues tripled and the team grew from 20 to almost 50 members, a growth rate that is now recognized by the Innosuisse Certificate.

In 2017, the three co-founders Michael Waldner (CEO), Florian Müller (CTO) and Luca Pedretti (COO), established Pexapark driven by the mission to empower renewable energy players to thrive in post subsidy markets. The idea came up at a time when the renewable energy sector started undergoing a fundamental change with markets transitioning from a heavily subsidized system to an open market. Energy revenues are subsequently becoming volatile, technical and complex to manage, and investors are struggling to oversee their assets in an effective manner.

Headquartered in Schlieren, Pexapark has created a platform that offers investors a more effective solution to manage the energy sales of their wind farms and solar parks. Through its renewables operating system, Pexa OS, the start-up offers an all-in-one solution that helps clients to execute robust strategies for the sale of their renewable power via PPA (power purchase agreement) transactions and other hedging instruments through active portfolio and risk management software and advisory services.

Over 80 leading energy companies including Enel, Uniper, Encavis, RWE, BP and Abo Wind utilise Pexapark’s solutions to support their commercial renewable energy activities. Most recently, IKEA became one of a growing number of major corporates to sign a customer agreement with Pexapark, utilising its platform to support their green energy procurement strategy. Renowned industry giants including SAP.io and EEX have also joined the start-up’s partnership and collaboration agreements list. “Working with such reputable companies is an indication that we are addressing a major pain point in the sector. As the renewable energy industry continues to grow, we envision our start-up becoming a major player worldwide as the leading green energy trading platform,” says Waldner. Thanks to the continued trust by its customers, Pexapark has seen a threefold increase in revenues on a year-on-year basis.

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