Renewable Energy Hub has merged with TFS Green APAC in a $50m deal, creating an end-to-end service for the ever-rising number of companies seeking to meet net zero goals.
The race by companies to find pathways to net zero emissions is the key driver for a merger between an Asia-Pacific carbon markets player and a climate tech business, and the merged company is set to tap the explosion of interest in carbon and clean energy markets.
It will shortly release a software product to connect companies more efficiently to carbon and clean energy markets, in the lead-up to a capital raising in early 2023 to support its expansion. It brings together the carbon and energy commodity market expertise of TFS with Renewable Energy Hub’s existing carbon marketplace platform and net zero services.The result is an expansion in the reach and capability of the business across the Asia-Pacific region’s carbon and energy markets, better enabling it to tap into the sharp growth in companies hunting for solutions to help them achieve ambitious decarbonisation goals.
He said that while there were many software companies trying to introduce products into the carbon and clean energy markets, what is needed first is the support services and capacity building to help companies start to find carbon reduction solutions.
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