Powertrust is transforming clean energy procurement for corporate climate leaders by aggregating small-scale renewable energy projects, enabling a faster and more inclusive energy transition. Since its founding in May 2020, Powertrust has made significant strides in catalyzing distributed renewable energy development in emerging markets. The company was part of the 2022 cohort of the Equinor / Techstars Energy Accelerator.
Powertrust currently supports distributed renewable energy in 14 countries, catalyzing over 70 MW of new installations. With a robust pipeline of 500 MW and contracted volumes exceeding 1.3 TWh, Powertrust is well-positioned to scale its impact globally.
The company’s innovative approach centers around the Distributed Renewable Energy Certificate (D-REC), a new international market instrument aligned with established global standards. D-RECs enable even the smallest solar devices to participate in global environmental markets. The company’s technology platform automates and scales the certification and aggregation of digitized D-RECs, providing buyers with clear provenance into their renewable energy certificate purchases. This platform plays a crucial role in helping corporates address Scope 2 and 3 emissions, driving meaningful progress toward their net-zero ambitions.
Powertrust now serves a diverse portfolio of over 10 customers spanning multiple industries, each recognized as a leader within its respective sector. This growing customer base underscores the market’s confidence in Powertrust’s innovative approach to clean energy procurement and highlights the company’s ability to deliver scalable solutions that meet the evolving needs of industry leaders.
Equinor Ventures remains committed to supporting Powertrust’s mission. The follow-on SAFE note investment underscores our belief in the company’s potential to scale its innovative solution, providing impactful tools for corporates seeking credible renewable energy procurement pathways in emerging markets. We look forward to continuing this journey with Powertrust and supporting their efforts to enable a fairer and faster energy transition globally.
