FREN
CFEXSan Francisco
Distributed energy management
Cloud platform to automate the PPA-based complex bilateral energy transactions between buyers and sellers.
Company information
Founders
Jian ZhangCEO
Grace LiuCTO
Ping WangVP Solutions
Marek ZhangVP Service Delivery & Operations
About CFEX
Issues resolved
Despite accounting for more than 80% of overall transaction volume, almost all PPA-based bilateral energy transactions between buyers and sellers are processed manually today. These manual processes are highly inefficient, labor-intensive, error-prone, not auditable, and unscalable.
With the renewable installed capacity - for renewable energy alone - expected to grow more than 2.7 times over the next five years, these manual processes have become some of the most critical barriers to the industry’s growth.
Solution
Leveraging its founders’ more than a decade of experience in utility billing software, CFEX has developed technology to streamline the management of PPA contracts and automate daily settlement between buyers and sellers and monthly billing and invoicing.
By automating otherwise manual processes, CFEX improves operational efficiency, minimizes transaction costs and errors, increases billing and settlement accuracy and auditability, and ultimately provides a scalable business operation infrastructure to power the growth of the renewable industry.
