T-REX, a fintech company focused on renewable energy financial analytics, and Renovate America, the nation’s leading provider of residential Property Assessed Clean Energy (PACE) financing, recently announced a partnership that increases the running pace of a virtual-reality T-Rex dinosaur … wait, scratch that. No, the partnership brings T-REX analytics and its structuring platform to Renovate America’s capital markets transactions.
“We are eager to work with the world-class team at Renovate America to make the structuring of their securities more efficient and accessible to the global institutional investor community,” Benjamin Cohen, CEO and founder of T-REX, stated.
Specifically, Renovate America will use T-REX’s platform to interface with and educate investors and key market participants.
“T-REX’s platform will make our transactions transparent and available to an increasingly broad group of investors,” said Adam Garfinkle, Senior Vice President of Capital Markets at Renovate America. “PACE is a relatively new asset class, so it is critical for the investor community to have access to the right information to understand the value of these securities.”
Not having much experience with financial activity, transactions, and analysis like this, it’s hard to make any judgement on the usefulness of the software, but we’ve been covering Renovate America for years, and it has grown into a giant in the PACE industry, so I’m assuming this is a top-quality solution that helps this cleantech company streamline various business activities.
A joint press release from the companies notes, “Renovate America’s HERO securitization platform is the first asset-backed securities (ABS) platform to solely produce green bonds, with each of the company’s seven securitizations assessed by a second opinion provider. Renovate America has issued $1.35 billion in ABS through these seven transactions.”
“By optimizing transaction efficiency and structuring, this partnership will help to further educate capital markets players on PACE and renewables assets in general,” said Cohen.
T-REX seems quite intent on improving financial transparency and efficiency in renewable and energy efficiency industries, opening up these markets to more of the investment community, and increasing the speed through which they can work and grow. If any of you have used its software and have more context and perspective to share, we’d love to hear about it.
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