{"id":18248,"date":"2023-11-02T07:31:44","date_gmt":"2023-11-02T06:31:44","guid":{"rendered":"https:\/\/frv.com\/?p=18248"},"modified":"2023-11-02T07:32:50","modified_gmt":"2023-11-02T06:32:50","slug":"redex-group-raises-10m-series-a-funding-led-by-aramco-ventures","status":"publish","type":"post","link":"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/","title":{"rendered":"REDEX Group raises $10M Series A funding led by Aramco Ventures"},"content":{"rendered":"

REDEX, Asia\u2019s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful completion of a USD 10 million Series A funding round.<\/p>\n

 <\/p>\n

REDEX\u2019s<\/a> mission is to accelerate the world\u2019s transition towards renewable energy. The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.<\/p>\n

 <\/p>\n

Aramco Ventures led the investment, along with notable new investor Fotowatio Renewable Ventures (FRV)<\/a>. Aramco Ventures is the corporate venturing subsidiary of Aramco, the world\u2019s leading fully integrated energy and petrochemical enterprise. FRV is a leading global renewable energy development company headquartered in Spain. Other investors from Southeast Asia and Japan also participated in the round.<\/p>\n

 <\/p>\n

\n
\n REDEX is well positioned as the leading marketplace for I-RECs, which will enable renewable energy markets in many parts of the world. We look forward to collaborating with the REDEX team to extend this capability into new geographies. <\/div>\n
\n Bruce Niven <\/div>\n
\n Executive MD, Strategic Venturing at Aramco Ventures <\/div>\n <\/div>\n \n

 <\/p>\n

 <\/p>\n

Established in 2018, REDEX Group is a first-mover RECs player in Asia, offering a full suite of RECs management solutions covering asset registration, verification, trading, and retirement.<\/p>\n

 <\/p>\n

\n
\n We are witnessing tremendous growth in the adoption of RECs by brand owners striving to be 100% renewable, both for themselves and their supply chains, The demand for green energy is very real, and the number of RECs issued and retired is more than doubling year on year. Building on the trust we have established with key players in the ecosystem, REDEX is well-positioned to play a leading role in the exponential growth of RECs adoption globally. <\/div>\n
\n Jen-Wee Kang <\/div>\n
\n Founder and CEO of REDEX <\/div>\n <\/div>\n \n

 <\/p>\n

 <\/p>\n

As a concept, RECs are very simple \u2013 the instrument traces one\u2019s power consumption to renewable energy sources. Its simplicity is precisely why the instrument is the most convenient and practical way for companies to achieve Scope 2 neutrality.<\/p>\n

 <\/p>\n

RECs are endorsed and adopted by RE100, the main consortium of leading brand owners committed to 100% renewable electricity. The consortium was originally formed in 2014 by 13 corporate partners. Today, RE100 has more than 400 members who consume around 400 TWh of power.<\/p>\n

 <\/p>\n

REDEX believes there is great potential to apply RECs creatively in the industrial sector, like for green aluminium, steel, and cement \u2013 commodities that are covered in the starting phase of Europe\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/p>\n

 <\/p>\n

In April, the company announced that it was the first API-integrated Platform Operator Account on I-REC, the world\u2019s largest RECs registry. In June, REDEX also announced its partnership with China Southern Grid, supporting the grid operator in its role as an I-REC Issuer in China.<\/p>\n","protected":false},"excerpt":{"rendered":"

REDEX, Asia\u2019s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful completion of a USD 10 million Series A funding round.   REDEX\u2019s mission is to accelerate the world\u2019s transition towards renewable energy. The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the\u2026<\/p>\n","protected":false},"author":9,"featured_media":18249,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[92,91],"class_list":["post-18248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-releases","tag-investmet","tag-redez"],"acf":[],"yoast_head":"\nFRV - REDEX Group raises $10M Series A funding led by Aramco Ventures<\/title>\n<meta name=\"description\" content=\"Aramco Ventures led the investment, along with notable new investor Fotowatio Renewable Ventures (FRV).\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"REDEX Group raises $10M Series A funding led by Aramco Ventures\" \/>\n<meta property=\"og:description\" content=\"Aramco Ventures led the investment, along with notable new investor Fotowatio Renewable Ventures (FRV).\" \/>\n<meta property=\"og:url\" content=\"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/en\/\" \/>\n<meta property=\"og:site_name\" content=\"FRV\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/FRV.Official\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-02T06:31:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-02T06:32:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png\" \/>\n\t<meta property=\"og:image:width\" content=\"370\" \/>\n\t<meta property=\"og:image:height\" content=\"370\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Guillermo Agull\u00f3 Beltr\u00e1n\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"REDEX Group raises $10M Series A funding led by Aramco Ventures\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png\" \/>\n<meta name=\"twitter:creator\" content=\"@FotowatioRV\" \/>\n<meta name=\"twitter:site\" content=\"@FotowatioRV\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Guillermo Agull\u00f3 Beltr\u00e1n\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/frv.com\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/frv.com\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/\"},\"author\":{\"name\":\"Guillermo Agull\u00f3 Beltr\u00e1n\",\"@id\":\"https:\/\/frv.com\/#\/schema\/person\/cc8a0abdaae9c766e2b875c29dc3bc51\"},\"headline\":\"REDEX Group raises $10M Series A funding led by Aramco Ventures\",\"datePublished\":\"2023-11-02T06:31:44+00:00\",\"dateModified\":\"2023-11-02T06:32:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/frv.com\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/\"},\"wordCount\":1078,\"image\":{\"@id\":\"https:\/\/frv.com\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png\",\"keywords\":[\"investmet\",\"REDEZ\"],\"articleSection\":[\"Press releases\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/\",\"url\":\"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/\",\"name\":\"FRV - 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REDEX Group raises $10M Series A funding led by Aramco Ventures","isPartOf":{"@id":"https:\/\/frv.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#primaryimage"},"image":{"@id":"https:\/\/frv.com\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#primaryimage"},"thumbnailUrl":"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png","datePublished":"2023-11-02T06:31:44+00:00","dateModified":"2023-11-02T06:32:50+00:00","author":{"@id":"https:\/\/frv.com\/#\/schema\/person\/cc8a0abdaae9c766e2b875c29dc3bc51"},"description":"Aramco Ventures led the investment, along with notable new investor Fotowatio Renewable Ventures (FRV).","breadcrumb":{"@id":"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":[["https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/"]]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#primaryimage","url":"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png","contentUrl":"https:\/\/frv.com\/wp-content\/uploads\/2023\/11\/box-5.png","width":370,"height":370},{"@type":"BreadcrumbList","@id":"https:\/\/frv.com\/en\/redex-group-raises-10m-series-a-funding-led-by-aramco-ventures\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/frv.com\/en\/"},{"@type":"ListItem","position":2,"name":"REDEX Group obtiene 10 millones de d\u00f3lares de financiaci\u00f3n de serie A liderada por Aramco Ventures"}]},{"@type":"WebSite","@id":"https:\/\/frv.com\/en\/#website","url":"https:\/\/frv.com\/en\/","name":"FRV","description":"The future happens here","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/frv.com\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/frv.com\/#\/schema\/person\/cc8a0abdaae9c766e2b875c29dc3bc51","name":"Guillermo Agull\u00f3 Beltr\u00e1n","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/frv.com\/en\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/bd4438e09f373ea26a3252ed6d25b05f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/bd4438e09f373ea26a3252ed6d25b05f?s=96&d=mm&r=g","caption":"Guillermo Agull\u00f3 Beltr\u00e1n"},"url":"https:\/\/frv.com\/en\/author\/guillermo-agullofrv-com\/"}]}},"search_content":"<p>REDEX, Asia\u2019s leading Renewable Energy Certificates (RECs) solutions provider, announced today the successful completion of a USD 10 million Series A funding round.<\/p>\n<p> <\/p>\n<p><a href=\"https:\/\/redex.eco\/\" target=\"_blank\" rel=\"noopener\">REDEX\u2019s<\/a> mission is to accelerate the world\u2019s transition towards renewable energy. The new funding will allow the company to expand beyond Asia, and to further innovate in streamlining and digitizing the issuance and trading of RECs.<\/p>\n<p> <\/p>\n<p>Aramco Ventures led the investment, along with notable new investor <a href=\"http:\/\/www.frv.com\">Fotowatio Renewable Ventures (FRV)<\/a>. Aramco Ventures is the corporate venturing subsidiary of Aramco, the world\u2019s leading fully integrated energy and petrochemical enterprise. FRV is a leading global renewable energy development company headquartered in Spain. Other investors from Southeast Asia and Japan also participated in the round.<\/p>\n<p> <\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n REDEX is well positioned as the leading marketplace for I-RECs, which will enable renewable energy markets in many parts of the world. We look forward to collaborating with the REDEX team to extend this capability into new geographies. <\/div>\n <div class=\"sh-quote-name\">\n Bruce Niven <\/div>\n <div class=\"sh-quote-position\">\n Executive MD, Strategic Venturing at Aramco Ventures <\/div>\n <\/div>\n \n<p> <\/p>\n<p> <\/p>\n<p>Established in 2018, REDEX Group is a first-mover RECs player in Asia, offering a full suite of RECs management solutions covering asset registration, verification, trading, and retirement.<\/p>\n<p> <\/p>\n <div class=\"sh-quote\">\n <div class=\"sh-quote-content\">\n We are witnessing tremendous growth in the adoption of RECs by brand owners striving to be 100% renewable, both for themselves and their supply chains, The demand for green energy is very real, and the number of RECs issued and retired is more than doubling year on year. Building on the trust we have established with key players in the ecosystem, REDEX is well-positioned to play a leading role in the exponential growth of RECs adoption globally. <\/div>\n <div class=\"sh-quote-name\">\n Jen-Wee Kang <\/div>\n <div class=\"sh-quote-position\">\n Founder and CEO of REDEX <\/div>\n <\/div>\n \n<p> <\/p>\n<p> <\/p>\n<p>As a concept, RECs are very simple \u2013 the instrument traces one\u2019s power consumption to renewable energy sources. Its simplicity is precisely why the instrument is the most convenient and practical way for companies to achieve Scope 2 neutrality.<\/p>\n<p> <\/p>\n<p>RECs are endorsed and adopted by RE100, the main consortium of leading brand owners committed to 100% renewable electricity. The consortium was originally formed in 2014 by 13 corporate partners. Today, RE100 has more than 400 members who consume around 400 TWh of power.<\/p>\n<p> <\/p>\n<p>REDEX believes there is great potential to apply RECs creatively in the industrial sector, like for green aluminium, steel, and cement \u2013 commodities that are covered in the starting phase of Europe\u2019s Carbon Border Adjustment Mechanism (CBAM).<\/p>\n<p> <\/p>\n<p>In April, the company announced that it was the first API-integrated Platform Operator Account on I-REC, the world\u2019s largest RECs registry. In June, REDEX also announced its partnership with China Southern Grid, supporting the grid operator in its role as an I-REC Issuer in China.<\/p>\n","search_term":"","_links":{"self":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/18248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/comments?post=18248"}],"version-history":[{"count":2,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/18248\/revisions"}],"predecessor-version":[{"id":18251,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/posts\/18248\/revisions\/18251"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media\/18249"}],"wp:attachment":[{"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/media?parent=18248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/categories?post=18248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frv.com\/en\/wp-json\/wp\/v2\/tags?post=18248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}