T-REX, an enterprise software solutions provider for the complex financing of renewable energy assets, announced that it has partnered with Veracity by DNV GL to marry financial technology with big data across the renewable energy sector. T-REX joins DNV GL’s rapidly growing marketplace of 130,000 active users from several thousand companies.
In the new product partnership, T-REX extends its financial modeling and analytics platform to the Veracity marketplace, bringing turnkey energy project finance solutions to this ecosystem of asset owners, asset operators, and analytic providers for the first time. T-REX translates performance data of power-generating assets into financial models for better decision making across the investment lifecycle, from developers to lenders to end investors. Access T-REX on DNV GL’s Veracity marketplace at store.veracity.com and learn more about T-REX at trexgroup.com/epf.
“This partnership is an outstanding example of how fintech and big data together have the potential to move markets. Given the highly nuanced nature of renewables, typical project finance tools are unable to provide the analytical precision required to properly assess and price related financing risk. As a result, many high potential projects don’t receive adequate funding. T-REX fills this gap by combining renewable energy asset class expertise with SaaS technology. With T-REX, you can efficiently interpret massive quantities of physical asset data to expose the underlying value proposition of renewables projects.” Miller continued, “T-REX is pleased to extend our Energy Project Finance solutions to Veracity subscribers to optimize decision making in renewables. We see tremendous opportunity to help unlock liquidity in these markets,” Scott Miller, CBDO of T-REX said.
“We are committed to adding value to subscribers’ user experience by continuing to expand our offering of specialty applications. T-REX brings additional value to the marketplace, filling a need for energy project finance solutions. With T-REX onboard, we come that much closer to building a one-stop hub for energy industry solutions that cover the full value chain,” Bjørn Tore Markussen, Head of Veracity at DNV GL, said.
Veracity is a secure platform facilitating exchange of datasets, APIs, applications and insights. Through Veracity, DNV GL offers its institutional subscriber base access to a range of specialty applications.
News item from T-REX