What Evergreen Renewables does

Evergreen Renewables Inc. (d/b/a Ever.green) operates a clean energy marketplace that connects renewable energy project developers with corporate buyers for two core products: High-Impact Renewable Energy Certificates (RECs) with verified additionality, and transferable clean energy tax credits under the Inflation Reduction Act. The company was founded in 2021 and is headquartered in Seattle, Washington. Its platform combines an online marketplace (marketplace.ever.green) with supporting developer tools including the IRA Bonus API, Tax Credit ROI Calculator, IRA Bonus Eligibility Map, and an Impact Scorecard that evaluates projects on avoided emissions, land use, wildlife protection, labor and materials sourcing, and community engagement. Projects transacted on the platform span utility-scale and distributed solar, repowered wind, storage, geothermal, biogas, microgrids, and EV charging, with transactions structured as forward contracts and accompanied by end-to-end REC serialization, hourly metadata, retirement, and reporting services. The company's business model is a take-rate on marketplace transactions, with multi-year forward contracts for REC procurement and transaction fees on tax credit transfers (where buyers currently pay approximately $0.90-$0.95 on the dollar depending on project risk and structure). Ever.green is Green-e certified, claims alignment with the GHG Protocol Scope 2 framework, SBTi, CDP, and RE100, and actively participates in the GHG Protocol Scope 2 standard revision process. Customer reach includes 200+ named logos spanning enterprise (Stripe, Atlassian, Autodesk, Wells Fargo, REI, Brooks Running, Slalom, Watershed) and mid-market buyers, with project-level buyer coalitions such as a Microsoft supplier network supporting the 5MW Baron Solar project in North Carolina. The company has 1-10 employees, closed a $6.1M seed round in March 2023 led by Designer Fund and PSL Ventures, and is led by Cris Eugster (President & CEO), Michael Leggett (CPO), and Liz Pearce (CRO).

Name

Evergreen Renewables

Legal name

Evergreen Renewables Inc.

Website

https://ever.green

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Evergreen Renewables (Ever.green) is a Seattle-based marketplace connecting renewable energy project developers with corporate buyers for High-Impact RECs with verified additionality and IRA-transferable clean energy tax credits, serving enterprise and mid-market sustainability teams.

Ownership category

akta.pro rank

Product category

Clean Energy Marketplace

akta.pro primary industry

REC/GO Trading Platforms & Exchanges (EUAMAKAD)

akta.pro secondary industries

Green Power Retailing & Bundled Supply (Energy + Certificates) (EUAGAFAE), Certificate Retirement & Claims/Disclosure Management (Scope 2, Fuel Mix, Labeling) (EUAGAFAI), Certificate Origination & Market Making (Liquidity Provision) (EUAGAFAG), REC/GO Retail Supply & Green Tariffs (Bundled/Unbundled) (EUAMAKAF)

Keywords

• Clean energy marketplace
• Renewable energy certificates
• Clean energy tax credits
• Additionality verification
• Carbon credit procurement

Headquarters

HQ city

Seattle

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Digital Commerce or Content

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations

Revenue model

1. RECs (Renewable Energy Certificates) Marketplace: Ever.green operates as a trusted marketplace for buying and selling High-Impact RECs. The company connects corporate buyers seeking RECs for sustainability goals with renewable energy developers who need financing through forward contracts. Revenue is generated through facilitating transactions between buyers and sellers of RECs, providing comprehensive management including serialization, retirement, and reporting services.
2. Clean Energy Tax Credits Marketplace: Ever.green facilitates the transfer of clean energy tax credits (ITCs and PTCs) between sellers (renewable energy developers) and buyers (corporate buyers, high-net-worth individuals, partnerships). The company connects parties through a matching process (bid/auction), conducts due diligence, provides purchase agreement templates, and manages the overall transaction process. Sellers can list projects and buyers can purchase credits through the marketplace.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Ever.green operates an online marketplace that connects renewable energy project developers with corporate buyers for High-Impact Renewable Energy Certificates (RECs) and transferable clean energy tax credits under the IRA. The company provides end-to-end REC management, Impact Scorecard co-benefits evaluation, verified additionality, hourly-stamped metadata and retirement, and a developer-facing IRA Bonus API with eligibility maps and ROI calculators to support transactions.

Product overview

Ever.green operates as a clean energy marketplace platform connecting renewable energy developers with corporate buyers. The platform offers two core products: High-Impact RECs (Renewable Energy Certificates) that enable new clean energy projects through verified additionality, and Clean Energy Tax Credits for buying and selling transferable credits under the IRA. Supporting platform tools include the IRA Bonus API for developer integrations, the IRA Bonus Eligibility Map, Tax Credit ROI Calculator, Impact Scorecard, and Custom Marketing Toolkit. The ecosystem supports projects including solar, wind, storage, geothermal, biogas, and EV charging.

Differentiator

Problem solved

Functional benefit

Products and services

• High-Impact RECs Renewable Energy Certificates that carry verified additionality (developer-legally-attested that revenue materially improves project financial metrics) and Impact Scorecard co-benefits assessment. Sold to corporate sustainability teams via forward contracts that fund new clean energy projects, with end-to-end management including serialization, retirement, marketing toolkits, and reporting.
• Clean Energy Tax Credits Marketplace for transferable ITC and PTC tax credits under the Inflation Reduction Act, covering solar, wind, storage, geothermal, biogas, microgrids, and EV charging projects. Provides bid/auction matching, due diligence, purchase agreement templates, and end-to-end transaction management between project sellers and corporate or individual tax credit buyers.
• IRA Bonus API Standalone developer API returning eligible IRA bonuses and project tax credit rates, including ITC percentages and PTC rates. Discovers Energy Communities, Low Income Community, non-urban status, and census tract eligibility for a project, accessible via documentation at ever-green.readme.io.
• Tax Credit ROI Calculator Online calculator for estimating net return on renewable energy tax credit transfers, helping project developers calculate potential earnings from ITC and PTC credit sales.
• IRA Bonus Eligibility Map Interactive map tool displaying energy communities, low-income census tracts, and other IRA bonus eligibility zones, helping renewable energy project developers assess their eligibility for bonus credits.
• Impact Scorecard Evaluation framework that scores renewable energy projects on avoided emissions, land use, wildlife protection, labor and materials, and community engagement, providing quantifiable metrics for climate co-benefits assessment.
• Ever.green Marketplace Online marketplace platform connecting renewable energy project developers with corporate buyers for REC and tax credit transactions, including project listings with location, size, technology, stage, and documentation, as well as bidding and transaction management.

Quantifiable outcome

• Ocotillo Refurbished Wind Farm: 55MW repowered with 14 companies participating
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• REI Co-opcoreGTM or Marketing Partner · 22 June 2026REI Co-op purchased the majority of Pruger Solar project's High-Impact RECs, supporting clean energy in Marion County SC where energy costs consume ~10% of annual income for residents.
• Microsoft Supplier NetworkcoreGTM or Marketing Partner · 22 April 2026Microsoft suppliers including Slalom Consulting, Centific Technologies, ImagiCorps, IP House, BDA, Eleven 11 Solutions, TASA Analytics, and Visionet Systems signed long-term REC contracts through Ever.green to support Baron Solar project, delivering on Microsoft's Carbon-Free Electricity supplier expectations.
• Headwater EnergycoreStrategic or Co-development PartnerHeadwater Energy is a renewable energy company focused on utility-scale solar projects and distributed and mid-scale solar development. They are the developer, owner, and operator of Baron Solar (5MW in NC), Pruger Solar (2MW in SC), and other projects brought to market through Ever.green.
• Cutler DevelopmentminorGTM or Marketing PartnerIowa-based commercial real estate developer focused on sustainable buildings. Partnered as buyer for Pruger Solar project to achieve Zero Carbon Certification for their mass timber projects.
• Greenhouse Gas ProtocolcoreStrategic or Co-development PartnerEver.green actively engages with GHG Protocol on Scope 2 standard revisions, submitting detailed survey responses and publishing positions on hourly matching, location-based method, and market-based method updates.
• Green-ecoreOthersEver.green projects are Green-e certified, verifying that renewable energy certificates meet environmental and consumer protection standards.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Terrapass: Terrapass is a carbon offset and REC marketplace serving businesses and individuals. It competes with Ever.green for corporate voluntary REC demand, though its focus is broader (offsets, carbon-neutral products) rather than additionality-only RECs.
• Wattcarbon: Wattcarbon operates a marketplace and analytics platform for clean energy assets, connecting distributed energy resources with corporate buyers. Comparable to Ever.green in targeting REC and clean-energy attribute transactions with a tech-forward approach.
• Carbon Growth Partners: Carbon Growth Partners is a buy-side advisor and marketplace for transferable clean energy tax credits under the IRA. Directly comparable to Ever.green's tax-credit transfer business and competes for the same developer and corporate counterparties.
• 3Degrees: 3Degrees is a long-established REC and carbon offset provider serving enterprise and utility buyers. It overlaps directly with Ever.green on voluntary REC procurement but is broader in scope, including utility-scale PPAs and traditional REC brokering.
• Patch: Patch operates an API-first carbon credit and REC marketplace used by software platforms and enterprises to embed clean-energy purchases into product flows. It is a direct competitor on transactional REC procurement, especially for digital-first buyers.
• Clearloop: Clearloop connects corporate buyers with new, geographically targeted solar projects, with a focus on additionality and community impact. Closely aligned with Ever.green's High-Impact REC thesis and similar in serving corporate sustainability teams seeking measurable new-build impact.
• Watershed: Watershed is an enterprise climate management platform that includes REC procurement and carbon accounting. It is a direct competitor to Ever.green on the buyer side (also a partner of Ever.green per its customer list) and offers a broader sustainability stack that could subsume additionality-focused REC buying.

Emerging players

• Chord Energy: Chord Energy is an emerging platform facilitating tax credit transferability transactions in the IRA market. Comparable to Ever.green's tax-credit transfer marketplace but at an earlier stage, focused primarily on credit monetization rather than bundled REC offerings.

Others

• Green-e: Green-e is the leading third-party certification program for renewable energy and carbon offset products. It is an enabling partner (Ever.green projects are Green-e certified) rather than a competitor, but its certification standards shape the broader REC market Ever.green operates in.

Broad incumbents

• LevelTen Energy: LevelTen Energy runs a broader PPA and renewable energy contract marketplace serving large corporate buyers. It overlaps with Ever.green on clean-energy procurement but operates at a larger scale across PPAs rather than focusing on REC additionality.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@ever-green
• LinkedInlinkedin.com/company/withEvergreen
• Xx.com/withEvergreen

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Evergreen Renewables