ReWatt Power

What ReWatt Power does

ReWatt Power Inc. is a Calgary-based financial technology company that aggregates small-scale clean energy producers and electric vehicle charging operators into "collective power plants" to monetize carbon and clean fuel credits that would be uneconomical for individual participants. The company operates two core product lines: Rewatt Market, an online marketplace for trading carbon offsets and credits, and Rewatt Connect, a software platform for running financial incentive and climate programs. Specialized programs include the Alberta Solar Credits Program (for residential and commercial solar PV systems from 1kW to 5,000kW), an EV Charging Program covering Canada CFR and BC LCFS credits, and a partner-branded program for UTILITYnet customers. The underlying technology is a cloud-based climate accounting platform with automated data collection through nine pre-built solar inverter integrations (APSystems, Enphase, SolarEdge, Solis, SMA, Fronius, Hoymiles, Huawei, REFUsol) and an EV charging API (EnergSync) for charging network operators.

The company earns revenue primarily through transaction fees ranging from 10% (large volume) to 25% (standard/small volume) on credit sales, with credit prices varying materially by jurisdiction (Alberta TIER credits at 15-35% discount to carbon price; BC LCFS credits above $400/credit; Canada CFR credits at $150/credit). Customer segments include solar PV owners, EV charging network operators, and EV charging site hosts across Canada, with a stated expansion into utility-scale clean energy and impact projects. Distribution combines a self-service web application (app.rewattpower.com), direct sales with a "Book a Call" HubSpot flow, and channel partnerships with utility and EV charging operators including UTILITYnet, Ziing, and DM EVS (Datametrex subsidiary).

ReWatt is founder-led by CEO Prageet Nibber, with a small team of 1-10 employees including CTO Julian Wood and CPO/Engineering Lead Tarun Chari. The company was founded in 2018 (per company history), participated in Creative Destruction Lab and The 51 Ventures accelerators in 2017, and was accepted into the 2021 RBC Women in Cleantech Accelerator. Notable 2023 milestones include the UTILITYnet partnership (April 2023), the Ziing EV charging integration (May 2023, the first fully integrated platform deployment), the DM EVS partnership (May 2023), and the December 2023 transition of BMO Radicle solar community members onto the ReWatt platform. No patents, regulatory actions, acquisitions, or material funding rounds beyond early accelerator participation are disclosed.

Name

ReWatt Power

Legal name

ReWatt Power Inc.

Website

https://rewattpower.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Carbon Credit Platform

akta.pro primary industry

Digital MRV & Traceability Platforms (dMRV, APIs, Data Pipelines, Tokenization Support) (EUABACAK)

akta.pro secondary industries

Climate Finance Strategy (CapEx planning, green finance, incentives & grants) (EUABAKAG), Climate Finance, Carbon Markets & MRV Systems (BPADALAB)

Keywords

• Carbon credit aggregation
• Clean fuel credits
• Solar carbon offsets
• EV charging credits
• Climate accounting platform

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Fees on Carbon Credit Sales: Rewatt charges a transaction fee (25% standard, with sliding scale 10-25% based on organization volume) on credit sales. The company aggregates members into collective power plants to share verification costs and negotiate better credit pricing. Revenue is earned when carbon credits are sold to buyers at best available prices.
2. Platform Membership/Aggregation Fees: Membership-based aggregation model where solar owners and EV charging operators join collective projects. Rewatt handles data collection, compliance, verification, and credit sales as the aggregator/broker.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

ReWatt Power operates a cloud-based climate accounting and carbon credit monetization platform that aggregates small-scale solar PV generators and EV charging network operators into collective power plants, then handles data collection, government compliance, third-party verification, and brokering of the resulting carbon credits (Alberta TIER, BC LCFS, Canada CFR) on behalf of participants. Revenue is earned via transaction fees on credit sales, with a complementary marketplace (Rewatt Market) for trading credits and a software platform (Rewatt Connect) for running incentive and climate programs.

Product overview

ReWatt Power is a financial technology company offering a climate accounting and monetization platform for individuals, companies, and municipalities. The product portfolio consists of two core offerings: Rewatt Market, an online marketplace for generating and trading carbon offsets and credits, and Rewatt Connect, a software platform for running financial incentive and climate programs. The company operates specialized programs including the Alberta Solar Credits Program for solar PV systems, an EV Charging Program for electric vehicle charging stations across Canada, and a dedicated partnership program with UTILITYnet. All programs work by aggregating small-scale producers into collective power plants to share costs and access carbon markets. The company also offers the EnergSync EV Charging API for technical integration.

Differentiator

Problem solved

Functional benefit

Brands

• Rewatt Market: Online marketplace helping organizations generate and trade high-quality offsets and credits.
• Rewatt Connect

Products and services

• Rewatt Market An online marketplace that enables organizations to generate and trade high-quality carbon offsets and environmental credits by aggregating small-scale solar and clean energy producers into collective power plants to access carbon markets.
• Rewatt Connect A software platform that helps companies and municipalities run financial incentive and climate programs with their clients, employees, and stakeholders, including automated climate accounting, monitoring of clean energy initiatives, and environmental program reporting.
• Alberta Solar Credits Program A program enabling Alberta residential and commercial solar PV generators (1kW to 5,000kW systems) to earn income from carbon credits; Rewatt aggregates solar sites into a collective power plant, handles verification and credit sales, and distributes earnings to participants over an 8-year offset period.
• EV Charging Clean Fuel Credits Program A program for EV charging network operators and site hosts to earn revenue from Canada CFR and BC LCFS clean fuel compliance credits by connecting charging session data, with credit stacking available for BC sites.
• EV Charging API (EnergSync) A REST API (OpenAPI 3 specification) enabling EV charging network operators and charging providers to connect their charging session data to the Rewatt platform via /chargers, /chargers/{chargerId}, and /chargers/{chargerId}/sessions endpoints, with API key authentication and AWS API Gateway deployment guidance.

Quantifiable outcome

• 200kW solar system can earn $69,648-$99,823 over 10 years (conservative to aggressive case)
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature6 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• ZiingcoreChannel Partner/ Reseller/ Distributor · 30 May 2023Ziing is the first company to launch EV charging sites fully integrated into Rewatt's credit generation platform. Partnership enables Ziing's logistics fleet customers to unlock Canadian clean fuel credits from EV charging activities. Joint press release dated May 30, 2023.
• DM EVS (Datametrex Electric Vehicle Solutions)minorChannel Partner/ Reseller/ Distributor · 24 May 2023DM EVS, a subsidiary of Datametrex AI Ltd., partnered with Rewatt to accelerate the expansion of DM EVS EV charging network in Canada through clean fuel credit generation. Partnership announced May 24, 2023.
• UTILITYnet (Utility Network and Partners Inc.)coreChannel Partner/ Reseller/ Distributor · 12 April 2023Rewatt Power partnered with UTILITYnet to provide solar customers with easy and efficient carbon market participation. UTILITYnet's Solar Club members can combine benefits with Rewatt's Alberta Solar Credits Program. Joint go-to-market for small-scale solar producers in Alberta. UTILITYnet serves customers in over 450 communities across Alberta.
• EqusminorGTM or Marketing PartnerLogo displayed on homepage under 'Our Partners' section.
• Capital PowerminorGTM or Marketing PartnerLogo displayed on homepage under 'Our Partners' section.
• EnmaxminorGTM or Marketing PartnerLogo displayed on homepage under 'Our Partners' section.
• Yukon GovernmentminorGTM or Marketing PartnerLogo displayed on homepage under 'Our Partners' section.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Pachama: Carbon credit marketplace using satellite monitoring and APIs to connect credit buyers with nature-based and tech-based removal projects; comparable in combining automated MRV/verification with credit brokerage.
• Patch: API-first carbon credit infrastructure platform that enables businesses to embed carbon credit purchasing and offsetting; mirrors Rewatt's developer-first approach to carbon markets and targets similar B2B/integration use cases.
• Persefoni: Climate management and accounting platform for enterprises to measure, report, and reduce emissions; comparable on the automated climate-accounting layer that underpins Rewatt's data collection and verification engine.
• Cloverly: Carbon credits API platform offering programmatic access to offsets and renewable energy certificates; closely matches Rewatt's API-driven, integration-heavy distribution of environmental credits.
• CarbonBetter: Carbon credit and renewable energy certificate platform that helps businesses measure, reduce, and offset emissions; comparable product breadth across climate accounting and credit monetization.
• Watershed: Enterprise carbon accounting and credit procurement platform combining measurement, reduction, and high-quality offset purchasing; overlaps Rewatt's climate-accounting-plus-credit-monetization stack.

Broad incumbents

• 3Degrees: Established renewable energy credit and carbon offset broker serving utility, corporate, and transportation customers; overlaps Rewatt's REC/credit aggregation and brokerage model at greater scale.
• Rubicon Carbon: Carbon credit management and origination platform with diversified project portfolios; a broader incumbent competing for the same pool of credit buyers and project developers Rewatt serves.
• South Pole: Large global carbon credit developer and solutions provider with deep project portfolios and advisory services; competes in the same compliance and voluntary credit markets Rewatt aggregates into.

Regional players

• Offsetters: Canadian carbon offset project developer and retailer (now part of Carbon Engineering / other Canadian climate players) operating in the same Canadian compliance and voluntary market geography as Rewatt.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/rewattpower
• Xx.com/rewattpower

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds2 records

Investors2 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 ReWatt Power