What RE24 does

RE24 Limited is a UK-based energy technology company founded in 2022 and headquartered in London that operates an hourly-matched renewable energy procurement platform targeted at data centre operators. The company's core offering combines a self-serve Power Purchase Agreement (PPA) marketplace (RE24 Marketplace) with a real-time energy monitoring and analytics platform (RE24 Insights), enabling corporate buyers to match renewable energy generation to data centre consumption on an hour-by-hour, same-grid basis rather than relying on annual certificates. Underlying technical components include a proprietary hourly matching engine, a volume-weighted 24/7 Carbon-Free Energy (CFE) score calculation, granular time-stamped energy certificates compliant with the EnergyTag Standard, and automated compliance reporting aligned to GHG Protocol and CSRD requirements.

The company monetises through a combination of recurring platform subscriptions, transaction-based fees on facilitated PPAs, tiered consulting services (ranging from free 30-minute strategic assessments to £2,000+ strategic projects), and long-term REGO purchase contracts with renewable energy generators. Its primary customer segment is data centre operators — including colocation and hyperscale players — supplemented by renewable energy generators seeking bankable offtake and large energy-intensive enterprises requiring PPA advisory. RE24 has secured enterprise deployments with Keppel DC REIT Ireland (four 10-year PPAs aggregating 111+ GWh), Seacon Terminals, and AI-focused operators such as Danucore AI, with operations spanning the UK, Ireland, France, Sweden, Spain, Germany, and Asia.

Go-to-market combines enterprise field sales targeting data centre operators with a product-led self-serve marketplace that compresses PPA procurement timelines from months to seconds, supplemented by event-driven demand generation through industry roundtables, conferences, and webinars. The company has secured B Corp, ISO 9001, ISO 14001, and ISO/IEC 27001 certifications, is a signatory to the UN 24/7 Carbon-Free Energy Compact, and completed the iMasons Innovation Incubator programme. Primary funding is grant-based via Innovate UK; the firm is privately held by founder Dan Tennakoon with 11-50 employees and no disclosed institutional venture capital.

Name

RE24

Legal name

RE24 Limited

Website

https://re24.energy

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Short description

RE24 is a UK-based energy technology company that operates an hourly-matched renewable energy procurement platform for data centre operators, combining a self-serve PPA marketplace (RE24 Marketplace) with real-time monitoring and analytics (RE24 Insights) to enable 24/7 carbon-free energy verification, regulatory compliance, and long-term PPA management.

Ownership category

akta.pro rank

Product category

Renewable Energy Procurement Software

NAICS

Custom Computer Programming Services (541511), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

REC/GO Aggregation & Supply Origination (Generators/IPP Aggregators) (EUAMAKAH)

akta.pro secondary industries

REC/GO Brokerage & Intermediation (EUAMAKAC), REC/GO Contracting & Structuring (Spot, Forward, PPA-Linked EACs) (EUAMAKAI), Digital MRV & Traceability Platforms (dMRV, APIs, Data Pipelines, Tokenization Support) (EUABACAK)

Keywords

• Renewable energy procurement
• PPA marketplace
• Hourly energy matching
• Carbon-free energy
• Data centre energy

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Platform Subscription: Monthly subscription fee charged upon onboarding to the RE24 platform. Subscription covers real-time monitoring, hourly matching verification, analytics dashboard, automated compliance reporting, and access to renewable energy sourcing connections.
2. PPA Transaction Facilitation: RE24 facilitates Power Purchase Agreement negotiations and management between renewable energy generators and data centre buyers. Revenue is derived from structuring and managing PPA contracts through the marketplace platform.
3. Consulting Services: Tiered consulting services including Free Support (30min overview), Quick Advisory (£150 for 30min due diligence), Executive Advisory (£350 for 1hr), and Strategic Projects (£2,000+ project scope) for energy procurement strategy, contract review, and implementation support.
4. REGO Purchase: RE24 purchases Renewable Energy Guarantees of Origin (REGOs) from UK renewable energy projects under long-term fixed-price contracts (10-15 years), providing generators with bankable revenue and RE24 with certificates for resale or portfolio management.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

RE24 operates a SaaS platform and marketplace that enables data centres to procure, manage, and verify hourly-matched renewable energy through Power Purchase Agreements (PPAs) with renewable energy generators. The platform combines real-time energy monitoring and compliance reporting (RE24 Insights) with an automated PPA matching engine (RE24 Marketplace) that aggregates solar, wind, hydro, and storage projects into solutions matched to demand hour by hour. It delivers traceable, EnergyTag-compliant hourly energy certificates to support 24/7 carbon-free energy claims and ESG/CSRD/GHG Protocol compliance.

Product overview

RE24 operates as a dual-product platform combining a SaaS energy management platform with a marketplace. The core offering comprises RE24 Insights (real-time energy analytics and monitoring), RE24 Marketplace (automated PPA procurement matching engine), and RE24 Enterprise Solution (SaaS platform for PPA management). Supporting services include RE24 REGO Services for renewable energy generators, RE24 Generator Insights for asset monitoring, and tiered Energy Consultation services. The platform focuses on connecting data centres directly with renewable energy producers through PPAs for hourly-matched green energy procurement with full traceability.

Differentiator

Problem solved

Functional benefit

Brands

• RE24 Insights: Real-time energy monitoring and hourly matching verification platform for data centres
• RE24 Marketplace

Products and services

• RE24 Insights Real-time energy analytics platform providing data centre operators with hourly matched renewable energy tracking, consumption vs. renewable generation coverage, real-time emissions, cost savings vs. wholesale, and PPA performance metrics for GHG Protocol and CSRD compliance reporting.
• RE24 Marketplace Renewable energy PPA marketplace enabling data centres to source green energy from verified generators (wind, solar, hydro) through an automated matching engine that returns aggregated PPA solutions matched to hourly demand in seconds.
• RE24 Enterprise Solution Comprehensive SaaS platform combining monitoring, matching, and management capabilities for data centres to procure, track, and manage hourly-matched renewable energy via PPAs, with a monthly subscription covering real-time monitoring, analytics dashboard, automated compliance reporting, and renewable sourcing connections.
• RE24 REGO Services Service for renewable energy generators to sell their Renewable Energy Guarantees of Origin (REGOs) to RE24 through long-term fixed-price contracts (10-15 years), providing bankable revenue and zero administrative burden for generators.
• RE24 Generator Insights Asset monitoring platform for green energy generators to track PPA performance, energy certificates, energy surpluses, and revenue generation in real time.
• RE24 Energy Consultation Tiered advisory services for businesses seeking PPA procurement and decarbonisation strategy: Free Support (30-minute overview), Quick Advisory (£150 for 30-minute due diligence), Executive Advisory (£350 for 1-hour engagement), and Strategic Projects (£2,000+ project scope) covering full procurement strategy, vendor evaluation, multi-site planning, and complex deal structuring.

Quantifiable outcome

• 79% hourly renewable matching achieved for Keppel DC REIT Ireland through four Irish wind and solar PPAs
• +6 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• EnergyTagcoreStrategic or Co-development PartnerEnergyTag is the non-profit energy initiative building the framework for hourly energy certificates. All of RE24's Hourly Energy Certificates are compliant with the granular EnergyTag Standard. EnergyTag provides the certification framework underpinning RE24's core product differentiator.
• UN, Sustainable Energy for All – 24/7 Carbon Free CompactcoreStrategic or Co-development PartnerRE24 is a signatory to the UN's 24/7 Carbon-Free Energy Compact — a global group of companies, policymakers, investors and organisations working to realise 24/7 carbon-free energy for all. RE24's CFE score methodology aligns with the UN compact's standards.
• The 5% ClubminorOthersThe 5% Club is a movement of UK employers working together to create more opportunities to train and learn new skills while working. RE24 participates as a member employer committed to skills development and training.
• Greencoat RenewablescoreTechnology or IntegrationGreencoat Renewables is an investor in renewable asset infrastructure across Europe with 1,400+ MW of generation capacity across Ireland, France, Sweden, Spain, Germany and Finland. They are a green energy generator partner supplying renewable energy through PPAs facilitated by RE24 for data centre clients. RE24 has executed multiple wind PPAs between Greencoat Renewables and Keppel DC REIT.
• Metlen Energy and MetalscoreTechnology or IntegrationMetlen Energy and Metals (formerly Mytilineos) is a green energy generator partner. RE24 executed two solar PPAs between Metlen Energy and Metals and Keppel DC REIT (13 GWh total, live from May 2024) through the RE24 Marketplace.
• Seacon TerminalscoreTechnology or IntegrationSeacon Terminals is a green energy generator partner. RE24 executed its first PPA between Motive Fuels Ltd. and Seacon Terminals Ltd. The cost-effective energy solution went into effect from February 2023.
• Infrastructure Masons (iMasons)coreStrategic or Co-development PartnerRE24 completed the 12-month iMasons Innovation Incubator programme, gaining global exposure, deepening industry partnerships, and cementing its platform as the leading solution for direct renewable energy procurement in data centre operations.
• Orrick, Herrington & Sutcliffe LLPminorImplementation/ SI/ Consulting PartnerRE24 co-hosted a high-level Data Centre Renewable Procurement Roundtable in London with Orrick and Metlen. Orrick provides legal expertise supporting RE24's advisory and consulting services on PPA structuring and regulatory compliance.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Emerging players

• Clearloop (a Kateri Carbon company): Carbon accounting and clean energy procurement platform for corporates pursuing Scope 2 reductions. Adjacent peer overlapping with RE24's carbon reporting and PPA advisory offerings.
• WattCarbon: Hourly carbon accounting platform for clean energy procurement, including 24/7 CFE tracking. Overlaps with RE24's hourly matching and Insights capabilities, with a focus on verified carbon avoidance claims.
• Tomorrow.io: Climate intelligence platform incorporating renewable energy forecasting and weather-driven energy analytics. Loosely adjacent to RE24's Insights platform via weather/forecast-driven renewable generation modelling.

Others

• EnergyTag: Non-profit initiative developing the standard for hourly energy certificates. RE24 is an EnergyTag signatory whose certificates comply with the EnergyTag standard — an enabling relationship rather than a competitor.

Direct peers

• FlexiDAO: Provides 24/7 carbon-free energy matching software and hourly certificate infrastructure for corporates and data centres. Closest competitor to RE24's hourly matching engine and CFE score methodology, and an explicit EnergyTag-aligned player.
• REsurety: Renewable energy analytics firm providing PPA valuation, risk management, and hourly matching insights for clean energy buyers and developers. Comparable to RE24's Insights platform and PPA advisory services.
• LevelTen Energy: Operates a leading global PPA marketplace connecting renewable energy buyers and sellers, with analytics and price-index infrastructure. Directly comparable to RE24's marketplace and Insights combination, though LevelTen focuses on traditional PPAs rather than hourly-matched certificates.

Broad incumbents

• ENGIE: Global utility with significant renewable generation and corporate PPA offerings across Europe. Represents a large incumbent alternative for data centre renewable procurement that RE24 must displace.
• Next Kraftwerke: European virtual power plant operator and renewable energy trader active across multiple EU markets. Comparable as an incumbent renewable energy intermediator, though much broader in scope than RE24's hourly-matched data centre focus.
• Statkraft: Europe's largest renewable energy generator and a major PPA originator for corporate buyers. Competes with RE24 in the corporate PPA market with vastly greater capital, generation assets, and trading capabilities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights5 records

Customer concentration

• YouTubeyoutube.com/@re24energy
• LinkedInlinkedin.com/company/re24

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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 RE24