Powertrust

Founded in 2020 and based in British Columbia, Canada, Powertrust operates a platform that connects corporate clients with renewable energy solutions. In February 2023, Powertrust raised USD 1. 2 million in debt funding from Equinor Ventures. Ricky Buch and Nick Fedorkiw (CEO) are the co-founders of the company.

Powertrust primarily offers a renewable energy procurement platform designed to facilitate the aggregation of distributed solar projects, primarily targeting corporations committed to climate action. The firm’s core service involves creating a streamlined, tech-enabled energy procurement process that delivers transparent and verified impacts. This service is geared towards climate-forward organizations looking to meet their sustainability goals while addressing electricity emissions. The platform focuses on smaller, decentralized renewable energy projects, allowing companies to invest in initiatives that displace carbon-intensive electricity generation and enhance energy access for underserved communities.

Powertrust generates its revenue through partnerships and transactions with corporate clients seeking renewable energy procurement solutions. The business model is structured around B2B collaborations, where organizations enter agreements to purchase renewable energy certificates or directly support specific solar projects through financial commitments.