T-REX Unlocks Energy Project Finance Capabilities Through DNV GL’s Open Industry Platform
New York, NY: T-REX, a leading enterprise software solutions provider for the complex financing of renewable energy assets, announced that it has partnered with Veracity by DNV GL to marry the game-changing power of 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 sophisticated financial modeling and analytics platform to the Veracity marketplace, bringing unparalleled, 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 and learn more by visiting T-REX’s website.
Scott Miller, CBDO of T-REX said, “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.”
Bjørn Tore Markussen, Head of Veracity at DNV GL, 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.”
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.
About T-REX
T-REX is the leading provider of enterprise software and managed data services for renewable energy and other esoteric asset classes. With T-REX, market practitioners access a complete suite of tools and data to analyze, assess, and accurately price the risk associated with issuing and investing in renewable energy and other complex asset classes. By eliminating manual processes and automating workflow, T-REX enhances efficiency, transparency, collaboration, and security across the entire investment lifecycle, from asset owners and developers to investment banks, lenders, accounting firms, through to investors and asset managers.
About Veracity by DNV GL
To facilitate frictionless connections between different industry players, domain experts and data scientists, DNV GL has built Veracity – an open and secure platform facilitating exchange of services, datasets, APIs, applications and insights. Veracity is designed to help companies unlock, qualify, combine and prepare data for analytics and benchmarking.
Source: itnewsonline
