New investment:

New Investment: Digital Marketplace for Power Purchase Agreements: TGFS invests in Think RE GmbH 

TGFS

01 March 2021

TGFS Technologiegründerfonds Sachsen invests in Think RE GmbH (seed phase) from Wurzen. The company was founded in May 2019 by Dr. Steffen Hundt and Stephan Dinse and later developed further together with Mataza Golzari. Think RE focuses on green power from renewable energy sources. „The pressure on companies to reduce their CO₂emissions has increased increasingly in recent years. At the same time, producers of green power are increasingly looking for alternative waysto finance and sell electricity,“ says Dr. Steffen Hundt, CEO of Think RE, explaining the market situation. And this is exactly where he and Stephan Dinse and Mataza Golzari come in with their digital marketplace RE Wave .

In the focus RE Wave stands the procurement, financing, negotiation and contracting of Power Purchase Agreements (PPAs), i.e. long-term electricity supply contracts. PPAs are seen as a promising instrument that has been tried and tested in other countries, particularly in the USA. The aim of PPAs is to to increase the share of renewable energies and to enable companies to participate directly in the build-up. In Germany, too, PPAs can offer project developers and operators an economic alternative to the Renewable Energy Sources Act (EEG) and thus outside of subsidized markets. At present, PPAs are still mostly concluded directly and often fail due to their complexity and the associated long negotiation period. If a suitable partner can be found at all. Think RE addresses these issues by developing RE Wave Wave, a holistic approach that brings all relevant stakeholders to one (virtual) table instead of a less efficient fragmented transaction approach. „Think RE helps both sides to find each other and with RE Wave creates significantly more transparency in the design of relevant contracts,“ comments Dr. Steffen Hundt. 

Hundt, Dinse and Golzari are very familiar with the processes and risks involved in developing and financing renewable energy projects. As managers and consultants in various companies in the energy industry, each of them has accompanied international transactions involving several hundred megawatts of green power in recent years. A significant portion of these were PPAs in Europe. „In-depth industry knowledge and comprehensive customer understanding are important prerequisites for gaining a foothold in the complex electricity market. With a digital marketplace like RE Wave we see that the three founders have this. In addition, RE Wave brings a holistic approach to the integration of process-relevant partners and clearly differentiates itself in the market. We look forward to supporting the founders in growing their company“, summarizes Sören Schuster, Managing Director of TGFS. Since 2008, the fund, currently in its second generation, has supported more than 80 founders and start-ups in the Free State of Saxony.

Dr. Steffen Hundt concludes: „With TGFS as a reliable and financially strong partner, we want to bring our digital marketplace RE Wave to market quickly. The excellent network of TGFS in Saxony and beyond will also help us . So that we can drive the energy transition internationally from the Free State of Saxony.“ 

Your contact
Sören Schuster | Managing Director
+49 341 256963 30
soeren.schuster@cfh.de

Deal team TGFS
Fabian Schaile and Birthe Roß 

Advisor TGFS
GRUENDELPARTNER (legal), Mainframe Beratungs AG (technical)