CFEX has announced a new funding round led by Mobilize Energy Capital, with participation from TSV Capital and existing investor Accurant International. CFEX reports that it will use this funding to accelerate the market launch of its automated bilateral contract settlement technology for energy buyers and sellers.
CFEX claims its software is the first to automate the settlement of complex bilateral energy contracts, which are still largely handled manually due to variability and contractual complexity. At the core of the offering is the Contract Rule Engine, described as a tool for converting intricate contract terms into settlement-grade software models. This enables both energy buyers and sellers to automatically settle transactions with improved precision and to track daily financial positions, rather than waiting until month-end.
The technology targets wholesale energy buyers and sellers, which CFEX says have validated its solution through commercial contracts and pilot projects. According to the company, demand for such tools has risen due to growing energy needs stemming from electrification trends and artificial intelligence (AI) workloads, notably in data centers. Power Purchase Agreement (PPA) contracts are highlighted as a primary use case, helping build diverse energy portfolios for energy-intensive operations like AI data centers.
CFEX’s Carbon-Free Energy Cloud application suite automates revenue tracking, billing, billing settlement, and energy attribute management for energy producers. For buyers such as enterprises and utilities, it offers cost tracking, invoice reconciliation, and decarbonization of energy-related emissions. Key operational benefits, CFEX claims, include reduced transaction errors, higher accuracy, and improved auditability in energy management processes.
George Manahilov, Managing Partner at Mobilize Energy Capital, said, “With AI data centers’ insatiable demand for energy, PPA contracts are increasingly becoming the tool of choice to build an all-of-the-above energy supply portfolio, in front and behind the meter,” adding, “As a former energy project developer, we saw firsthand the challenges of operating these contractual relationships and the value of CFEX’s technology.”
Eugene Zhang, Founding Partner at TSV Capital, added, “Energy fuels the AI revolution.” Zhang continued, “At TSV Capital, we invest across the AI value chain. CFEX provides a critical transaction technology to deliver energy to AI data centers.”
Source: CFEX
