South Africa's first privately licensed electricity trader

As pioneers in the private power sector, we aim to continually promote the growth of the green economy by contracting the generation of energy from renewable sources and trading this energy to consumers seeking its associated benefits.

History

Mission

To assist in the constant expansion of renewable energy capacity in South Africa making green power more accessible to the market at large by facilitating distributed generation projects.

2009

NERSA awards bulk electricity trading licence for pilot

2011

Use of Systems Agreement signed with Nelson Mandela Bay Municipality

2013

Trade commences in the Bay

2014

NERSA extends trading licence creating certainty for the establishment of the industry

2016

Company rebranded POWERX

2016

First independent power traded on prepaid platform in SA

2017

Company under new leadership as Thembani Bukula appointed CEO

2017

Power under trade breaks 5MW threshold

2018

Power traded reaches 10MW

2021

Contracted supply via PPA from large-scale hydro to Eskom direct consumer

2022

First trade to Eskom direct consumer

2022

30MW threshold reached

2022

Traded power reaches 30MW

2023

Concluded PPA's of 125MW coming online 2025 Deepened our impact in Nelson Mandela Bay with support for students and the elderly.

2024

Participation in the City of Cape Town Wheeling Project

2025

Financial Close on ~300GWh projects

2026

Pipeline > 800GWh

Vision

To be a significant contributor in the development of the renewable energy sector in South Africa by providing a unique energy trading platform for the sector as a whole and extending this model into the broader Southern African region.