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ABOUT

AI-powered market data for the energy transition

In today’s fast-moving energy and commodities markets, transactional intelligence can mean the difference between profit and loss. Investors, traders, developers and corporate buyers face common challenges: unclear fundamentals, complex regulations, and rapidly evolving market dynamics.

Noreva transforms complexity into clarity across Power, Capacity, Environmental Attribute and Renewable Fuels Markets through transaction-aligned pricing data, AI-powered forecasts, valuations and expert consulting. The result is actionable intelligence that drives strong ROI, faster decision-making and resilient strategies across the energy transition.

Our Story

Noreva began as Karbone Research in 2008, and has since been a trusted partner and pioneer within the renewable energy and environmental markets.

For nearly two decades, our team of experts have guided our valued industry-leading partners through seismic shifts in commodities markets shaped by policy, geopolitical changes, and technology innovations.

As the energy transition continues to accelerate, we are setting the pace. Noreva's market insights and solutions deliver the next-generation platform where artificial intelligence meets market expertise, delivering precision in markets that remain volatile.

Our Mission & Vision

Our mission is to bring transparency and foresight to volatile energy markets.

We believe that decision-makers need unified views instead of fragmented signals, and predictability grounded in real transaction data instead of guesswork. With Noreva, every client gains the tools to make sound, data-backed investment and trading decisions, and around which they can align their teams on a single source of information for planning, modeling, and compliance.

What Makes Us Different

Noreva stands apart by combining AI precision with market credibility.

AI-powered Forecasts

Built on transactional insights, fundamentals, and policy drivers.

Granular Market Data

Across every commodity and location, from ISO and region down to hub, zone, and node level, with consistent units, metrics, and timestamps.

Unified Coverage

Across commodities: power, capacity, renewable attributes, carbon, fuels.

Flexible Delivery

Through API, CSV, and a searchable client portal.

Credibility

With boards, lenders, investors and regulators, backed by transparent methods and documented assumptions.

Our Services

At Noreva, we deliver specialized intelligence across the full energy transition stack. Each service combines live market data, AI-enabled forecasts, and expert advisory to give clients a competitive edge.

Noreva complements its market data & solutions with tailored consulting services. Our team provides expert insights, bespoke market studies, and advisory support to help clients navigate complex markets, optimize asset revenues, and validate strategic decisions.

  • Power: Pricing datasets and nodal/merchant curves for forward planning and market alignment.
  • Capacity: merchant spot market forecasts.
  • Environmental Attributes: RECs, carbon allowances, and Guarantees of Origin with compliance visibility.
  • Renewable Fuels: LCFS credits, RINs, and CFR pricing and fundamentals signals for trading and procurement.

Noreva’s approach is built on a three-step engine designed for transparency and foresight.

All datasets can be seamlessly integrated into client models via API, CSV exports, or portal, enabling direct use in valuation, risk, or compliance workflows.

  • Data Foundation: Real trading activity, supply–demand balances, and policy frameworks.
  • Forecast Engine: Near-term projections tied to trades; long-term scenarios with risk bands.
  • Client Outcomes: Actionable insights to finance, hedge, and value assets with confidence.

Our platform is designed for decision-makers across the energy ecosystem.

  • Traders & Risk Teams: Actionable pricing, reduced exposure, faster execution.
  • Developers & IPPs: Valuation clarity for projects, PPAs, and new builds.
  • Utilities & LSEs: Resource adequacy alignment and procurement optimization.
  • Investors & Lenders: Bankable assumptions for due diligence and scenario testing.

Energy markets are volatile, fragmented, and policy-driven. Noreva turns this complexity into clarity, giving clients the actionable intelligence they need for pricing strategies, hedging decisions, procurement timing, and long-term asset valuation.

Frequently asked questions

What is Noreva.ai and what does it do?

Noreva delivers AI-powered market data and forecasts for the full energy-transition stack — power, capacity, environmental attributes (RECs & carbon), and renewable fuels such as RINs and LCFS.

Its platform merges live trading data, policy drivers, and fundamentals-based modeling to help clients make data-driven investment, hedging, and valuation decisions in volatile markets.

How did Noreva evolve from Karbone Research?

Founded in 2008, Karbone has been a pioneer in the renewable commodity and energy transition markets for nearly two decades. As the industry evolved, so did Karbone – culminating in the creation of Noreva, the new voice of the market.

Noreva brings transparency to the traditionally opaque and complex power, capacity, environmental attribute, and renewable fuels markets through forward merchant curves, pricing intelligence, market insights, and bespoke consulting solutions.

Powered by fundamentals-based analytics, transactional insights, and AI-driven modeling platforms, Noreva delivers a singular vantage point across today’s energy and commodities landscape – uniting data, intelligence, and foresight to illuminate the path through the energy transition.

What makes Noreva different from other market data providers?

Noreva stands apart through:

  • AI-powered forecasts built on live trading activity, policy modeling, and fundamentals;
  • Granular market data across every commodity by location (ISO, Hub, Zone, Node), metric and more;
  • Unified coverage across power, capacity, Renewable attributes, carbon, and fuels;
  • Flexible delivery via API, CSV, or a searchable client portal;
  • Credibility with boards, lenders, and regulators, backed by transparent assumptions and documented methodologies.

What types of data and forecasts does Noreva provide?

Noreva provides historical and forward-looking datasets including:

  • Power & Capacity merchant curves for all major U.S. ISO/RTOs (PJM, MISO, NYISO, ISO-NE, CAISO, ERCOT, SPP);
  • REC and carbon allowance forecasts for compliance and voluntary markets;
  • Renewable fuel pricing and RINs/LCFS curves for compliance trading and procurement;
  • Policy and regulatory insights, valuation benchmarks, and scenario forecasts (1- to 25-year horizons).

How does Noreva’s AI forecasting engine work?

Noreva uses a transparent, three-step engine:

  1. Data Foundation — real trading activity, supply–demand balances, and policy frameworks;
  2. Forecast Engine — near-term (3–5 yr) and long-term (25 yr) scenarios built on fundamentals, fuel economics, and flow analytics;
  3. Client Outcomes — actionable insights for financing, hedging, and asset valuation. This proprietary, fundamentals-first methodology is continuously updated to reflect new data and policy developments.

Which markets and regions does Noreva cover?

Noreva covers all major U.S. organized power markets:

  • PJM, MISO, SPP, ISO-NE, NYISO, CAISO, and ERCOT, providing capacity and power forecasts for each region.
  • It also offers environmental-attribute data (RECs, carbon allowances) and renewable-fuel credits (Low Carbon Fuel Standard, RINs, RNG projects).

Who uses Noreva’s market data and forecasts?

Typical users include:

  • Traders and risk teams – to optimize bids and hedges;
  • Developers & IPPs – to assess project bankability and PPA valuation;
  • Utilities & LSEs – for resource adequacy and procurement planning;
  • Investors & lenders – for due diligence and scenario testing.

How can clients access or integrate Noreva’s data?

All datasets are available through secure API access, CSV exports, and a client portal.

This allows integration into valuation, risk-management, and compliance workflows, or direct use in trading and forecast models.

What consulting or advisory services does Noreva offer beyond data?

Beyond market data, Noreva delivers research and consulting services covering: valuation reports, policy and regulatory insight, project benchmarking, M&A advisory, and strategy support for developers and investors.

Why is transparency and foresight important in energy markets?

Because energy markets are volatile and policy-driven. Noreva’s fundamentals-based approach transforms complex data into actionable intelligence that supports pricing, hedging, procurement timing, and long-term asset valuation.

How can I request a demo or explore sample datasets?

You can book a demo or request sample data directly at Book a demo or email sales@noreva.ai.

See the market. Price the future. 

See the market. Price the future. 

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