Built from the inside of renewable M&A
REplace emerged from experiencing the challenges of renewable M&A first hand.
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Before REplace existed, Matias spent years inside renewable energy development, evaluating projects across multiple markets, advancing sites, negotiating PPAs, and working through the same processes most teams in this industry know well.
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In one case, this meant spending more than 18 months advancing a single project. Matias negotiated the PPA, worked closely with lawyers, and invested significant time and capital to move the project forward. Eventually, the project failed; months of internal focus, legal effort, and capital were spent on a project that never had a realistic path to construction, at the expense of opportunities that did.
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What stood out was how often this pattern repeated across the market. Strong teams were consistently investing significant time and capital into projects that were never going to move forward, and the industry had simply learned to accept this as normal.
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Why this matters to us
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Energy demand is surging right now, driven by data centers, electrification, the onshoring of industry, and industrial growth. In many ways, this is the biggest opportunity the energy transition has ever had.
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But the entire system is under strain: policy shifts like the One Big Beautiful Bill Act are changing how projects qualify for incentives, interconnection queues are ballooning to more than 2.6 TW of proposed capacity, and greenfield development can’t move fast enough to meet near term demand.
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There is no doubt M&A is the fastest way to bring capacity online, but only if teams can identify which projects in the system are actually viable. Without better visibility, capital risks getting misallocated, timelines risk getting delayed, and the opportunity to match clean power with rising demand diminishes.
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Where we started
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We first focused on land and site viability factors, helping developers surface constraints earlier using geospatial analysis and structured assessment. ​
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After building a strong reputation for our siting technology across international markets, we made a deliberate decision to focus on the M&A intelligence gap in the US specifically, where timing pressure, policy shifts, and queue congestion had made this problem impossible to ignore.
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What we built
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We realized the challenge was systemic and required an approach grounded in systems design. That perspective came naturally from how we (Alan and Matias) worked together.
During one ski trip, after spending the day talking through recent deals and projects that had stalled or failed, we stepped back and compared notes. We realized many of the constraints that ultimately killed deals were not visible when looking at sites or projects in isolation. The problem wasn’t exactly missing data points, but missing context.
This is where Alan’s background mattered a lot. He had spent years building and scaling complex software systems where reliability, security, and traceability were non-negotiable. He was used to designing architectures that could absorb messy inputs, handle edge cases, and remain dependable.
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This experience shaped how we approached the problem; instead of reacting to individual deals, we would set out to give teams a clear view of the U.S. interconnection queue as a whole. By bringing together grid, permitting, land, ownership, and market context into a single integrated view, we believed we could support more grounded decision making earlier in the diligence process.
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And so, iQueue was born.​
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Where we are today
Today, REplace is used by developers, investors, and acquisition teams navigating a market that is moving faster and becoming more competitive every year. ​ A core outcome of REplace is enabling earlier conviction, so teams can concentrate resources on the opportunities that will be most likely to move forward and progress.
~ Matias & Alan
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