Climate fintech company Hygge Energy has signed a Memorandum of Understanding (MoU) with rooftop solar solutions provider Atria Renewable to promote rooftop solar deployment and peer-to-peer (P2P) solar energy trading in Bengaluru, Karnataka. The collaboration will operate in accordance with regulatory guidelines issued by the Karnataka Electricity Regulatory Commission (KERC).

Under the agreement, Hygge Energy will onboard Atria Renewable as a preferred rooftop solar installation partner on its platform. The two companies will collaborate by sharing consumer data, technical insights, and market intelligence to support rooftop solar adoption and enable peer-to-peer energy trading. The partnership also aims to develop a shared mobile ecosystem, leveraging Hygge Energy’s P2P trading application currently available on major mobile platforms.

Hygge Energy’s blockchain- and AI-enabled P2P platform functions as an end-to-end rooftop solar trading solution that complies with KERC regulations governing peer-to-peer electricity markets. The platform supports multiple trading mechanisms, enables blockchain-based contract execution, and facilitates payment transfers aligned with the Reserve Bank of India’s Central Bank Digital Currency (CBDC) framework. In addition, the platform offers integration capabilities for rooftop solar financing, along with training and onboarding support for Atria Renewable to ensure seamless customer engagement.

As the designated solar installation partner, Atria Renewable will manage the entire deployment lifecycle, including site assessments, system design, proposal development, installation, and commissioning of rooftop solar systems. The company will also ensure compliance with all relevant technical, regulatory, and safety standards, while providing post-installation services such as maintenance and warranty support to customers.

Commenting on the partnership, Prateek Saxena, CEO of Hygge Energy, stated that the collaboration reflects the company’s vision of leveraging fintech innovation to scale clean energy solutions. He noted that partnerships with established regional players will help expand the P2P energy ecosystem while enabling broader community participation in decentralized energy markets.

C. S. Sunder Raju, Chairman and Director of the Atria Group, emphasized that the organization has a long-standing commitment to sustainable energy development. He highlighted that the group, historically recognized as India’s first private hydropower producer, has expanded its renewable energy portfolio to include solar projects and sees the collaboration with Hygge Energy as an opportunity to support innovative solutions such as carbon emission tracking and carbon credit mechanisms in the evolving P2P energy market.

Hygge Energy’s P2P initiative in Karnataka has also enabled the development of a novel financing model for rooftop solar and battery storage, based on the tokenization of energy assets through CBDC. This model is expected to help solar installers such as Atria Renewable scale their operations, accelerate rooftop solar deployment, and contribute to local job creation and decentralized energy market growth in the region.