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Overview
Xpansiv runs a global marketplace for ESG-inclusive commodities, enabling participants to buy and sell energy, carbon offsets, water, and other differentiated materials. It operates leading ESG spot markets (such as CBL, H2OX, ACE, and OTX) and provides a single interface to access multiple registries, streamlining ESG portfolio management. The platform turns ESG spot price data into high-quality reference products and handles transactions and market data services, generating revenue from transaction fees and data services. Customers include energy producers, industrials, and financial institutions seeking to price and manage ESG risk and portfolios. Compared with others, Xpansiv combines an ESG-focused marketplace with integrated data and registry access in one place, improving transparency and efficiency. Its goal is to support the transition to a net-zero future by enabling accurate pricing, trading, and management of ESG factors in global markets.
About Xpansiv
Industries
Data & Analytics
Energy
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$703.7M
Headquarters
San Francisco, California
Founded
2016
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Simplify's Take
What believers are saying
- New Zealand selected Xpansiv for NZ ETS auctions starting September 2026.
- May 2026 enechain integration opens Japanese buyers to CBL's global environmental liquidity.
- July 2026 BEVerify launches building carbon credits, expanding Xpansiv beyond traditional offsets.
What critics are saying
- Xpansiv's 2023 auditors warned ongoing operations depended on financiers after $227 million losses.
- Carbon-credit quality crackdowns in 2026 threaten CBL volumes and pricing power quickly.
- NZ ETS and enechain deals concentrate growth into government and partner execution timelines.
What makes Xpansiv unique
- Xpansiv combines registries, exchanges, and market data across carbon, RECs, water.
- Its CBL infrastructure now runs New Zealand's NZ ETS auctions through 2030.
- Evident acquisition created a global REC network spanning 300 GW and 4,000 companies.
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Funding
Total Funding
$703.7M
Above
Industry Average
Funded Over
8 Rounds
Benefits
Professional Development Budget
Conference Attendance Budget
Growth & Insights and Company News
6 month growth
↑ 4%1 year growth
↑ 0%2 year growth
↑ 16%BEClimate and Xpansiv launch BEVerify registry to bring carbon credits to buildings. July 14, 2026 In a major bid to funnel carbon finance into the real estate sector, BEClimate has launched BEVerify - a dedicated registry designed to connect building decarbonization projects directly with global carbon markets. Developed by BEClimate, powered by Quidos, and delivered in partnership with environmental market infrastructure giant Xpansiv, the platform aims to solve a long-standing funding bottleneck for built-environment climate action. Historically, energy efficiency upgrades in schools, care homes, and commercial properties have struggled to attract upfront capital, as energy savings alone rarely justify the high initial costs. BEVerify addresses this by turning verified, real-world building performance improvements into auditable carbon assets. This allows asset owners to factor carbon credit revenue directly into project economics from the start. Digital verification in minutes, not months. A key differentiator for BEVerify is its reliance on digital Measurement, Reporting, and Verification (dMRV). By utilizing continuous, asset-level monitoring data, the platform has successfully demonstrated reduction-to-issuance times measured in minutes rather than months. This highly automated, agentic verification model streamlines the traditional administrative hurdles of carbon markets while maintaining a completely traceable digital audit trail. "Without a reliable way to measure, verify and monetise carbon value when investment decisions are made, many projects are delayed, scaled back or never fully realised," said James Bray, CEO of BEClimate. By integrating BEClimate's built-environment methodology with Xpansiv's cloud-native, API-driven registry technology, the platform is built to support audit-grade traceability. It is also designed for seamless interoperability with other registries and emerging compliance programs under Article 6 and CORSIA. For carbon buyers, the registry offers a rare opportunity to support highly tangible, localized emissions reductions rather than abstract or distant offset projects, paving the way for scalable, community-level climate impact.
enechain and Xpansiv launch real-time integration of environmental commodity platforms. Featured News, Xpansiv May 27, 2026 Streamlining access to the global environmental credit markets in anticipation of growing demand from Japanese businesses. TOKYO, NEW YORK, SYDNEY - May 27, 2026 - Xpansiv, the leading infrastructure provider for the global energy transition markets, and enchain Corporation, the leading energy marketplace operator in Japan, today announced a real-time data integration between Xpansiv CBL, the world's largest environmental commodity spot exchange, and JCEX (Japan Climate Exchange), the environmental value trading marketplace operated by enechain. This integration supports real-time market data dissemination, enabling trading of carbon credits from hundreds of projects worldwide, enhancing price discovery, liquidity formation, and expanding the range of instruments available via JCEX. Enables global market access. Using the familiar JCEX interface, JCEX participants can now view live market data and enter buy and sell orders for global environmental commodities listed on CBL. A separate registration with CBL is not required. When evaluating environmental commodity purchases, participants can reference transparent global market data for an extensive portfolio of products, allowing them to effectively implement their decarbonization strategies. Growing demand for environmental commodities to meet sustainability goals. The Japanese government has set a target to achieve carbon neutrality by 2050, which requires companies to take concrete action toward reducing greenhouse gas (GHG) emissions. At the same time, consumers - particularly younger generations and international customers - are increasingly favoring responsible companies and choosing environmentally conscious products, prompting companies across a wide range of industries to adopt ambitious net-zero programs and to launch carbon-neutral products and services. However, achieving carbon neutrality solely through independent internal reduction efforts is highly challenging for many companies due to technical constraints. Utilizing environmental commodities - such as carbon credits and energy attribute certificates - to offset greenhouse gas emissions has become essential. This integration is positioned as a key initiative to ensure a stable and cost-effective supply of environmental commodities through connectivity with global markets, in anticipation of the continued growth of corporate net-zero programs. Xpansiv CBL offers high-quality environmental credits. Voluntary carbon credits represent emission reductions generated by projects undertaken by project developers and issued by independent standards organizations, using transparent methodologies and supported by robust verification data. I-RECs certify the environmental attributes of electricity derived from renewable energy sources. Environmental credits are issued and tracked by registries, which allow them to be sold, transferred, and ultimately retired, providing a system of record for ownership and proof of action supporting energy and environmental claims Xpansiv CBL offers an extensive lineup of high-quality instruments, including: * Core Carbon Principles (CCP)-eligible credits, established in 2023 by the ICVCM (Integrity Council for the Voluntary Carbon Market). * CORSIA-eligible credits, conforming to the Carbon Offsetting and Reduction Scheme for International Aviation, which is now in its first compliance phase. * I-RECs (International Renewable Energy Certificates), governed by the I-TRACK Foundation and issued by Xpansiv's Evident I-REC Registry. High-quality voluntary credits certified under CCPs are projected to see highly active international trading, and demand for such premium assets is rising rapidly within Japan. Future outlook of the partnership. Since enechain and Xpansiv first announced their strategic partnership Xpansiv has broadened its presence in the Japanese market and was selected as a finalist for both the financial innovation and sustainability categories of the "Tokyo Financial Awards 2025" hosted by the Tokyo Metropolitan Government. enechain and Xpansiv's multi-year partnership agreement has recently been extended and expanded to cover a wider range of environmental and energy products and services. "High-integrity environmental commodities are essential tools to achieving a timely, global energy transition," said Ben Stuart, Chief Commercial Officer, Xpansiv. "The transparent price discovery, growing liquidity, and trusted market infrastructure we are providing in partnership with enechain will enable Japanese companies to more effectively leverage these critical markets to meet their carbon and renewable energy goals starting now." "We are thrilled to now provide Japanese companies with real-time access to order information from Xpansiv CBL, the world's largest environmental commodity spot exchange," said Hideaki Kato, Vice President, enechain. "In recent years, as decarbonization has become a serious priority for businesses across Japan, we have seen firsthand a growing demand for global environmental commodities, driven by a wave of companies proactively offering carbon-neutral products and services. We are confident that through our partnership with Xpansiv, we can empower our clients to trade international environmental credits with greater ease - and in doing so, play a meaningful role in supporting their decarbonization goals." About Xpansiv. Xpansiv is the leading infrastructure provider for the energy transition markets. The company's comprehensive platform includes registries, online marketplaces, market execution services, wholesale power solutions, and market data for energy and environmental commodity markets. Trusted worldwide, Xpansiv helps market participants capture opportunities and drive environmental impact. Xpansiv provides solutions that enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance. Company investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation. About enechain. enechain is a startup running the largest energy forward marketplace in Japan, with a cumulative GMV of almost 3 trillion JPY. From electricity and fuels to environmental values, its goal is to achieve "Social Good" by creating fair markets where anyone can trade any type of energy. In addition to its marketplace business, enechain offers a range of integrated tools to support energy trading, including clearing facility, data platform, and risk management software tailored to market participants' needs, providing comprehensive support to energy companies. Its investors include DCM Ventures, Soros Capital Management, JP Investment*, and nine major Japanese energy companies such as JERA, K4 Ventures (owned by Kansai Electric Power), Chubu Electric Power Miraiz, Tokyo Gas, and Osaka Gas, along with venture capital subsidiaries of all Japan's mega banks. *JPS Growth Investment Limited Partnership co-managed by a subsidiary of JP Investment Co., Ltd. and Sumitomo Mitsui Trust Investment Co.
Xpansiv selected to operate new Zealand's NZ ETS Carbon auctions. Featured News, Xpansiv May 13, 2026 WELLINGTON, NEW YORK, LONDON, SYDNEY - May 13, 2026 - Xpansiv, the leading infrastructure provider for the global energy transition markets, announced that New Zealand's Ministry for the Environment has selected the company to operate the New Zealand Emissions Trading Scheme (NZ ETS) auctions beginning with the September auction. The auctions will be conducted on Xpansiv CBL, which provides transaction infrastructure services for global electricity, carbon, and fuels markets. Supporting the NZ ETS with resilient, transparent market infrastructure. ETS auctions are the primary mechanism through which the Government sells NZUs into the market, supporting price discovery through competitive bidding. Auctions include safeguards such as minimum price and a cost containment reserve, designed to help reduce sudden price shocks. "New Zealand's ETS auctions are a cornerstone of efficient and disciplined market operations," said Russell Karas, Senior Vice President, Xpansiv. "Our focus is to deliver reliable, secure auction operations and a smooth participant experience. With this milestone, we are further broadening the products and services available through Xpansiv's comprehensive and trusted infrastructure." The first Xpansiv-operated auction is scheduled for September 2026. The contract term runs through December 31, 2030, with an option for the Ministry to extend to the end of 2035. Building on the global energy and environmental platform. The Ministry for the Environment's selection builds on Xpansiv's established track record running auctions and related events for energy and environmental markets. Xpansiv's position as the global market infrastructure provider has continued to advance through the diversification of product offerings and addition of marquee government, corporate, utility, and nonprofit relationships, such as Korea Exchange (KRX), NH Investment & Securities, Macao International Carbon Emission Exchange (MEX), Constellation, Enverus, and Granular Energy. About Xpansiv. Xpansiv is the leading infrastructure provider for the energy transition markets. The company's comprehensive platform includes registries, online marketplaces, market execution services, wholesale power solutions, and market data for energy and environmental commodity markets. Trusted worldwide, Xpansiv helps market participants capture opportunities and drive environmental impact. Xpansiv provides solutions that enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance. Company investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.
Enverus and Xpansiv have expanded their partnership to integrate environmental commodity pricing into MarketView, creating a unified price discovery platform. The integration brings Xpansiv CBL spot exchange data and Evolution Markets forward pricing into MarketView, which already serves over 8,000 users across 500 client sites. The platform now consolidates exchange transactions, OTC broker assessments and energy commodity data that previously existed in separate systems. CBL, the world's largest spot marketplace for environmental commodities, provides data on renewable energy certificates and carbon credits dating back to 2016. Evolution Markets contributes forward market data across carbon, renewable energy, natural gas and power markets. The integration enables faster mark-to-market valuations and comprehensive risk analysis for trading houses, brokers, financial institutions and corporate buyers across environmental and traditional energy markets.
Enverus and Xpansiv broaden partnership to deliver a unified price discovery platform across energy and environmental markets through MarketView(R). PR Newswire Today at 7:35am PDT MarketView integrates verified spot exchange and OTC broker pricing with full-spectrum energy markets, giving trading and risk teams a single, authoritative view of price formation across environmental and energy commodities NEW YORK and AUSTIN, Texas, May 5, 2026 /PRNewswire/ - Enverus and Xpansiv today announced an expanded partnership that brings Xpansiv CBL spot exchange transaction data and Evolution Markets forward indicative pricing for energy and environmental commodity markets into MarketView(R), creating a consolidated price discovery and workflow platform across energy and environmental commodity markets. Currently, exchange prices, OTC broker assessments, and core commodity data have lived in separate systems, forcing traders and risk teams to reconcile incomplete views of the market. The new offering harmonizes disparate environmental commodity data for market participants, including trading houses, brokers, financial institutions and corporate buyers. MarketView now eliminates that fragmentation by bringing the most critical pricing signals together. MarketView already serves more than 8,000 users across 500+ client sites, delivering real-time access to energy, commodity, and financial data from more than 500 providers across all major global exchanges, North American power ISOs, and leading price reporting agencies including OPIS, Argus, Platts, ICIS, and Fastmarkets. The addition of CBL and Evolution Markets data extends that trusted foundation into environmental commodity markets. With the addition of CBL and Evolution Markets data from Xpansiv, market participants can now access: * Verified exchange transactions and firm orders from CBL, the world's largest spot marketplace for environmental commodities, including renewable energy certificates (RECs) and carbon credits. * OTC broker spot and forward pricing from Evolution Markets, an Xpansiv company, covering a broad range of energy and environmental markets. All data is delivered within a single, continuous workflow used for pricing, risk, and trading decisions. The integration enables faster and more accurate: * Defensible mark-to-market valuations grounded in both executable transactions and broker-informed forward curves * Comprehensive cross-market risk analysis across environmental and traditional energy exposures * Liquidity-aware trading decisions informed by both exchange activity and OTC market depth "Environmental markets didn't lack data, they lacked cohesion," said Matt Wilcoxson, EVP of Strategic Development, Enverus. "Traders were forced to piece together exchange prices, broker views, and their core positions across multiple systems. MarketView now brings those signals together into a single, trusted view of the market." "Xpansiv offers an unmatched source of end-of-day and historical data for environmental and energy commodities, covering both exchange and OTC markets," said Russell Karas, Senior Vice President, Strategic Market Solutions, Xpansiv. "With Enverus, we're bringing together spot exchange and OTC data in one place, providing trading, risk, and compliance teams the clarity they need to make faster, more confident decisions grounded in comprehensive market insights." CBL is the largest global spot exchange for REC and carbon credit transactions. The venue is integrated with Xpansiv's comprehensive infrastructure platform and registry network, with a leading position in electricity that covers approximately 30% of global REC issuance, 7% of global renewable electricity generation, and 4% of total global electricity generation. Its data provides the most authoritative view of executable prices and is a standard reference for mark-to-market valuation, risk modeling, and settlement. Spot market data covering North American and International RECs, carbon credits, Low Carbon Fuel Standard (LCFS) credits and Australian Carbon Credit Units (ACCUs) will be available on MarketView. Historical data for RECs and carbon credits extend back to 2016. Evolution Markets is a leading intermediary in the energy and environmental commodity markets. It disseminates daily forward market data for a range of carbon, renewable energy, US emissions, natural gas, coal, power, and nuclear markets. Historical data dates back as far as 2000 (coal), 2002 (US emissions), 2006 (nuclear), and 2008 (RECs). By combining exchange-verified data with OTC market color and the broader energy complex, MarketView gives trading desks a complete and consistent view of price formation across markets that were previously siloed. About Enverus Enverus is the energy industry's AI and data platform, serving more than 8,000 energy companies across 50 countries. Built on 25+ years of proprietary intelligence - 2.7 petabytes of continuously updated data, 350 million+ courthouse records, and $500 billion+ in annual transaction covering the full energy value chain across upstream, midstream, power, renewables, utilities, and capital markets. Enverus is 100% dedicated to energy. Learn more at Enverus.com. About Xpansiv Xpansiv is the leading infrastructure provider for the energy transition markets. The company's comprehensive platform includes registries, online marketplaces, market execution services, wholesale power solutions, and market data for energy and environmental commodity markets. Trusted worldwide, Xpansiv helps market participants capture opportunities and drive environmental impact. Xpansiv provides solutions that enable stakeholders to deliver transparent, credible, and auditable environmental claims to address the growing global demand for assurance and accountability on climate action and sustainability performance. Company investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation. Learn more at xpansiv.com. SOURCE Enverus This is a paid placement. For further inquiries, please contact PR Newswire directly.
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About Xpansiv
Industries
Data & Analytics
Energy
Enterprise Software
Financial Services
Company Size
201-500
Company Stage
Growth Equity (Venture Capital)
Total Funding
$703.7M
Headquarters
San Francisco, California
Founded
2016
Xpansiv is Hiring for 10 Jobs on Simplify!
Find jobs on Simplify and start your career today