Xpansiv®, the leading market infrastructure provider for the global energy transition, today announced it has finalized a new capital raise led by Aramco Ventures, a leading investor in low-carbon energy and sustainability, and existing investors.
The investment will be used to support the further development of Xpansiv’s global energy and environmental markets infrastructure solutions as well as the company’s investment and acquisition strategy.
“We recognize the importance of markets to drive the global energy transition at pace, and further recognize Xpansiv’s core position as the innovator of new trading products, marketplaces, and institutional-grade market infrastructure to enable these vital markets to flourish and scale,” said Daniel Carter, Managing Director, Aramco Ventures.
The Aramco Ventures investment is from its Sustainability Fund, which invests in companies with the potential to support Aramco’s ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly owned and operated assets by 2050.
“We are pleased to receive this investment from Aramco Ventures and existing investors, which not only represents significant support for our organic and acquisition-driven strategy, but also our shared belief in the pivotal role of market infrastructure in accelerating investment in the global energy transition,” said John Melby, Chief Executive Officer, Xpansiv.
Xpansiv continues to build its suite of solutions for the global energy transition markets, including its Xpansiv Connect
open-access market infrastructure.
More than 1 billion asset transfers are managed annually using Xpansiv’s SaaS meta registry and portfolio management system at the core of Xpansiv Connect. The system is integrated with 13 leading carbon and renewable energy registries globally.
Xpansiv registry software supports more than 80% of global carbon credits and 60% of North American renewable energy certificates (RECs), as well as new classes of environmental commodities, including digital fuels. Its CBL spot exchange maintains a 90% plus global market share of exchange-traded and settled carbon credits.
Nearly two billion metric tons of carbon and more than 36 million megawatt hours of renewable energy were transacted by Xpansiv market intermediaries in 2023.
The company has completed 11 acquisitions and strategic investments in recent years. Its most recent investment was in Evident, a leading clean economy registry provider and certification body. The investment underscores Xpansiv’s support for the fast-growing international renewable energy certificate (I-REC) market as well as nascent sustainable aviation fuel (SAF), green hydrogen, biomethane, and carbon removals instruments being developed by Evident.
In addition to Aramco Ventures, Xpansiv investors include Blackstone Group, Bank of America, Goldman Sachs, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank of Australia, and the Australian Clean Energy Finance Corporation.
About Xpansiv
Xpansiv operates the market infrastructure to rapidly scale the world’s energy transition. The company runs the largest spot exchange for environmental commodities, including carbon credits and renewable energy certificates. It is the premier provider of registry infrastructure for energy, power, and environmental markets. It also operates the largest independent platform for managing and selling solar renewable energy credits in North America.
Xpansiv is a leading provider of transaction and advisory services in global carbon, renewable energy, and energy transition markets through its Carbon Financial Services and Evolution Markets units. It also runs the leading multi-registry, multi-asset environmental portfolio management system and market data service.
Xpansiv’s rules-based markets and infrastructure 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.
For more information, please visit Xpansiv.com.
About Aramco Ventures
Aramco Ventures is the corporate venturing subsidiary of Aramco, the world’s leading fully integrated energy and chemical enterprise. Headquartered in Dhahran with offices in North America, Europe and Asia, Aramco Ventures’ strategic venturing programs invest globally in start-up and high growth companies with technologies of strategic importance to its parent company, Aramco, primarily supporting its operational decarbonization, new lower-carbon fuels businesses, and digital transformation initiatives. Aramco Ventures also operates Prosperity7, the company’s disruptive technologies investment program.
For more information, please visit www.aramcoventures.com
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