Enechain and Xpansiv Partner to Enable Japanese Companies to Access Global Voluntary Environmental Commodities
TOKYO, NEW YORK, LONDON, SYDNEY — Xpansiv®, the leading market infrastructure provider for the global energy transition, and enechain® Corporation, the leading energy marketplace operator in Japan, today announced an MOU to enable connectivity between enechain’s Japan Climate Exchange (JCEX) and Xpansiv Connect™, the open-access integration hub for environmental commodity markets. This marks the first partnership between Xpansiv and a Japanese environmental commodities exchange.
Global Market Access
The integration of JCEX with Xpansiv Connect will enable Japanese companies to access high-quality voluntary credits, including those aligned with the ICVCM Core Carbon Principles and CORSIA, as well as International Renewable Energy Certificates (I-RECs), supported across Xpansiv’s market infrastructure and CBL exchange. This will enable Japanese companies to buy and sell hundreds of project-specific carbon credits and standardized contracts through JCEX.
The Japanese government aims to have the country achieve carbon neutrality by 2050, requiring companies to take substantial actions to reduce greenhouse gas (GHG) emissions. Companies with advanced environmental initiatives are increasingly attracting consumer and investor support, thus gaining a competitive edge. Despite their efforts, many Japanese companies find it challenging to achieve carbon neutrality on their own, due to technical limitations and other factors. While utilizing carbon credits, such as J-Credits, is essential, the current supply of carbon credits in Japan–approximately 1.5 million tons per year–falls short of the growing demand for carbon-offsets.
Mutual Benefits
In addition to enabling enechain to participate in carbon credit transactions on behalf of Japanese companies, access to Xpansiv’s market data solutions will promote price transparency and awareness of the broader environmental commodities complex to enechain clients. Furthermore, future opportunities for Xpansiv participants to access enechain products and pricing will be facilitated through this mutually-beneficial collaboration.
A Focus on Quality
Voluntary environmental commodities are credits for emission avoidance, reductions and removals from verified offset projects. They are used as a mechanism to offset carbon emissions that can not otherwise be mitigated with today’s technology, alternative fuels, or other solutions not currently available at scale. High-quality voluntary credits are actively traded globally. The demand for these credits is rising in Japan, prompting Xpansiv and enechain to form this strategic partnership. The two companies are also exploring the possibility of making Japanese J-credits tradable on Xpansiv’s CBL platform, the largest carbon credits spot marketplace.
Ryo Nozawa, enechain’s founder and CEO, stated, “Through this partnership, Japanese companies aiming for carbon neutrality will be able to procure carbon credits on a previously-unattainable scale, quickly and hassle-free. We are proud to contribute to the decarbonization of Japanese society by promoting the development of carbon-neutral products and services in Japan.”
Ben Stuart, Chief Commercial Officer of Xpansiv, added, “We are excited to partner with enechain, Japan’s largest energy platform. This collaboration through Xpansiv Connect demonstrates the benefits of the platform to external marketplaces to provide Japanese companies with access to the global voluntary carbon market.”
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.
Xpansiv investors include Blackstone Group, Aramco Ventures, Bank of America, Goldman Sachs, Macquarie Group Ltd., S&P Global Ventures, Aware Super, BP Ventures, Commonwealth Bank, and the Australian Clean Energy Finance Corporation.
For more information, please visit Xpansiv.com.
About Enechain
Enechain is a startup running the largest energy forward marketplace in Japan, with a GMV of 1 trillion JPY in 2023. From electricity and fuels to environmental values, our goal is to achieve “Social Good” by creating fair markets where anyone can trade any type of energy.
In addition to our 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.
As global energy situations become increasingly uncertain, Japan, which lacks natural resources, is directly being affected. For instance, the price of electricity, which is the foundation of economic activity, is fluctuating wildly. enechain’s energy marketplace enables businesses to manage this uncertainty, thereby stabilizing the entire Japanese economy and energizing Japanese companies.
Additionally, our commitment to carbon neutrality is essential to mitigate the risks of imminent climate change. enechain’s environmental marketplace promotes decarbonization activities across the entire supply chains through trading of environmental values, realizing carbon neutrality as early as possible. This will help create a bright and prosperous future for the next generation.
Our 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.
For more information, please visit enechain.co.jp.
Media Contact
Xpansiv: pr@xpansiv.com
enechain: press@enechain.co.jp
