Xpansiv announces acquisition of Evident Group

Xpansiv, a global provider of registry infrastructure for energy, power, and environmental commodity markets, has announced the acquisition of Evident Group, as it seeks to strengthen its position in the renewable energy market.

The acquisition builds on Xpansiv’s previous minority investment in Evident, and will see Evident’s international renewable energy certificate (I-REC(E)) and other registries combined with Xpansiv’s North American Renewables Registry (NAR) and Tradable Instrument for Global Renewables Registry (TIGR), to create a unified renewable energy certificate (REC) network.

This network will boast more than 300 GW of capacity and more than 4,000 participating companies.