Xpansiv Goes Live with Meta-Registry Integration of Evident’s I-REC Registry

  • Integration extends Xpansiv’s EMA meta-registry and portfolio management capabilities, now providing market participants with direct connectivity to 13 carbon and REC registries
  • API connectivity between Evident and Xpansiv enables straight-through processing, T+0 settlement and enhanced order management for fast-growing I-REC market

NEW YORK, LONDON, SYDNEY, SHEFFIELD –Xpansiv, the leading market infrastructure provider for the global energy transition, today went live with connectivity to the Evident registry for International Renewable Energy Certificates (I-RECs). With this latest integration, market participants can access and manage assets from 13 different registries via a single screen using Xpansiv’s EMA meta-registry and portfolio management system, which was used to transfer approximately two billion environmental assets over the last two years, facilitating both on-market and OTC transactional volume.

The connection to Evident’s I-REC registry automates the end-to-end asset trading lifecycle and enables T+0 settlement on the CBL spot marketplace, expanding access to international, voluntary emission reduction units.

“We are excited to continue to build out this partnership with Xpansiv. Bringing seamless and secure automation to the I-REC market will enable it to scale as international renewable energy instruments are increasingly integrated into net-zero programs used by multinational companies,” said Ed Everson, CEO, Evident.

I-RECs can be used for a variety of voluntary purposes including Scope 2 reporting, national energy reporting and other end user claims. For example, multinational companies use I-RECs to meet their Scope 2 emissions targets where their facilities cannot be powered by renewable energy.

“We are thrilled to integrate our meta-registry and portfolio management system with Evident’s I-REC registry, enabling market participants to access and manage assets across 13 different registries,” said Beth Sendra, Senior Vice President, Platform Product and Strategy. “I-RECs are a critical part of the energy transition and serve as a flexible instrument to enable companies to successfully meet their sustainability goals.”

Earlier this month, it was announced that Xpansiv has acquired a minority interest in Evident. The investment builds on an existing partnership between Xpansiv and Evident and supports the companies’ mutual goal of enabling the energy transition and certifying the world’s clean economy through independent certification and dynamic markets. Xpansiv is also planning to make certificates from the MiQ Registry, which is also operated by Evident, available for trading on the CBL marketplace. Integrating new instruments, like I-RECs and MiQ Certificates, with EMA to manage inventory, and CBL to enable execution and settlement, supports greater supply and diversity of instruments for market participants to meet decarbonization goals.

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.