Xpansiv Launches Consolidated Renewable Energy Data Product, Setting a New Standard for REC Market and Reference Data
NEW YORK, LONDON, SYDNEY — Xpansiv, the leading market infrastructure provider for the global energy transition, today announced the launch of a new data series designed to enhance transparency in North American Renewable Energy Certificate (REC) markets. The data product combines market and reference data from Xpansiv’s CBL spot exchange and Xpansiv Connect™ portfolio management system with spot and forward OTC prices from Evolution Markets, creating a harmonized series that sets a new standard for data integrity and utility in REC markets.
This consolidated approach enables individual RECs to be uniquely tracked across spot and forward markets by granular attributes, including Renewable Portfolio Standard (RPS), RPS state, price type, vintage, and registry.
“Xpansiv’s new consolidated REC data product harnesses our comprehensive market infrastructure to provide an unmatched, detailed view of the REC markets, said Nathan Rockliff, Chief Strategy Officer at Xpansiv. “This offering is the first of our enterprise-wide initiatives to enhance the utility, integrity, and coverage of environmental commodity data, accelerating the global energy transition and driving real impact.”
The consolidated data product provides end-of-day insights for more than 120 REC products across seven ISOs, featuring:
- Executed trades and firm orders from the CBL spot exchange
- Spot and forward end-of-day indicative prices from Evolution Markets
- Historical data from 2019
- Unique identifiers mapped to spot and forward REC instruments from Xpansiv Connect
The data is harmonized using unique instrument identifiers from the Xpansiv Connect portfolio management system, which has issued over one billion identifiers in the past decade. Xpansiv Connect serves as the authoritative identifier source for RECs and the broader environmental commodities markets, ensuring data integrity and consistency across the ecosystem.
The data series is being launched as CBL REC volumes are rising sharply. More than three million RECs were traded on the exchange in 2024, up 18% year-over-year. In January, the value of REC transactions topped $27 million, a monthly record for the exchange.
The new consolidated end-of-day and historical REC data is now accessible via API, web portal on Xpansiv’s Data and Analytics platforms, and through approved third-party data distribution partners, providing flexible accessibility and transparency to market participants.
Editor’s note: The value of the US renewable energy certificate market was estimated at more than $13 billion in 2022 by S&P Global Market Intelligence, which projects the market to grow to $40 billion by 2033. (https://www.spglobal.com/market-intelligence/en/news-insights/research/us-renewable-energy-credit-market-size-forecast-to-approach-40b-by-2033).
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Media Contact: pr@xpansiv.com
Market Contact: xsignals@xpansiv.com
Disclaimer: When Evolution Markets acts as a broker in futures contracts, either on an introductory or execution basis, it is acting through its wholly-owned subsidiaries, Evolution Markets Futures LLC or Evolution Markets Limited. Evolution Markets Futures LLC is an introducing broker registered with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association. Evolution Markets Limited is registered with the U.K. Financial Conduct Authority and is an introducing broker registered with the U.S. Commodity Futures Trading Commission and is a member of the National Futures Association. Commodity futures and options trading involves substantial risk of loss and is not suitable for everyone. The high degree of leverage that is obtainable in futures and options trading can work against you as well as for you. Such leverage can lead to large losses and gains. Past performance is not necessarily indicative of future results.
