Xpansiv Acquires Evident to Create Global Renewable Energy Registry Leader

Xpansiv Limited has acquired Evident Group Limited, uniting their complementary registry and infrastructure capabilities to support the continued growth of global renewable energy markets. The agreement combines Evident's international renewable energy for electricity I-REC(E) and other registries with Xpansiv's North American Renewables Registry and Tradable Instrument for Global Renewables Registry to establish a preeminent global renewable energy certificate network with over 300 GW of capacity and more than 4,000 participating companies.

John Melby, CEO of Xpansiv, stated that the announcement reflects shared goals and the close relationship developed with Evident while building energy transition solutions at scale. He emphasized that this represents a milestone in Xpansiv's diversification strategy to build out their renewable energy and power markets portfolio to more fully support the global energy transition. The acquisition, combined with Xpansiv's exchange, market execution, and portfolio integration capabilities, aims to make it easier for companies to transact clean energy certificates and meet sustainability goals.

Evident's role as an independent certification body and its governance under the I-TRACK Foundation remain unchanged following the acquisition. The company will continue to operate as an independent market facilitator for I-REC(E) and other products under the ongoing oversight of the I-TRACK Foundation and in alignment with the International Attribute Tracking Standard. This governance structure ensures the highest levels of transparency and market integrity according to industry standards.

Dirk Van Evercooren, Chairman of the Board at I-TRACK Foundation, expressed support for Evident's continued growth as an Accredited Code Manager under the foundation's International Attribute Tracking Standard. Users of Evident's infrastructure can remain confident that the robustness, quality, and reliability of its services will be maintained and enhanced through this acquisition, which will serve as a platform for greater innovation and continued advancement within the global renewable energy certificate registry sector.

The acquisition comes as global demand for renewable energy and renewable energy certificates grows sharply, driven by electricity consumption from data centers, electric vehicles, and other sources. The International Energy Agency projects global renewable electricity capacity will double by 2030, adding 4,600 GW, equal to the combined installed power capacity of China, the European Union, and Japan. This year, more than 300 million I-REC(E)s were issued by Evident through September, up from 2024's 290 million full-year total.

Since 2015, Evident has grown from supporting a single market to more than 60 countries, serving over 95% of the voluntary renewable energy certificate market outside Europe and North America. In September, the company issued its one billionth I-REC(E). Evident also operates registries for methane emission reduction and sustainable aviation fuel, expanding its environmental attribute certification capabilities beyond renewable electricity.

Nathan Rockliff, Chief Strategy Officer at Xpansiv, emphasized that the acquisition of Evident, a premier global registry provider in fast-growing renewable energy markets, underscores Xpansiv's strategy to expand its comprehensive platform through acquisitions and organic growth. Xpansiv's renewable energy network, which also includes leading U.S. compliance registries MIRECS, NC-RETS, NEPOOL, and NYGATS, is integrated via the Xpansiv Connect multi-registry portfolio management system and CBL spot exchange, providing full issuance-to-retirement lifecycle support for market participants.