Xpansiv Completes Acquisition of Evident to Build the World’s Leading Renewable Energy Certificate Network
Xpansiv® Limited (“Xpansiv”), a global market infrastructure provider for environmental commodities, has announced the full acquisition of Evident Group Limited (“Evident”), a trusted registry and certification body serving renewable energy and sustainability markets worldwide. The acquisition marks a significant milestone in uniting complementary registry and infrastructure capabilities to accelerate the growth of global renewable energy markets.
This strategic move follows Xpansiv’s earlier minority investment in Evident and underscores its long-term commitment to expanding its presence across renewable energy certificate (REC) markets. By integrating Evident’s international renewable energy for electricity platform, known as I-REC(E), with Xpansiv’s North American Renewables Registry (NAR™) and Tradable Instrument for Global Renewables Registry (TIGR™), the combined entity will form a global REC network with more than 300 GW of registered capacity and over 4,000 participating organizations.
Building Scalable Infrastructure for the Energy Transition
According to John Melby, CEO of Xpansiv, the acquisition represents both a continuation and an expansion of the close partnership between the two companies.
“Today’s announcement reflects the shared goals and close relationship we have developed with Evident as we work to build energy transition solutions at scale,” said Melby. “It’s also a milestone in our diversification strategy to strengthen our renewable energy and power markets portfolio, enabling us to better support the global energy transition.”
Melby emphasized that integrating Evident’s certification infrastructure with Xpansiv’s market execution and exchange capabilities will simplify clean energy certificate transactions for corporations and utilities worldwide. The goal is to make it easier for businesses to meet sustainability and decarbonization targets while maintaining transparency and credibility in REC trading.
Evident to Continue as an Independent Certification Body
Evident will maintain its independence as a certification body and will continue operating under the oversight of the I-TRACK Foundation, in accordance with the International Attribute Tracking Standard. This governance ensures that the organization’s high standards for transparency, reliability, and data integrity remain intact.
Dirk Van Evercooren, Chairman of the Board of the I-TRACK Foundation, welcomed the move:
“The I-TRACK Foundation looks forward to continuing to support Evident as an Accredited Code Manager under our International Attribute Tracking Standard. This acquisition will help Evident expand its impact and innovation while maintaining trustworthy, transparent EAC markets.”
This structure means that market participants using Evident’s infrastructure—spanning renewable energy, methane emissions, and sustainable aviation fuel registries—will continue to enjoy the same confidence in the quality, consistency, and neutrality of its services.
A Stronger Global Platform for Energy Attribute Certificates
Evident’s CEO and Co-Founder, Ed Everson, highlighted the organization’s achievements and its team’s pivotal role in shaping the renewable certification market.
“Through the talent and expertise of our fantastic team, Evident has become the pre-eminent trusted partner for sustainable energy certification across more than 60 countries,” said Everson. “We’re proud to continue that journey under Xpansiv’s leadership.”
Since its founding, Evident has expanded rapidly, supporting over 95% of the voluntary REC market outside North America and Europe. As of September 2025, Evident had issued more than 300 million I-REC(E)s, surpassing the previous year’s total of 290 million, and in September, celebrated the issuance of its one billionth I-REC(E). Its registries are central to voluntary corporate clean energy purchasing, enabling traceable, verified renewable energy claims across diverse markets.
Meeting Surging Global Demand for Renewable Energy
The acquisition comes amid soaring global demand for renewable electricity and renewable energy certificates. According to the International Energy Agency (IEA), global renewable power capacity is projected to double by 2030, adding 4,600 GW—equivalent to the combined installed capacity of China, the European Union, and Japan. This growth is fueled by rapid increases in electricity use from data centers, electric vehicles, and other energy-intensive technologies.
Evident’s I-REC(E) system and Xpansiv’s integrated registries play a crucial role in this energy transformation by providing standardized, auditable tracking of renewable electricity generation. Together, their platforms ensure that buyers can confidently demonstrate clean energy sourcing, helping corporations achieve net-zero and sustainability goals.
Xpansiv’s Expanding Renewable Energy Network
With the addition of Evident, Xpansiv now operates the world’s most comprehensive renewable energy infrastructure network. Its portfolio includes leading North American compliance registries such as MIRECS, NC-RETS, NEPOOL, and NYGATS, all connected through the Xpansiv® Connect™ multi-registry portfolio management system and the CBL® spot exchange.
This fully integrated network supports the entire lifecycle of renewable certificates—from issuance and trading to retirement—allowing participants to manage their positions efficiently, enhance liquidity, and achieve better transparency.
Nathan Rockliff, Chief Strategy Officer at Xpansiv, described the deal as a natural extension of the company’s mission to scale sustainable market infrastructure.
“The acquisition of Evident, a premier global registry provider in the fast-growing renewable energy markets, underscores our strategy to expand our comprehensive platform through both acquisitions and organic growth,” said Rockliff.
A Unified Vision for the Future of Energy Markets
The combination of Xpansiv’s data-driven market capabilities and Evident’s registry and certification expertise creates a unified framework that supports the next phase of global renewable market development. The companies aim to promote interoperability, transparency, and efficiency—qualities essential to achieving a net-zero future.
By merging complementary infrastructures, Xpansiv and Evident will enable corporations, utilities, and governments to better measure, trade, and verify renewable energy usage on a global scale. This partnership is expected to foster innovation in energy attribute tracking, expand cross-market connectivity, and set new standards for integrity and scalability in clean energy markets.
As global energy systems evolve toward decarbonization, this acquisition signals a new era in how renewable energy certificates are managed and exchanged—one built on cooperation, data integrity, and market efficiency. Through this merger, Xpansiv and Evident are positioning themselves at the forefront of the world’s accelerating energy transition, ensuring that transparency and accountability remain at the heart of the renewable energy economy.
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