Curated News
By: NewsRamp Editorial Staff
November 03, 2025
Xpansiv Acquires Evident, Creating Global Clean Energy Registry Leader
TLDR
- Xpansiv's acquisition of Evident creates a dominant global REC registry with over 300 GW capacity, giving companies a competitive edge in meeting sustainability goals efficiently.
- Xpansiv combines Evident's I-REC(E) and other registries with its NAR and TIGR systems through acquisition, establishing a unified global renewable energy certificate network.
- This unified registry platform enhances transparency and integrity in renewable energy markets, accelerating the global transition to clean energy for a sustainable future.
- Evident issued over 300 million I-REC(E) certificates this year alone and recently celebrated issuing its one billionth certificate since 2015 across 60+ countries.
Impact - Why it Matters
This acquisition fundamentally reshapes the renewable energy certification landscape at a critical moment in the global energy transition. As corporations worldwide face increasing pressure to meet sustainability targets and reduce carbon footprints, the unified registry creates unprecedented efficiency and transparency in renewable energy certificate markets. For businesses purchasing clean energy, this means simplified access to verified certificates across multiple regions, reducing administrative burdens while ensuring credibility. The combined platform's scale and integration capabilities will accelerate the adoption of renewable energy by making certificate trading more accessible and reliable, directly supporting global climate goals. With the International Energy Agency projecting that global renewable electricity capacity will double by 2030, this consolidation positions the market infrastructure to handle the massive growth in clean energy certification needed to verify corporate sustainability claims and drive meaningful emissions reductions.
Summary
Xpansiv® Limited and Evident Group Limited have announced a transformative agreement that establishes a global clean energy registry leader through Xpansiv's complete acquisition of Evident. This strategic move combines Evident's international renewable energy certificate (REC) infrastructure, including the prominent I-REC(E) registry operating across more than 60 countries, with Xpansiv's North American Renewables Registry (NAR) and Tradable Instrument for Global Renewables Registry (TIGR). The resulting unified platform creates a preeminent global REC network boasting over 300 GW of capacity and serving more than 4,000 participating companies, making it one of the most comprehensive renewable energy certification systems worldwide.
The acquisition represents a significant milestone in Xpansiv's diversification strategy to expand its renewable energy and power markets portfolio. According to Xpansiv CEO John Melby, this move reflects shared goals with Evident to build scalable energy transition solutions centered on transparent, independent certification and robust infrastructure. The combined entity will leverage Xpansiv's exchange capabilities, market execution services, and portfolio integration tools through platforms like Xpansiv® Connect multi-registry portfolio management system and CBL® spot exchange. This integration provides full issuance-to-retirement lifecycle support, enabling participants to manage positions more efficiently and trade with greater confidence in the rapidly expanding renewable energy markets.
Despite the acquisition, Evident will maintain its critical role as an independent certification body under the governance of the I-TRACK Foundation and in alignment with the International Attribute Tracking Standard. This ensures continued market integrity and transparency while allowing for enhanced innovation across the global REC registry sector. The timing coincides with surging global demand for renewable energy certificates, driven by electricity consumption from data centers, electric vehicles, and other sources. Evident's remarkable growth trajectory—issuing over 300 million I-REC(E)s through September this year alone and reaching its one billionth certificate in September—demonstrates the accelerating momentum in renewable energy markets that this newly combined entity is positioned to serve.
Source Statement
This curated news summary relied on content disributed by citybiz. Read the original source here, Xpansiv Acquires Evident, Creating Global Clean Energy Registry Leader
