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Xpansiv’s increased market share continues to be driven by the rapid rise of ESG markets as companies seek to fulfill carbon-neutral commitments. To date, more than 1,500 corporations have announced a commitment to net-zero. This growing dedication to decarbonization is expected to underpin market growth for decades to come, with Xpansiv’s digital infrastructure uniquely positioned to facilitate the transition. “We have delivered exceptional growth in the first half of 2021 as global market participants organize around ESG drivers and begin to execute on net-zero carbon commitments,” said Xpansiv CEO Joe Madden.
Xpansiv is experiencing tremendous growth, with increased market share being driven by the rapid rise of ESG markets as companies seek to fulfill carbon-neutral commitments; to date, more than 1,500 global corporations have announced a commitment to net-zero. This growing dedication to decarbonization is expected to underpin market growth for decades to come, with Xpansiv’s digital infrastructure uniquely positioned to facilitate this transition.
"When it comes to automated testing, a lot of the focus is on picking the right tools for the job, and with good reason. While Lanny Schwarz, QA Manager at Xpansiv, agrees that picking the right tools is incredibly important, he also noted that collaboration and communication between team members — something that can’t be automated as of yet — is essential for success in test automation."
Xpansiv, the global marketplace for Intelligent Commodities™, today announced that more than one billion environmental credits have been processed through EMA, its multi-registry ESG portfolio management system, since EMA was acquired in December 2019. The company also announced an agreement to integrate American Carbon Registry (ACR) with EMA, expanding the number of registries accessible through the platform.
Our platform for Digital Natural Gas and other digital commodities is written in Scala, which was a new language for me when I started at Xpansiv three years ago. Orchestration and workflow management is a common theme throughout our ecosystem, and we have old, new, proprietary and off-the-shelf approaches in some of our projects. As a result, we’re looking to standardize our approach to workflow and evaluating technologies like Temporal.io.
Xpansiv Market CBL Sets Quarterly Record, Trading More than 25M Tons of Carbon and 66B Litres of Water Xpansiv, the global marketplace for ESG commodities, today announced a new quarterly volume record on CBL, the leading spot exchange for energy and environmental commodities. Q2 2021 volumes surpassed the previous quarterly record, set in Q1 2021, by 29% and exceeded Q2 2020 activity by 374%. Carbon transactions of 25,843,428 mtC02e bested the volume record set last quarter by 33%. On a year-over-year basis, CBL carbon volumes are up 393%. In addition, a record 66 billion litres of water rights and allocations were traded on Xpansiv market H2OX, Australia’s water exchange, topping the previous record of 64,958 ML set in Q1 2018.
Suzy Taherian will be joining the company as CFO. Suzy brings a wealth of experience, having served as CFO for numerous public and privately held companies in energy, industrial, and cleantech, completing more than $3B in M&A and $4.5B in financing transactions. “Suzy’s experience building world-class finance operations and driving strategic transformations will be vital as we move forward, scaling both the company and the markets we serve,” said Xpansiv CEO Joe Madden. “She’s the perfect addition at this stage of our evolution.” Taherian was recently CFO of electric-vehicle company Wrightspeed, winner of the World Economic Forum Technology Pioneer award. Previously she was CFO of Kinetics, a global engineering firm, doubling their revenue in three years. She completed a successful exit for glass-manufacturing company eCullet, helped develop an exchange for construction equipment with Noble Iron, and completed more than $4B in transactions for Chevron.
Xpansiv connects buyers and sellers of data-driven commodity products in order to bring transparency to markets, emphasizing and empowering the importance of energy, carbon and water to push the world in a net-zero direction. Why we’re watching: Xpansiv is currently hiring for nine open roles across commercial, operations and technology teams. Beyond this, it expanded its operational footprint into the U.K. and Europe through its purchase of OTX, and also completed a successful pre-IPO capital raise of $40 million.
Xpansiv, the global marketplace for ESG-inclusive commodities, has announced that it will be using Daml, a multi-party application platform created by Digital Asset, to underpin its infrastructure and enable the rapid scaling of ESG commodities in global markets. The partnership builds on both companies’ pioneering efforts in digitization and market innovation by collaborating on Xpansiv’s next-generation platform that will use Daml to transform raw physical commodity data into tradable, ESG-inclusive assets. Xpansiv’s Daml-driven architecture ensures an immutable record of production and ESG data for the entire lifecycle of a digital commodity, from asset creation to trading. This enables ESG-minded consumers to procure assets with confidence and in accordance with standardized climate accounting regimes. “The ESG wave continues to build,” said Xpansiv CEO Joe Madden. “We have applied our core-competency in ESG and commodity-market infrastructure to prove what’s possible, drive liquidity, and build relationships with established market participants. Now it’s time to scale.
LONDON, MILAN, SYDNEY, NEW YORK – March 22, 2021 — Xpansiv CBL Holding Group Limited (Xpansiv), the global market for Intelligent Commodities™, today announced that it has acquired Project OTX Limited (OTX), making it a wholly-owned subsidiary of Xpansiv. Founded in 2013 by Francesco Dolci and Amedeo Giammattei and incubated by AitherCO2, OTX is a leading market-access provider for Compulsory Stockholding Obligations (CSO), rapidly expanding into renewable fuels and renewable fuel certificates. With operations in London and Milan, OTX provides voice and electronic market access to more than 200 customers in 27 countries. In 2014, OTX developed and launched the first electronic platform for the exchange of CSO tickets. The acquisition marks Xpansiv’s formal entry into the U.K. and Europe, both at the forefront of ESG and market innovation. The companies’ customer bases are complementary—seeking solutions in the energy transition—and will benefit from access to an ESG-centric platform that will incorporate conventional and bio-based fuels.
