Xpansiv
Xpansiv connects environmental commodity markets globally through unified trading infrastructure.
Xpansiv operates a comprehensive end-to-end platform for environmental commodities, connecting buyers, sellers, and intermediaries across carbon credits, renewable energy certificates, and water markets. The platform powers over 90% of global exchange-traded carbon credits and manages positions in 17+ registries through a unified API and interface. It serves Fortune 500 companies, governments, financial institutions, and project developers—over 100,000 customers—with real-time trading, portfolio management, and standardized data exchange capabilities.
Problem solved
Organizations lack a unified platform to trade, settle, and manage environmental commodities across fragmented global registries and markets, creating operational friction and market inefficiency.
Target customer
Fortune 500 corporations, financial institutions, government agencies, carbon traders, renewable energy project developers, and utilities seeking to trade and manage environmental commodities at scale.
Founders
J
Jeff Cohen
Co-Founder, Director of Sustainability
Co-founder of Xpansiv focused on sustainability initiatives.
J
Jason Libersky
Co-Founder & CTO
Co-founder and Chief Technology Officer overseeing platform architecture and development.
J
Joe Madden
Co-Founder & CEO
Co-founder and former CEO of Xpansiv.
A
Amedeo Giammattei
Co-Founder & Managing Director
Co-founder managing strategic operations and business development.
J
John Melby
CEO
CEO since October 2023 with 20+ years in energy and environmental markets; previously President and COO at Xpansiv; co-founder of Noble4 Advisors; former CEO of APX and Green Exchange.
Funding history
Seed
$0.6M
January 2016
Led by Unknown
· Unknown
Series A
$10M
January 2019
Led by BP Ventures
· Avista Development, S&P Global, Energy Innovation Capital
Series B
$25M
January 2020
Led by BP Ventures
· Oxy Low Carbon Ventures, Macquarie Group Limited
Series C
$100M
September 2021
Led by Unknown
· Multiple investors (oversubscribed round)
Series D
$400M
July 2022
Led by Unknown
· Blackstone Group, Bank of America, Goldman Sachs, Macquarie Group, S&P Global Ventures, BP Ventures, Commonwealth Bank of Australia
Series D Follow-up
$125M
January 2023
Led by Unknown
· Existing investors including Aramco Ventures
Total raised:
$712M
Pricing
Not publicly available. The company uses custom enterprise pricing for different customer segments (corporations, financial institutions, governments, traders) based on volume and service level.
Notable customers
Over 100,000 customers including Fortune 500 companies, government agencies, project developers. Notable implied customers: Aramco, BP, Oxy, Macquarie Group, S&P Global, Bank of America, Goldman Sachs, Commonwealth Bank of Australia, Aware Super
Integrations
17+ global carbon registries, CBL spot exchange, H2OX water exchange, CME, S&P Global Platts, IATA Aviation Carbon Exchange, select ETRM platforms
Website
Competitors
European Energy Exchange
Focused primarily on European energy markets; Xpansiv has broader global reach and higher market share in carbon credits.
Daylight
Smaller scale competitor; Xpansiv dominates with 90% market share in exchange-traded carbon credits.
MTB
Regional competitor with limited global reach compared to Xpansiv's 17+ registry integration.
Why this matters: Xpansiv is the dominant platform for global environmental commodity trading, commanding 90% of exchange-traded carbon credits and supporting 80% of global carbon credits. As a $1.2B unicorn backed by major institutions (Blackstone, Goldman Sachs, Bank of America), it's positioned at the center of the global transition to environmental markets and digital commodity infrastructure.
Best for: Large corporations, financial institutions, governments, and traders needing to buy, sell, and manage environmental commodities across global markets with unified infrastructure and real-time settlement.
Use cases
Global Carbon Credit Trading
Multinational corporations can trade carbon credits across 17+ global registries through a single interface instead of managing separate accounts. Xpansiv's CBL spot exchange provides 90% market share in exchange-traded carbon, enabling price discovery and liquidity for corporate sustainability initiatives.
Renewable Energy Certificate Portfolio Management
Utilities and energy companies manage SREC and REC portfolios across North American markets through Xpansiv's EMA platform, which supports 60% of North American renewable certificates. Automated settlement and standardized data reduce operational overhead and compliance risk.
Environmental Commodity Data Standardization
Project developers and commodity producers leverage Xpansiv Registry to transform raw production data into standardized digital asset products, enabling direct market access without intermediaries and improving pricing transparency.
Alternatives
European Energy Exchange
Choose if you need primarily European energy market access; Xpansiv is superior for global carbon credit trading.
Marex
Traditional commodities broker with broader commodity scope but less specialized in environmental instruments and digital infrastructure.
FAQ
What does Xpansiv do? +
Xpansiv operates an end-to-end platform for trading and managing environmental commodities including carbon credits, renewable energy certificates, and water. The platform connects buyers, sellers, and intermediaries across 17+ global registries through a unified API and user interface, handling position management, trading settlement, and data standardization.
How much does Xpansiv cost? +
Pricing is not publicly available. Xpansiv uses custom enterprise pricing models based on customer segment (corporations, financial institutions, governments, traders), trading volume, and service level. Contact the company for specific pricing.
What are alternatives to Xpansiv? +
European Energy Exchange focuses on European energy markets; Marex offers traditional commodity brokerage services; Daylight and MTB are smaller regional competitors. However, Xpansiv has 90% market share in exchange-traded carbon credits and broader global reach than most alternatives.
Who uses Xpansiv? +
Over 100,000 customers including Fortune 500 corporations, government agencies, financial institutions, carbon traders, and renewable energy project developers. Notable investors include BP Ventures, Macquarie Group, S&P Global, Blackstone, Bank of America, and Goldman Sachs.
How does Xpansiv compare to European Energy Exchange? +
Xpansiv has significantly broader global reach with integrations to 17+ registries versus EEX's focus on European markets. Xpansiv dominates global carbon credit trading with 90% market share and offers unified portfolio management across multiple commodity types (carbon, renewables, water) rather than just energy.
Tags
carbon credits
environmental commodities
trading platforms
renewable energy
ESG
climate tech
digital assets
registry management
carbon markets