Venture Capital/ESG: Blackstone Invests $400M In Carbon Platform Xpansiv

“Environmental commodities are a critical new asset class.”

Blackstone announced that funds managed by Blackstone Energy Partners have invested $400 million in Xpansiv Limited, a market infrastructure platform for carbon and environmental commodities, as a strategic investment.

The global decarbonization effort utilizes Xpansiv’s market infrastructure, which provides data on voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels. Xpansiv’s ecosystem is expanding – supporting businesses seeking to meet environmental and emissions reduction goals.

Xpansiv growth plans

Blackstone’s contribution will allow Xpansiv to develop further by investing in organic initiatives and future acquisitions. Blackstone has made several recent strategic investments in the energy-transition and climate-solution industries, including Legence and Sphera, as well as other recent investments.

Blackstone Energy Partners, Blackstone’s energy-focused private equity company, has invested over $20 billion in energy industry sectors across the world, achieving long-term success. The firm supports management teams with flexible capital in order to help energy companies grow and improve performance, thereby providing reliable and affordable energy for the global community.

“We’re excited about this long-term commitment from Blackstone—proof of their ongoing investment in climate solutions,” said Xpansiv Chief Strategy Officer Nathan Rockliff in a statement. “This partnership will support our strategic path to accelerate our growth in global commodity markets following the acquisitions of SRECTrade, HVB, and OTX in 2021, and our investment in APX, the leading provider of registry infrastructure for energy and environmental markets.”

“As more corporations make net-zero commitments, there is an increasing need to efficiently connect them with—and indirectly provide funding for—the most efficient, high-quality developers of CO2 reduction projects,” said David Foley, Global Head of Blackstone Energy Partners. “Xpansiv has a first-mover advantage, and Blackstone’s investment will enable them to capitalize upon that lead, creating a uniquely positioned company with ownership of critical software, technology, and a scalable exchange for trading voluntary carbon offsets and related environmental products.”

Related Story: Twelve Raises $130M For World’s First Carbon Transformation Platform

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