October 5, 2022


Enduring Values

Blackstone Announces $400 Million Investment in Xpansiv, the Major Global Carbon and Environmental Commodities Exchange System

NEW YORK & SAN FRANCISCO–(Company WIRE)–Blackstone announced these days that cash managed by Blackstone Vitality Companions (“Blackstone”) have fully commited $400 million to lead a strategic investment decision in Xpansiv Limited (“Xpansiv”), the leading market place-infrastructure system for international carbon and environmental commodities.

Xpansiv connects customers and sellers of environmental commodities and presents industry data for voluntary carbon offsets, renewable energy credits (RECs), and low-carbon fuels, every single of which are vital components of world-wide decarbonization. Xpansiv’s expanding ecosystem supports providers trying to find to meet environmental and emissions reduction objectives.

Bilal Khan, Senior Handling Director at Blackstone, claimed: “We believe environmental commodities are a crucial new asset class that need to scale exponentially to meet up with climate alter mitigation targets pledged by governments, organizations, and whole industries. Xpansiv is a leader in this house, and we are delighted to present the capital and means to aid them additional grow their choices and speed up their development.”

David Foley, Global Head of Blackstone Strength Companions, reported: “As a primary personal fairness investor in the dynamic strength transition market place, we proactively search for out firms with entrepreneurial administration teams that are properly positioned to gain from elementary prolonged-term trends. As extra companies make internet-zero commitments, there is an rising have to have to effectively hook up them with—and indirectly deliver funding for—the most productive, substantial-good quality developers of CO2 reduction tasks. Xpansiv has a first-mover gain, and Blackstone’s expense will empower them to capitalize upon that guide, building a uniquely positioned enterprise with possession of important application, technological know-how, and a scalable exchange for trading voluntary carbon offsets and related environmental merchandise. We believe this market place will practical experience exponential growth over the future ten years.”

“Blackstone’s assist of the Xpansiv eyesight for commodity marketplaces that value ESG is a major milestone and the starting of a new chapter for the corporation,” said Xpansiv CEO Joe Madden. “This partnership will help us solidify our major position in carbon and leverage our platform to scale marketplaces and merchandise to accelerate the power changeover throughout renewable vitality, digital fuels, and over and above. We’re unquestionably thrilled with the partnership.”

“We are excited about this long-time period dedication from Blackstone—proof of their ongoing expenditure in local climate alternatives,” stated Xpansiv Main Approach Officer Nathan Rockliff. “This partnership will assist our strategic route to speed up our expansion in world wide commodity marketplaces following the acquisitions of SRECTrade, HVB, and OTX in 2021, and our financial commitment in APX, the primary service provider of registry infrastructure for vitality and environmental markets.”

Blackstone’s funds will help Xpansiv to continue on driving expansion across the two natural initiatives and long run acquisitions. The transaction proceeds Blackstone’s current thematic investments in the power-changeover and climate-options spaces, which include things like Legence and Sphera.

Perella Weinberg Companions LP served as economical advisor, and Morrison & Foerster LLP and Clifford Probability LLP served as legal counsel to Xpansiv. Kirkland & Ellis and Clayton Utz served as lawful counsel to Blackstone.

About Blackstone Vitality Companions

Blackstone Electricity Associates, Blackstone’s strength-targeted non-public equity small business, is a foremost electricity trader with a thriving extended-expression record, having invested above $20 billion of fairness globally across a broad range of sectors in just the strength sector. Our expenditure philosophy is centered on backing fantastic management teams with flexible cash to supply methods that assistance energy firms improve and improve overall performance, thereby offering trustworthy and reasonably priced electricity to meet up with the wants of the world wide group. In the process, we build more robust, much larger scale enterprises, develop jobs, and create long lasting worth for our investors, staff, and all stakeholders.

About Xpansiv

Xpansiv is the world wide marketplace for ESG-inclusive commodities. Our infrastructure empowers individuals to worth electrical power, carbon, and water to fulfill the troubles of a useful resource-constrained planet. The company’s principal enterprise models contain CBL, the greatest location exchange for ESG commodities, which includes carbon, renewable strength certificates, and Electronic Pure Gas™ H2OX, the top place trade for h2o in Australia XSignals, which gives conclusion-of-working day and historic sector details and EMA, the primary multi-registry portfolio administration method for all ESG-inclusive commodities. Xpansiv is the electronic nexus in which ESG and price alerts merge. Xpansiv.com