Xpansiv® Limited has announced the full acquisition of Evident Group Limited, uniting their registry and certification infrastructure to accelerate the global renewable energy transition. The move integrates Evident’s international I-REC(E) and related registries with Xpansiv’s North American Renewables Registry (NAR™) and Tradable Instrument for Global Renewables Registry (TIGR™), forming a unified renewable energy certificate (REC) network with over 300 GW of capacity and 4,000 participating companies. “Today’s announcement reflects the shared goals and close relationship we have developed with Evident as we work to build energy transition solutions at scale, centering on transparent, independent certification and robust infrastructure,” said John Melby, CEO, Xpansiv.
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Evident will continue operating independently under the I-TRACK Foundation’s oversight to ensure transparency and governance aligned with the International Attribute Tracking Standard. “The I-TRACK Foundation is looking forward to continuing to support Evident…as it grows its impact, reach, and innovation across vital and trustworthy EAC markets,” added Dirk Van Evercooren, Chairman, I-TRACK Foundation. Evident Co-Founder Ed Everson highlighted the company’s top position in sustainable energy certification in over 60 countries. The acquisition boosts Xpansiv’s strategy to diversify. This comes as global REC demand rises. The demand is fueled by growing renewable capacity and clean energy use in data centers, EVs, and more.