Xpansiv, the infrastructure provider for global energy transition markets, and Verdane, the European growth investment firm, have announced a strategic partnership in which Verdane is leading a major capital raise by Xpansiv. The investment will support Xpansiv’s acquisition strategy, continuing the company’s expansion into new products, asset classes, and geographies.
Xpansiv provides the registries, marketplaces, and data that underpin energy and environmental commodity markets worldwide, connecting corporations, utilities, and traders to clean power, renewable energy certificates, verified carbon credits, and clean fuel credits, and processing transfers of hundreds of millions of assets annually. Xpansiv’s proprietary registries support more than 320 GW of renewable generation capacity registered across more than 60 countries, representing approximately 4% of total global electricity generation and 7% of renewable energy generation. Approximately 28% of renewable energy certificates issued globally in 2025 are managed on the company’s registry network.
The partnership builds on a sustained period of acquisition activity. Over the last four years, Xpansiv acquired APX, the global leader in energy and environmental registry infrastructure; Evolution Markets, a leading market execution services provider; and Evident, the UK-based operator of the I-REC(E) registry. The investment led by Verdane is designed to enhance that strategy as the infrastructure layer serving these markets consolidates.
Xpansiv’s other investors include Blackstone Group, Bank of America, Goldman Sachs, Aramco Ventures, Macquarie Group, S&P Global Ventures, Aware Super, BP Ventures, and Commonwealth Bank. Verdane has raised €10 billion in capital and made more than 200 investments in fast-growing businesses since 2003, with a team of over 180 investment professionals based across Berlin, Copenhagen, London, Helsinki, Munich, Oslo, and Stockholm.
KEY QUOTES:
“Xpansiv operates the market infrastructure for the global energy transition, and that position strengthens as reporting and compliance obligations widen. Infrastructure of this kind takes years to build, and no one else has assembled it end to end. We look forward to partnering with Xpansiv and helping it scale to meet growing global demand for its platform.”
Melanie Campbell, Principal, Verdane
“Verdane understands what it takes to scale a technology platform internationally. This partnership enables us to move faster on acquiring next-generation solutions to complement our internal innovation, expanding the breadth and depth of what we can offer customers globally.”
John Melby, CEO, Xpansiv
