Monthly Report

Enechain to integrate with Xpansiv Connect, expand international renewable energy credit offering

July 15, 2024
Enechain
Enechain runs JCEX, the Japan Climate Exchange. (Image: Enechain)

Xpansiv Connect, a hub for trading renewable energy credit and other energy transition products operated by the US-based Xpansiv and the Japan Climate Exchange (JCEX) ran by Japan’s energy marketplace operator enechain will connect to each other, the two companies announced on July 12, 2024.

According to the statement, “The integration of JCEX with Xpansiv Connect will enable Japanese companies to access high-quality voluntary credits, including those aligned with the ICVCM Core Carbon Principles and CORSIA, as well as International Renewable Energy Certificates (I-RECs).” “This will enable Japanese companies to buy and sell hundreds of project-specific carbon credits and standardized contracts through JCEX,” the statement continued.

“Through this partnership, Japanese companies aiming for carbon neutrality will be able to procure carbon credits on a previously-unattainable scale, quickly and hassle-free,” said Ryo Nozawa, enechain’s founder and CEO.

In the future, the two companies plan to integrate their platforms further, potentially making J-Credits, one type of Japanese renewable energy certificates, tradable on Xpansiv’s CBL platform.

Xpansiv operates the world’s largest spot exchange for carbon credits, renewable energy credits, water, and other environmental commodities. It was founded in 2016 and has received funding from the Blacstone Group, Aramco Ventures, Bank of America, Goldman Sachs, and other big names since then.

Enechain is the operator of Japan’s largest energy forward marketplace in Japan that has received investment from Soros Capital management and nine major Japanese energy companies including JERA and Tokyo Gas among others. The JCEX allows participants to trade J-Credits, non-fossil certificates, and other Japanese, as well as international renewable energy credits.

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