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News

  • September 28, 2021 10:00 AM | EMA Staff (Administrator)

    (September 28, 2021) - Marex has agreed to acquire Volcap Trading (‘Volcap’), which will further expand the group’s offering in bespoke structured products and commodities.

    Since it was established in 2015, Volcap has built an award-winning soft commodity and bespoke structured product business that designs, structures and implements investment strategies across a wide range of financial assets. The business operates out of offices in London and Paris, with 19 employees and an extensive network of corporate customers, private banks, asset managers and family offices clients across Europe, Middle East, Asia and the Americas.

    Read More Here: https://www.marex.com/news/2021/09/marex-to-acquire-volcap-trading/

  • September 28, 2021 8:57 AM | Lauren LeMunyan (Administrator)

    (September 28, 2021) - The Environmental Markets Association (EMA) is proud to welcome Stephen McComb of IncubEx and Lance Titus of Uniper as new Board members. Ken Nelson of Blue Delta Energy was re-elected to serve another three-year term with the Board.  

    “As a volunteer-run organization, we rely heavily on our members to create new initiatives and programs within our three committees: Events, Policy Advocacy, and Market Principles.EMA is in a key position to make significant impacts in the industry and we are excited to leverage the energy and insights of our new Board members while building off of the foundation set by our existing Board,” said EMA Board President, Jack Velasquez of Marex Spectron.

    Dan Scarbrough of IncubEx after three consecutive terms, most of which were served as the Treasurer of the Board, will be passing the baton during the formal Board transition on October 12th at EMA’s 25thAnnual Meeting.  

    Current EMA Board Members include Jack Velasquez of Marex Spectron, Sean Barwin of CBL Markets, Christian Hofer of Sol Systems, and Joe Roenbeck of PSEG.  

     

    About EMA

    The Environmental Markets Association is a 25-year-old pro-environment, pro-business, pro-competitive markets industry trade association with a mission to promote open, competitive and tradable market-based solutions to solve environmental challenges while simultaneously supporting sustainable economic development. EMA does this through education, advocacy, and networking opportunities for its members and the public. Learn more and join today at www.enviromarkets.org.


    About Stephen McComb, IncubEx

    Stephen McComb is a Chicago-based economist and environmental and energy executive who currently serves as a senior vice president of IncubEx. McComb joined IncubEx in 2019 as a senior vice president. He spent six and a half years at the Intercontinental Exchange in environmental market roles after it acquired the Chicago Climate Exchange in 2010. McComb has also serve as an economist for the State Utility Forecasting Group at Purdue University.  He has also been a member of the Ontario Energy Board. McComb served in the Canadian armed services for three years as an infantryman.


    About Ken Nelson, Blue Delta Energy

    Ken Nelson brings a uniquely broad perspective to the REC market. He has traded the North American energy markets since 1989 in biofuels, propane, natural gas and power and has been active in RECs as a supplier, aggregator and compliance buyer. Ken has experience in a number of compliance and voluntary environmental credit markets, including Energy Efficiency Credits, RINs and LCFS Credits, Greenhouse Gas Credits and Offsets, and Federal Emission Reduction Credits.  During more than 20 years in physical and financial energy markets, Ken has managed regional power desks (where he traded the term, spot, speculative, and asset books); and traded natural gas, power, transmission congestion, capacity, emissions, and renewable energy credits. His experience spans every NERC power region and North American gas region, including Canada and Mexico. Prior to co-founding Blue Delta, Ken led the renewables desk at Element Markets. Ken also has worked at Sempra Energy Solutions, where he was a regional pricing director, and at Citigroup, TransAlta, Dynegy, PG&E Energy Trading, Enron, and Texaco. He holds a BS in Computer Science and Engineering from the University of Illinois at Urbana and an MBA in Finance and Business from the University of Houston.

     

    About Lance Titus, Uniper

    Mr. Lance Titus serves as Managing Director of Business Development, Origination and Structured Transactions at Uniper Global Commodities. He has over twenty years of commodities trading, structuring and risk management experience. Having held senior leadership roles from Wall Street to the energy industry, working for an investment bank, as well as for leading utilities, unregulated entities and merchant energy firms. He has transacted over $15 Billion in deals across the energy and environmental commodity markets with a sector focus in electricity, natural gas, renewables, carbon and emissions. Mr. Titus has been a featured panelist at Bloomberg’s “The Future of Energy Summit” in New York, and also serves as an adjunct professor for the course, “Foundations of Commodities” at the University of Colorado Denver. Mr. Titus holds an MBA from the University of Denver, Daniels College of Business. and a B.S. degree in Finance and Marketing from Clarion University. He serves on the Advisory Board of cQuant.io,  is a member of the J.P. Morgan Center for Commodities Advisory Council, serves on its Research Council and is a member of the Global Commodities Applied Research Digest Editorial Advisory Board.

     

     

  • September 28, 2021 6:30 AM | EMA Staff (Administrator)

    (September 28, 2021) - These results reflect the ongoing execution of our growth strategy and the energy and dedication of our people, and I am pleased that we are delivering on the commitments we made earlier this year.

    Marex is reaping the benefits of the strategic diversification of our revenues, across products and markets and our ongoing expansion into new, value-add areas which complement our core businesses. This means that we are able to offer our clients a compelling one-stop-shop solution and grow our market share. 

    Read More Here: https://www.marex.com/news/2021/09/h1-2021-performance/

  • September 24, 2021 8:00 AM | EMA Staff (Administrator)

    (September 24, 2021) - Lilac Solutions, a lithium extraction technology company, announced today the first close of a $150 million Series B financing led by Lowercarbon Capital and funds and accounts advised by T. Rowe Price Associates, Inc.

    Additional new investors include Mercuria Energy Trading and Valor Equity Partners; existing investors Breakthrough Energy Ventures and The Engine also participated in the round.

    Read More Here: https://www.mercuria.com/media-room/business-news/lilac-solutions-announces-150-million-series-b-scale-lithium-supply

  • September 23, 2021 9:30 AM | EMA Staff (Administrator)

    (September 23, 2021) - Xpansiv, the global marketplace for ESG commodities, today announced its successful capital raise from new and existing investors. The company had targeted US$50 million to fund growth initiatives but increased the round to US$100 million to accommodate significant demand.

    “We are extremely pleased with the oversubscribed outcome,” said Xpansiv Executive Chairman Will Stewart. “It is our pleasure to welcome high-quality investors, including Clean Energy Finance Corporation, Commonwealth Bank of Australia, Hartree Partners, Wilson Asset Management, and many others who have participated along with Xpansiv’s current investors.”

    Read more here: https://xpansiv.com/xpansiv-completes-us100-million-capital-raise/

  • September 22, 2021 11:45 AM | Lauren LeMunyan (Administrator)


    We are excited to share our all-star line up of industry experts for EMA's 25th Annual Meeting on October 12 & 13, 2021. Join us in Austin or from the comfort of your screen.


    Hear from the following panelists and presenters:

    • Maud Texier, Head of Energy Development, Google
    • Brian Rybarik, Director, Energy Markets,  Microsoft
    • Ben Gerber, M-RETS
    • Ali Shajrawi, Manager Environmental Markets & Trading, LS Power
    • Michael Leschke, Director, Certification Programs, Center for Resource Solutions
    • Michael Enger, City of Austin 
    • Bob Shults, Head of North American Markets, Xpansiv 
    • Stephanie Harris, Director Carbon Markets, 3Degrees
    • Scobie Mackay, Macquarie
    • Matt Lithgow, Carbon Pulse
    • Adam Raphaely, Mercuria
    • Natasha Beilstein, Manager of Renewable Fuels Market, WM Renewable Energy


    Sessions Include:

    Net Zero to Negative: How Big Tech Is Pushing Into The Next Frontier Forum (45 minutes)

    When you are Google and Microsoft, you think big. Hear how these tech giants are going well beyond the popular climate pledges to set new carbon standards.  Google is pushing for 24/7 carbon-free energy while Microsoft is going carbon negative.  What will it really take for these global companies and what will be the role of environmental markets to get there? Sometimes it takes negative thinking, 24/7. 


    Breaking Down the Complexities of Hourly REC Markets (15 minutes)

    As corporates and even some governments look at a 24/7 renewable market, how will the existing market evolve to meet these demands. M-RETS was the first REC tracking system to complete an hourly retirement in collaboration with Google, and this discussion will explore hourly RECs as well as thoughts on clean peak standards and other programs that rely on more granular market data.


    The Great REConing: How RECs are Emerging (75 minutes)

    As states and companies get more aggressive on renewable targets, compliance and voluntary REC markets are showing unprecedented growth. Our panel of RECsperts will explore these ever-changing markets and what is driving them today and, in the year, ahead. Just how big can RECs get?


    Updates in Offshore Wind & What it Means for the Market (30 minutes)


    The Mechanics of Digital Natural Gas and the Methane Performance Certificate (15 minutes)

    The market for responsibly sourced fuels is growing.  New standards, improved GHG measurement, and evolving best practices now enable producers to issue digital assets, including Digital Natural Gas, that precisely quantify the environmental impact of their production methods and facilities, including methane emissions intensity, other GHG attributes, and water usage. This presentation will review the mechanics of Digital Natural Gas (including the Methane Performance Certificate) and provide practical insights gleaned from producers, marketers, and utilities involved in recent transactions.  


    Summer Of Fun:  Carbon Markets Drivers and Dives (60 minutes)

    This past summer, North American carbon markets were on a tear. CCAs, RGGI and Voluntary Carbon markets not only posted record prices but attracted new, influential participants as well.  Our panelists will dissect and debate the who, what, why and where of carbon markets.  What role will policy play? What's next for compliance and voluntary carbon markets? What impacts might EUAs have on North American carbon? And just who or what could sink these markets in the coming months?


    Page Turner: Writing the Renewable Fuels Thriller (60 minutes)

    Like every good suspense novel, renewable fuels markets are full of promise, politics, conflict and potential. Our panel of renewable fuels experts will provide an in-depth examination of what is happening at the state level in California, Oregon and soon enough in Washington, and contrast that with the topsy-turvy EPA markets. What is next for the West Coast LCFS markets and might we see the beginnings of a regional market? What policy moves will the EPA make in the near-term? And is there a national LCFS program taking shape? How might the EV trend impact all of this? This is a story with twists and turns that will keep you on the edge of your seat.

     

    Don't miss out on this amazing opportunity to take part in the conversations shaping the future of environmental markets. Register Today!

  • September 21, 2021 8:00 AM | EMA Staff (Administrator)

    (September 21, 2021) - Duke Energy Sustainable Solutions,* a nonregulated commercial brand of Duke Energy (NYSE: DUK), today announced the construction of the 207-megawatt (MW) Ledyard Windpower project in Kossuth County, Iowa. This will be the company’s first renewable energy project in the state.

    To support Verizon’s net-zero goals, it has entered into a 15-year virtual power purchase agreement (VPPA) for 180 MW of the wind energy generated by Ledyard Windpower.

    Read More Here: https://news.duke-energy.com/releases/duke-energy-sustainable-solutions-announces-its-first-wind-energy-project-in-iowa-207-mw-ledyard-windpower?_ga=2.189155499.1620519128.1632545213-1995911813.1624931765

  • September 20, 2021 11:30 AM | EMA Staff (Administrator)

    (September 20)

    New Energy One (NEO), jointly owned by Meridiam, an independent investment Benefit Corporation under French law and an asset manager, and an affiliate of Sevana Bioenergy, a California-based anaerobic digestion project developer, announced today the completed transaction of negative Carbon Intensity (CI) electricity supply from their Idaho-based dairy digester facility for use in electric vehicles in California. The sale is one of the first of its kind and hints at a growing trend of biogas facilities transitioning to electricity to support the decarbonizing California transportation market.

    3Degrees, a firm that helps organizations achieve renewable energy and decarbonization goals, worked with NEO to determine the best strategy for maximizing the benefit of the power it generates. Through this joint effort, 3Degrees purchases the power from the NEO facility, wheels it into the California market, and matches it with electric vehicle chargers in order to generate credits under California’s Low Carbon Fuel Standard (LCFS). To enable this, 3Degrees managed the Tier 2 pathway approval process with the California Air Resources Board (CARB), including the modeling and validation process required for NEO’s negative carbon-intensity score.

    Read More:https://3degreesinc.com/news/3degrees-new-energy-one-bring-biogas-electricity-to-california-electric-vehicles/


  • September 01, 2021 8:00 AM | EMA Staff (Administrator)

    (September 1, 2021) -  Xpansiv, the global market for Intelligent Commodities™, today announced the completion of its first Digital Natural Gas transaction through the Xpansiv Registry. 

    Xpansiv’s Digital Natural Gas (DNG™) is part of a new asset class that conforms to the Digital Fuels Governance Framework, enabling markets to differentiate natural gas based on methane-emissions intensity and other critical metrics. Facilitated by global financial services group Macquarie, the DNGs were generated and registered on the Xpansiv platform by Pacific Canbriam Energy and transferred to Energir, a Montreal-based utility and energy services provider.

    Read more here: https://xpansiv.com/xpansiv-completes-landmark-digital-natural-gas-transaction/

  • August 30, 2021 11:42 PM | EMA Staff (Administrator)

    (August 30, 2021) - Nodal Exchange and IncubEx announced today the upcoming launch of ten new Renewable Energy Certificate (“REC”) futures and options contracts, adding to the world’s largest suite of environmental products.

    Pending regulatory review, Nodal will list the following first-ever listed futures and options on September 8, 2021:

    • NAR Registered Renewable Energy Certificates from CRS Listed Wind Energy Facilities
    • NAR Registered Renewable Energy Certificates from CRS Listed Solar Energy Facilities
    • Maine Class 2 Renewable Energy Certificates
    • Maryland Compliance Tier 2 Renewable Energy Certificates
    • California Portfolio Content Category (PCC) 3 Renewable Energy Certificates

    Each NAR CRS Wind and Solar contract represents renewable energy produced from North American Renewables Registry™ (“NAR”) registered facilities listed with the Center for Resource Solutions (“CRS”) in connection with the administration of its Green-e® certification programs. These Wind and Solar REC contracts complement existing voluntary REC products on Nodal. These include Texas Compliance Wind and Solar RECs from CRS Eligible Listed Facilities and M-RETS® RECs from CRS Listed Wind Energy Facilities.

    Read more here: https://theincubex.com/2021/08/nodal-exchange-and-incubex-collaborate-to-launch-ten-first-of-their-kind-renewable-futures-options/

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