Xpansiv, a market-infrastructure platform for ESG commodities, has acquired certain assets of PineSpire, a revenue management services provider for low-carbon fuels programs in California, Washington, Oregon, and Canada, for an undisclosed sum.
PineSpire offers services for participating in low-carbon fuels programs across various regions in North America. The acquisition includes key staff, commercial accounts, technology, and intellectual property from PineSpire.
This acquisition is part of Xpansiv's strategy to consolidate operators in the solar REC and LCFS markets, aiming to reduce market fragmentation and provide scale benefits to customers. Xpansiv plans to integrate PineSpire's staff and clients into its Managed Solutions business, which is the largest independent technology platform for managing and selling solar and renewable energy and clean transportation credits in North America.
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