DALLAS and SAN FRANCISCO, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Independent Energy Standards Corporation (IES) and Xpansiv are pleased to announce a strategic partnership that leverages Xpansiv’s technology platform to expand IES’s TrustWell Responsible Gas Program—for the first time global markets will have access to Intelligent Commodities™, financial contracts that include vital source data in order to include environmental impact in valuations. Last month, IES announced the first transaction for premium responsible gas using its TrustWell Ratings, and Xpansiv announced a partnership with CBL Markets, the leading spot exchange operator for global energy and environmental commodity markets.
“Partnering with Xpansiv provides a powerful mechanism to scale the market for TrustWell Responsible Gas in a high integrity way, a value which has been key to IES’s success as the market leader in this space,” said Jory Caulkins, IES Chief Executive Officer. “We are excited for this initial step with Xpansiv, and for what the future holds for our work together.”
Xpansiv transforms energy-production information into Digital Feedstock™, a new, standardized format that combines data science, cryptography, and distributed-ledger technologies to securely track vital source data. As a result of this partnership, TrustWell Ratings will be traceable back to production sources and volumes with high fidelity, enabling the creation of financial contracts for TrustWell Responsible Gas; for the first time, the way energy is produced will directly influence its value in the marketplace, enabling a new accountability in the renewable energy space.
“We are excited to partner with IES to combine the depth and credibility of TrustWell with Digital Feedstock,” said Joe Madden, Xpansiv CEO. “Not only will this enable scale, but it will increase transparency, reduce transaction costs, and eliminate counter-party risk. It’s the beginning of a paradigm shift in the way commodities are valued.”
IES and Xpansiv are dedicated to expanding the program and their partnership, with additional announcements planned for the coming months.
About Independent Energy Standards Corp (IES)
IES is the market-leading independent ratings and analytics provider for risk and responsibility in the oil & gas industry. The company combines deep technical expertise with market mechanisms to economically reward responsible actors. To learn more, visit www.ies.co or contact the company below.
About Xpansiv
Xpansiv is a team of experts and industry leaders dedicated to improving the way commodities are produced, managed, and traded worldwide. By extracting and refining real-time production data, Xpansiv is revolutionizing the ecosystem, differentiating commodities based on their carbon impact and unlocking liquidity to deliver extraordinary new insights and opportunities. For information about Xpansiv, please visit www.xpansiv.com.
Contact
Cortney Piper, IES: info@ies.co
Sam Teplitsky, Xpansiv: sam@xpansiv.com