APX, Inc., an infrastructure provider for environmental and cap-and-trade markets, announced that Goldman Sachs will become a new investor in the company.
John Melby, CEO of APX, Inc., commented: "We expect the investment by Goldman Sachs will enable our continued expansion and leadership as the trusted choice for creating and managing environmental commodities, and as a platform for future cap-and-trade markets."
Mr. Melby emphasized the importance of APX’s independence as a technology and service provider for environmental markets, including renewable energy, energy efficiency, and carbon emissions.
APX says it is policy-neutral, does not take positions in the markets, and its revenues are unrelated to the market prices for the environmental and cap-and-trade market certificates that its systems create, register, manage, track, transfer and retire.
Mr. Melby says, this neutrality has made APX one of the most trusted names in the environmental commodities arena with both the regulatory community and environmental market participants.
About APX
Providing a bank and mint for environmental commodities, the APX Environmental Market DepositoryTM is trusted to create, track, manage, and retire renewable energy certificates (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emissions reductions (VERs), and greenhouse gas emission allowances. The company says it is the system of choice for every major renewable energy market in North America and greenhouse gas markets worldwide. APX is headquartered in Santa Clara, CA.
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