Constellation and Xpansiv have announced a plan to introduce clean energy-based annual Emission-Free Energy Certificates (EFECs) on an online trading platform, with trading set to commence on Xpansiv’s CBL spot exchange on December 2, 2025. Constellation, the nation’s largest producer of emissions-free energy, will source these EFECs from its clean energy centers located in the PJM region. The collaboration also includes future plans to offer hourly EFECs through the platform. Constellation, a Fortune 200 company headquartered in Baltimore, powers the equivalent of 16 million homes, contributing approximately 10% of the nation’s clean energy with an annual output that is nearly 90% carbon-free. Constellation supplies three-fourths of Fortune 100 companies. Xpansiv, a leading infrastructure provider for global energy transition markets, will further facilitate the emission-free energy market. Its North American Renewables Registry (NAR) will issue nuclear-energy-based Zero-Emission Certificates (ZECs), ensuring full-lifecycle traceability from issuance to retirement. NAR is a prominent renewable energy certificate (REC) registry operating across the U.
S., Canada, and Mexico, with over 89 GW of registered renewable energy capacity. Jim McHugh, Chief Commercial Officer at Constellation, stated, “As demand for a range of clean, reliable and affordable energy solutions grows, our continued focus is on providing a comprehensive suite of commercial products that help customers meet their environmental goals. We believe the most important energy commodity is a reliable and clean megawatt, and our clean energy resources offer more clean, emissions-free energy than any other energy provider in the U.
S.” John Melby, CEO of Xpansiv, emphasized the importance of the initiative, saying, “Additional carbon-free power sources are in critical need, and clean energy centers will play a key role in meeting the growing demand for years to come. Our pioneering launch of clean energy certificate solutions across our registry and exchange demonstrates the power of our comprehensive environmental commodity market infrastructure. We are proud to work with Constellation, the leading reliable, emissions-free energy generator, to achieve this significant initiative for our market.” This partnership addresses increasing public and private sector interest in advancing emission-free clean energy generation. Such sources, including nuclear, hydropower, solar, and wind, are crucial for meeting growing electricity demands, particularly from new data centers supporting artificial intelligence applications, electric vehicles, and other emerging technologies. Goldman Sachs Research projects that global data center power demand will increase by 160% by 2030, underscoring the necessity of these clean energy solutions. In connection with this launch, Xpansiv and Constellation will host a webinar on Wednesday, November 12, at 10 a.m. ET. The webinar will offer insights into how verified, registry-issued certificates support decarbonization programs, as well as disclosure and reporting requirements. Panelists will include Whitney Boles, Managing Director, Customer Products, Constellation; Katie Doyle, Senior Vice President, Registry Solutions, Xpansiv; and Russell Karas, Senior Vice President, Strategic Market Solutions, Xpansiv.
