APX
| APX | |
| |
| Founded | 1996 |
|---|---|
| Headquarters | Hoboken, NJ |
| Key People | Brian M. Storms Chairman & CEO; John Melby, President |
| Products | Provides registry services for environmental and energy markets |
| Website | http://www.apx.com/ |
APX, formerly known as Automated Power Exchange, is an infrastructure and registry provider for environmental and energy markets in renewable energy and greenhouse gases including carbon commodities. The company has 2 billion certificates under management and 1300 global accounts.
Providing a bank and mint for environmental commodities, APX Environmental Market Depository is used to create, track, manage, and retire renewable energy certificates (RECs), energy efficiency and conservation certificates, carbon offset credits such as verified emission reductions (VERs), and greenhouse gas emission allowances.
APX also provides technology, strategic consulting and operational services to help wholesale power market participants reduce costs and improve performance in power scheduling, settlement, market operations, system operations support and demand response programs.[1]
Goldman Sachs is a minority investor in APX. [2]
Products and Services[edit]
The areas in which APX provides services are:
- Environmental Asset and Risk Management
- Environmental Portfolio Management
- Carbon and Renewable Energy Registries
- Power Scheduling and Settlement
- Wind and Renewable Power Scheduling
- Demand Management
- Generation Control Systems
- Business Consulting Services
APX environmental market solutions create, track, manage, and retire renewable energy certificates (RECs) for all North American regional markets, Carbon Offset Credits/Verified Emission Reductions and Emission Allowances, and Energy Efficiency and Conservation Certificates.
APX provides operational solutions to the power industry which include scheduling and settlement, generation control and operation support, and consulting services.
Key People[edit]
- Joseph Varnas - CEO
- Roger Yang - President of APX Power Markets
- Jose Ibietatorremendia - Vice President and General Counsel
- Heather Sanders - Managing Director
- Joseph Kerecman - Managing Director
Recent News[edit]
On Sept. 7, 2010, NYSE Euronext and APX announced the joint venture, NYSE Blue that will focuse exclusively on the environmental and sustainable energy markets. The initiative will include NYSE Euronext's existing investment in BlueNext, a leading spot market in carbon credits while APX will provide the regulatory infrastructure.[3]
Resources[edit]
References[edit]
- ↑ About US. APX.
- ↑ Goldman Sachs Backs APX. AllBusiness.
- ↑ NYSE Euronext and APX to establish NYSE Blue. APX website.