APAC based B2B carbon and clean Renewable Energy Hub, have completed acquisition of one of the world’s longest standing dedicated environmental and energy commodity markets brokerage businesses, TFS Green APAC (part of Tradition Asia), to form CORE Markets.
MELBOURNE, SINGAPORE, SEOUL, TOKYO
APAC based B2B carbon and clean energy tech and services firm Renewable Energy Hub, have completed acquisition of one of the world’s longest standing dedicated environmental and energy commodity markets brokerage businesses, TFS Green APAC (part of Tradition Asia), to form a complete end-to-end markets, technology and climate solutions partner for business.
The acquisition adds award-winning carbon and energy commodity market expertise to the business’s existing carbon marketplace platform and net zero services. The deal will expand reach and capability across APAC carbon and energy markets and is announced today in conjunction with the business launching its new brand name, CORE Markets. The CORE Markets team are creators of the ARENA funded software platform for carbon and energy markets, having already released the first-of-its kind Project Marketplace, which connects corporate and wholesale demand with high impact, high quality carbon credits and clean energy. The existing platform provides pricing, project insights, valuations and benchmarks and the business is gearing up for the release of its end user corporate platform to connect broad based demand to quality supply.
“The completion of this acquisition allows CORE Markets to provide businesses the support they need to reach their sustainability goals. The offering starts with market leading energy and carbon market expertise, whilst delivering powerful software to expedite net zero engagement,” says Chris Halliwell, Co-Founder and Head of Markets.
The soon to be released Emissions Manager product lets corporate sustainability teams and partners run climate programs, model scenarios and access live markets; including emissions reduction initiatives and purchase of carbon removal solutions.
Tradition Australia Managing Director Tim Lay says “Watching market developments it is a good opportunity to amalgamate TFS Green's long established and Market leading Environmental Business with Renewable Energy Hub's initiatives. The creation of CORE Markets will allow fora more integrated business to offer a broader set of solutions to a wider group of market participants."
Dedicated to Asian region, CORE Markets works with corporates, project developers, wholesale energy market participants, and have innovated some of the largest carbon and clean energy deals in the market. The technology roadmap to be further unveiled at the Carbon Market Institute summit next week in Sydney.
“Through our software platform and supporting services, we’re giving all businesses with net zero ambitions the tools to demystify clean energy and carbon markets. Because the decisive action our planet so desperately needs is only possible with access and scale.” says Chris Halliwell, Co- Founder and Head of Markets.
CORE Markets simplifies the fight on climate change by reducing barriers of access to global carbon and energy markets.
The CORE Markets team helps corporate sustainability teams, carbon and clean energy project developers and wholesale and industrial clients take action to net zero.
The business offers corporate net zero services, project optimisation services, and corporate and institutional brokerage services, all backed by a powerful software-as-a-service platform.
Tradition Financial Services (TFS), is an established service provider in the brokerage of financial and non-financial products. The company covers a range of commodity markets including currency options, equity derivatives, freight and much more. TFS is a subsidiary of Compagnie Financière Tradition, one of the world's three largest brokers in financial and commodity-related products, and number one in continental Europe.
