History of APX

Over a decade of unequaled experience

October - APX, Inc. (APX) founded.

March - APX completes development and commenced operation of an exchange on the inauguration of California’s deregulated wholesale electric energy market. APX began automatically sending clients’ daily and hourly energy schedules to the California Independent System Operator (ISO), and allowed clients to view Web-based invoices and settlement statements the day following energy deliveries. APX continued to grow its energy transaction management business, currently scheduling and settling more than 350 million megawatt hours annually throughout North America.

July - ERCOT launches the Texas Renewable Energy Certificate (REC) Program, which APX developed and initiated for the Electric Reliability Council of Texas (ERCOT).

August - APX launches its scheduling, settlement, asset control, and Qualified Scheduling Entity (QSE) services business in ERCOT. APX entered the market on the first day ERCOT was deregulated with nine market participants, and provided the only independent service of its type.

April - APX implements a certificate-based Generation Information System, and began operation under a five-year contract for the New England Power Pool (NEPOOL).

APX operates a renewable energy, certificate-trading platform, the APX “Green Ticket” market, in cooperation with the California Energy Commission. APX becomes a leader in developing and operating environmental registry technology and services.

June - The State of California selected APX to build and operate the California Demand Reserves Partnership (DRP) program, now the largest program in the U.S. DRP allows business power reductions to be scheduled and dispatched into the transmission grid, when and where needed. In 2003, the program had periods with up to 300 megawatts of participating load associated with more than 200 retail clients.

October - APX begins providing service in the PJM regional transmission organization (RTO).

February - APX initiates operations support and services in the New England Independent System Operator (ISO) control area.

April - APX schedules more than 30 million megawatt hours nationwide during the month.

January - APX ramps up operations of its Professional Services organization to support clients in energy market operations.

March - APX begins providing scheduling and settlement service in the Midwest Independent System Operator (Midwest ISO) region, in tandem with Midwest ISO’s launch of the Day-2 Market for energy and transmission.

September - PJM launches the Generation Attribute Tracking System (GATS) with APX technology, a program for creating, managing, and trading renewable energy certificates.

December - Milestone: APX develops, implements, operates and supports the automated power scheduling solution that serves ~40% of the intermittent Wind Power Generation resources participating in the CAISO PIRP program.

February - APX begins deployment of its next-generation APX Platform architecture for scheduling, settlement, and business intelligence solutions.

July - MRTU Planning Session for APX clients and CAISO market takes place in San Francisco, with record attendance. Clients express overwhelming confidence in APX’s ability to support them through the MRTU transition.

July - California Energy Commission awards Western Renewable Energy Generation Information System (WREGIS) contract to APX for the WECC region. APX becomes the nation’s largest provider of Environmental Registry Solutions.

August - New England Power Pool (NEPOOL) extends its contract with APX for software and services to operate its renewable energy and certificates system.

September - Milestone: APX becomes the largest provider of power market operations services to banks and financial institutions, having served eight of the largest banks

October - APX extends its environmental market infrastructure to handle energy efficiency and conservation certificates for state programs.

February - APX is selected to operate and administer the environmental market infrastructure for the Midwest Renewable Energy Tracking System (M-RETS), supporting Wisconsin, Illinois, Iowa, Manitoba, Minnesota, North Dakota, and South Dakota.

March - APX is selected by Sterling Planet to provide the commodity infrastructure for Sterling Planet and its clients to manage Renewable Energy Certificates (RECs), Energy Efficiency Certificates (White Tags™), and Carbon Offset Credits for its clients.

March - APX partners with The Environmental Resources Trust (ERT) to provide technology and related support for its successful greenhouse gas emissions reduction program - the GHG Registry® Program.

July - APX successfully launches two regional environmental market systems within one week of each other - M-RETS and WREGIS.

July - APX announces intent to deliver software technology and services to support the auction of Emissions Allowances in US environmental markets. States across the US have made auction mechanisms the approach-of-choice to distribute a percentage of their Emissions Allowances to stakeholders in their greenhouse gas (GHG) market implementations.

November - The Gold Standard Foundation Selects APX to Develop and Manage The Gold Standard Registry for project-related carbon offsets 

December - Goldman Sachs signs agreement to become an investor in APX.

January - Brian M. Storms joins APX as Chairman and Chief Executive Officer.

February - New York office opens as APX expanded services for the fast-growing global financial and environmental commodities markets.

March - Carol Browner, former Administrator of the U.S. Environmental Protection Agency, joins APX Board of Directors. Ms. Browner, who has a distinguished career in public service, brings to APX's Board deep expertise in environmental policy, including climate change issues.

April - APX, Inc. develops and operates the infrastructure for the Climate Action Reserve, the greenhouse gas offset project registry originally created by the California Climate Action Registry (CCAR).  The Climate Action Reserve is one of the nation’s leading developers of high quality carbon offset protocols, and a leading provider of verifier accreditation and registry services.

May - The first Gold Standard exchange-traded carbon offset transaction was completed on Climex, a leading carbon spot and auction exchange.  In the transaction, Rabobank purchased Gold Standard Verified Emissions Reductions (VERs) from Tricorona. 

July - The Voluntary Carbon Standard (VCS) Association, the world’s largest volume carbon standard, selects APX to develop and manage a state-of-the-art greenhouse gas transaction registry as well as its central VCS Project Database for carbon offset credits.

August - APX partners with Wiley Publishing, Inc. to publish "Environmental Commodities For Dummies®"

March - APX launches VCS Registry, enabling the issuance, transfer, tracking, retirement and custodial services for VCS carbon credits worldwide.

April - APX launches its new flagship services for nodal power markets with flawless execution and client support in California's major power market transition.

May - APX announces the new APX Environmental Management Account, the first industry offering that provides firms with a single place to manage their entire environmental portfolio - for complete asset and risk management.

June - APX launches the North American Renewables Registry. APX registry systems now provide complete coverage for renewable energy certificate creation, management, transactions and retirement across North America.

September - APX announces two new communications and messaging standards for global environmental markets, the APX Universal Project Number™ (APX UPN) and the APX Environmental Instrument Number™ (APX EIN).

October - APX launches the Michigan Renewable Energy Certification System (MIRECS) to issue, track, and enable retirement of Michigan Renewable Energy Credits (RECs), Advanced Cleaner Energy Credits (ACECs), Michigan Incentive Renewable Energy Credits (IRECs) and Energy Optimization Credits (EOCs) under the state’s Clean, Renewable and Efficient Energy Act.

November - APX launches APX Project Track™ which allows project developers, buyers, and sellers of carbon offsets credits and forwards to efficiently find and share project-related information, documents, and contract information.

January - APX launches support for Missouri’s Renewable Energy Standard (RES) in APX’s North American Renewables Registry, enabling the issuance, transfer, tracking, and retirement and custodial services for Missouri RECs.