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 (MISO) region, in tandem with MISO’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 VER Registry for project-related carbon offsets 

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