Blue Source
Blue Source is a Salt Lake City-based carbon offset developer and marketer founded in 2001. It historically developed and marketed greenhouse gas offset products via the ghgworks.com domain. The company appears largely dormant based on the absence of recent funding, customer, or operational signals.
- Company typePrivate
- Founded2001
- HeadquartersSalt Lake City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Blue Source does
Blue Source is a privately held for-profit company founded in 2001 and headquartered in Salt Lake City, Utah, that operates as a carbon offset developer and marketer. The company is described as working in the voluntary carbon market space, developing and marketing greenhouse gas (GHG) offset products, as indicated by its former primary web domain, ghgworks.com. The headcount band is listed at 11–50 employees.
The business model, pricing structure, customer segments, and product portfolio are not documented in the available data. No revenue, contract terms, customer logos, management team details, or technology stack information are present. The only capital markets event on record is a funding event on 2008-08-19 (described as round 4) with $0 disclosed raised and unknown investors, indicating the company has not attracted meaningful venture or growth capital in the public record for over 16 years.
A material concern is the current status of the company's primary web asset: ghgworks.com is listed for sale on Domain Coasters, a third-party domain marketplace. This, combined with the absence of any recent operational signals (no products, no customers, no team, no recent funding), strongly suggests the entity is either dormant, wound down, or otherwise no longer operating as a going concern. The input data does not support a determination of current operating status.
Blue Source firmographics
Firmographics- Name
- Blue Source
- Website
- http://www.ghgworks.com
- Company type
- Private
- Founded year
- 2001
- Headcount range
- 11–50 employees
- Short description
- Blue Source is a Salt Lake City-based carbon offset developer and marketer founded in 2001. It historically developed and marketed greenhouse gas offset products via the ghgworks.com domain. The company appears largely dormant based on the absence of recent funding, customer, or operational signals.
- Ownership category
- akta.pro rank
Blue Source industry classification
Industry- Product category
- Carbon Offset Development and Marketing
- SIC
- Forestry (800)
- akta.pro primary industry
- Project-Originated Carbon Credit Marketing & Offtake (Primary Market) (EUAGAIAC)
- akta.pro secondary industries
- Nature-Based Credits Trading (Forestry/REDD+, Soil Carbon, Blue Carbon) (EUAGAIAK), Carbon Credit Brokerage & Trading (Spot, Forward, Structured Products) (EUABADAB)
Keywords
Where Blue Source is headquartered
LocationHeadquarters
- HQ city
- Salt Lake City
- HQ country
- United States
- HQ region
- North America
Markets served
Blue Source business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales
Blue Source product offering
Product offeringCore offering
Blue Source develops and markets carbon offsets originating from greenhouse gas emission-reduction and removal projects. The company originates, validates, and registers projects under recognized carbon standards and then sells the resulting verified carbon credits to corporate and institutional offset buyers in the voluntary carbon market.
Differentiator
Problem solved
Functional benefit
Products and services
- Carbon Offset Development Services
- Carbon Credit Marketing and Sales
Companies that use Blue Source
Customer profileIdeal customer profiles1 record
Blue Source technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Blue Source partnerships and signals
Strategic signalRecent moves1 record
Blue Source competitors and assessment
Company assessmentDirect peers
- South Pole Group: Global carbon offset developer and marketer offering project development, advisory, and trading across nature-based and tech-based credits; directly comparable business model to Blue Source as an originator and primary-market seller of offsets.
- 3Degrees: U.S.-based carbon offset and renewable energy solutions provider that develops, aggregates, and markets environmental commodities to corporate buyers; closely mirrors Blue Source's developer-and-marketer positioning in the voluntary carbon market.
- Carbon Growth Partners: Specialist in REDD+ and nature-based carbon project development and credit origination; directly comparable to Blue Source's likely forestry-and-nature-based project portfolio.
- Finite Carbon: U.S.-based developer of forest carbon offset projects that aggregates landowner acreage, develops VCS-compliant projects, and sells credits to corporate buyers; highly comparable originator-and-marketer model.
Emerging players
- Pachama: Technology-driven carbon credit marketplace connecting corporate buyers to forestry and nature-based projects using satellite MRV; competes with Blue Source for nature-based credit origination and primary-market placement, with a more digital-native distribution model.
- NCX (Nori): Marketplace platform focused on nature-based soil and forestry carbon credits with digital verification; partial overlap with Blue Source on the buyer-facing, project-aggregation side of the market.
- Sylvera: Carbon credit ratings and analytics provider that assesses project quality for offset buyers; overlaps with Blue Source's buyer-side value proposition by helping purchasers evaluate project-grade credits in the same primary market.
Others
- Verra: Operator of the VCS Program, the dominant standard and registry for voluntary carbon credits; ecosystem participant whose rules directly shape demand for Blue Source's originated credits.
Market position
Strengths3 records
Weaknesses4 records
Competitive moat2 records
Key risks4 records
Key highlights3 records
Customer concentration
Blue Source financial estimates
Financial estimateRevenue estimate
Valuation estimate
Blue Source leadership team
Management profileNumber of profiles
Blue Source funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Blue Source M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Blue Source
What does Blue Source do?
Blue Source develops and markets carbon offsets originating from greenhouse gas emission-reduction and removal projects. The company originates, validates, and registers projects under recognized carbon standards and then sells the resulting verified carbon credits to corporate and institutional offset buyers in the voluntary carbon market.
When was Blue Source founded?
Blue Source was founded in 2001. It employs 11 to 50 people.
Where is Blue Source based?
Blue Source is headquartered in Salt Lake City, United States, in the North America region.
Who are Blue Source's main competitors?
Direct peers on record are South Pole Group, 3Degrees, Carbon Growth Partners and Finite Carbon. Emerging players are Pachama, NCX (Nori) and Sylvera. Verra is listed as an others.
Does Blue Source have an API?
No public API is recorded for Blue Source.
What industry is Blue Source in?
Blue Source's product category is Carbon Offset Development and Marketing. Its primary akta.pro industry code is EUAGAIAC, Project-Originated Carbon Credit Marketing & Offtake (Primary Market), with a secondary code of EUAGAIAK, Nature-Based Credits Trading (Forestry/REDD+, Soil Carbon, Blue Carbon). Its SIC code is 800.