Blue Source

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.

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

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

• Carbon offset development
• Greenhouse gas reduction
• Carbon credit marketing
• Emissions reduction projects
• Voluntary carbon market

Headquarters

HQ city

Salt Lake City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Core 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

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves1 record

Direct 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

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Blue Source