Evident
Evident is the world's leading certifier of renewable energy and clean assets, operating global registry infrastructure (notably the I-REC(E) standard) that issues, tracks, and retires attribute certificates for electricity, natural gas, hydrogen, aviation fuel, carbon removal, and biogas across 60+ countries.
- Company typePrivate
- Founded2003
- HeadquartersSheffield, United Kingdom
- Headcount—
- GTM typeB2B
- OfferingSoftware
What Evident does
Evident Group Limited is a UK-incorporated, Sheffield-headquartered certification body and registry operator founded in 2003 to build the I-REC international renewable energy certificate standard. The company operates a global registry platform that issues and tracks attribute certificates across the clean economy, including I-REC(E) for electricity, MiQ for low-methane natural gas, C-Capsule for carbon dioxide removal, Fly-i for sustainable aviation fuel, hydrogen certification, and I-TRACK(G) for biogas and biomethane.
The technical platform is built on a secure virtual ledger that provides permanent, double-layer-verified traceability across the full certificate lifecycle — from creation at the production facility through trading and final retirement — preventing double-counting. Evident runs as an Accredited Code Manager under the International Attribute Tracking Standard set by the I-TRACK Foundation, and has issued over 1 billion I-REC(E)s across 60+ certified countries, serving more than 4,000 participating companies. Distribution is delivered through 29 accredited Issuers across 71 regions and a growing API partner ecosystem.
Evident earns revenue through per-certificate issuance fees, annual Registrant and Participant subscription fees for registry access, and professional advisory services to governments and organizations building environmental markets. Following the November 3, 2025 whole acquisition by Xpansiv Limited — which combines Evident's international registries with Xpansiv's North American Renewables Registry (NAR) and TIGR — Evident operates as a wholly-owned subsidiary while maintaining its independent certification role under I-TRACK Foundation governance.
Evident firmographics
Firmographics- Name
- Evident
- Legal name
- Evident Group Limited
- Website
- https://evident.global
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Short description
- Evident is the world's leading certifier of renewable energy and clean assets, operating global registry infrastructure (notably the I-REC(E) standard) that issues, tracks, and retires attribute certificates for electricity, natural gas, hydrogen, aviation fuel, carbon removal, and biogas across 60+ countries.
- Ownership category
- akta.pro rank
Evident industry classification
Industry- Product category
- Environmental Attribute Certification
- akta.pro primary industry
- REC/GO Certification, Verification & Auditing (EAC Standards) (EUAMAKAB)
- akta.pro secondary industries
- REC/GO Issuance Registries & Tracking Systems (EUAMAKAA), Traceability & Chain-of-Custody Certification (Mass Balance, Segregation, Identity Preserved) (AFALAMAK)
Keywords
Where Evident is headquartered
LocationHeadquarters
- HQ city
- Sheffield
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Evident business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales
Revenue model
- Certificate Issuance Fees: Evident charges fees for issuing I-REC(E) certificates to production facility owners and registrants. This is the primary revenue stream, with over 300 million I-REC(E)s issued through September 2025.
- Registry Services: Annual fees for Participants (traders, market players) and Registrants to maintain accounts on Evident Registries, enabling trading and redemption of certificates.
- Advisory Services: Expert advisory services to governments and organizations for implementing environmental markets, creating compliance frameworks, and adopting certification standards.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Registrant Fees |
| Subscription | Annual | Participant Fees |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Evident product offering
Product offeringCore offering
Evident provides independent certification services for renewable energy and clean assets through its I-REC(E) standard for electricity from renewable sources, MiQ certification for low-methane natural gas, C-Capsule for carbon dioxide removal, Fly-i for sustainable aviation fuel, Hydrogen Certification, and I-TRACK(G) for biogas and biomethane. The company operates the Evident Registries platform—a secure virtual-ledger-based system that serves as the single source of truth for attribute certificates across the full lifecycle from issuance through redemption, supported by a global network of 29 accredited Issuers across 71 regions.
Product overview
Evident offers a unified certification and registry platform for the global Clean Economy. The core offering centers on I-REC(E) for electricity certification and MiQ for natural gas methane certification, with additional products including C-Capsule for carbon removal, hydrogen certification, Fly-i for sustainable aviation fuel, and I-TRACK(G) for biogas and biomethane. These products are supported by Evident's Registries platform—which provides the technical infrastructure for the full certificate lifecycle—and advisory services for governments and organizations. The company operates a global network of Issuers (accredited auditing organizations) across more than 60 countries.
Differentiator
Problem solved
Functional benefit
Brands
- I-REC(E): International Renewable Energy Certificates for electricity, certifying generation from sources including hydroelectric, geothermal, wind, and solar.
- MiQ
- C-Capsule
- Fly-i
- I-TRACK(G)
Products and services
- I-REC(E) (International Renewable Energy Certificates for Electricity) International Renewable Energy Certificates certifying the generation of electricity from sources including hydroelectric, geothermal, wind, and solar, enabling energy companies and consumers to verify the nature and origin of energy purchases.
- MiQ (Methane Intensity) Certification A pioneering quality standard for Independently Certified Gas (ICG) delivered through Evident's partnership with MiQ, providing data to drive change on global methane emissions in natural gas supply chains.
- C-Capsule (Carbon Removal Units) A tradeable carbon certificate for verified Carbon Dioxide Removal (CDR) providing trustworthy universal access to the Voluntary Carbon Market. Carbon Removal Units help organizations meet growing demand for evidence of carbon removal activities as they work toward NetZero targets.
- Hydrogen Certification A global standard for hydrogen certification, validating the nature of hydrogen supplies through transparent and auditable verification of production processes including electrolysis, plasma, and steam methane reforming.
- Fly-i (Sustainable Aviation Fuel Certification) Certification for sustainable aviation fuel, certifying supply from renewable feedstocks including biomass, waste oils, and non-food crops. Helps the aviation industry meet climate goals, align with global objectives, and meet Scope 1 and Scope 3 reporting requirements.
- I-TRACK(G) (Biogas and Biomethane Tracking) An internationally aligned system for tracking environmental attributes of renewable gas (biogas and biomethane), established by Instituto Totum in partnership with Evident and the I-TRACK Foundation. Provides data and infrastructure for transparent reporting, credible claims, and informed decision-making across renewable gas markets.
- Evident Registries The single source of truth for the global Clean Economy, providing secure, independently audited, and globally recognized certificate management across the full certificate lifecycle. Includes double-layer verification process and virtual ledger technology preventing double-counting.
- Advisory Services Expert advisory services helping governments engage with voluntary markets and create compliance markets, working with organizations including MiQ and C-Capsule. Supports adoption of internationally recognized standards while adapting to local requirements.
Quantifiable outcome
- Over 300 GW of capacity tracked through combined Evident-Xpansiv registries
- +3 more outcomes
Companies that use Evident
Customer profileNamed customers14 records
Segments7 records
Ideal customer profiles5 records
Evident technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Evident partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- MiQcoreMiQ (Methane Intelligence) partners with Evident to deliver a pioneering quality standard for Independently Certified Gas (ICG). Evident is the Registry Operator for MiQ Certificates. MiQ is described as the fastest-growing and most trusted methane emissions certification standard, on a mission to certify 100% of the global gas market.
- C-CapsulecoreEvident is a founding partner responsible for the design and delivery of C-Capsule, a tradeable carbon certificate framework for verified Carbon Dioxide Removal (CDR). C-Capsule provides trustworthy, universal access to the Voluntary Carbon Market. CRUs (Carbon Removal Units) help organizations meet NetZero targets.
- I-TRACK FoundationcoreThe I-TRACK Foundation sets the International Attribute Tracking Standard. Evident operates as an Accredited Code Manager under the Foundation's standards. Evident's founders played a leading role in establishing the Foundation. This governance structure ensures transparency and market integrity.
- Instituto TotumcoreInstituto Totum partnered with Evident and the I-TRACK Foundation to establish Global Gas Tracking (GGT), delivering I-TRACK(G) - an internationally aligned system for tracking environmental attributes of renewable gas (biogas and biomethane).
- Global Gas Tracking (GGT)coreGGT was established by Instituto Totum in partnership with Evident and the I-TRACK Foundation to deliver I-TRACK(G), providing data and infrastructure for transparent reporting, credible claims, and informed decision-making across renewable gas markets.
- Roundtable on Sustainable Biomaterials (RSB)minorEvident is a member of RSB, a global multi-stakeholder initiative that develops standards for biomaterials and bioenergy. RSB certification ensures sustainable feedstock sourcing for aviation fuels.
- GCC (The Green Certificate Company)coreGCC is one of the world's foremost attribute certificate experts, issuing I-REC(E)s in over 20 regions. Based in Sheffield (same as Evident), GCC is designated as the Central Issuer permitted to provide services in any region where Evident Service is available, except where another Issuer is exclusively designated.
- RE100minorEvident's certification services are trusted by organizations meeting commitments to RE100 (100% renewable electricity). RE100 is a global corporate renewable energy initiative bringing together major companies committed to 100% renewable electricity.
Scale indicators8 records
Recent moves5 records
Expansion highlights6 records
Evident competitors and assessment
Company assessmentDirect peers
- Gold Standard: Gold Standard certifies carbon credits and increasingly renewable energy and clean cooking projects. Comparable as a voluntary certification body setting standards for environmental attributes and operating parallel registries.
- Xpansiv: Xpansiv operates the North American Renewables Registry (NAR) and Tradable Instrument for Global Renewables Registry (TIGR), and is now Evident's parent company following the November 2025 acquisition. Most direct peer — same renewable energy certificate registry business, complementary geographies.
- Verra: Verra operates the Verified Carbon Standard and Gold Standard-adjacent registries for carbon credits. Comparable as a global standard-setter and registry operator in voluntary environmental attribute markets, with increasing overlap via CDR/certificates.
- Green-e (Center for Resource Solutions): Green-e certifies renewable energy certificates in the United States and Canada, providing consumer-facing REC certification. Directly comparable as a voluntary REC certification standard and competitor for North American market share.
- APX: APX is a registry infrastructure provider for environmental attributes including renewable energy certificates, carbon credits, and energy efficiency certificates. Comparable as a technology platform for tracking and trading RECs, with overlap in North American markets.
Regional players
- M-RETS: Midwest Renewable Energy Tracking System issues and tracks renewable energy certificates in North America. Comparable as a regional REC tracking system, mainly serving the United States and Canada, complementing Evident's international footprint.
- RECS International: RECS International is the European umbrella association for Guarantees of Origin (GO) issuers. Comparable as a regional equivalent of I-REC(E) for the European market, where Evident does not operate.
Emerging players
- EnergyTag: EnergyTag is an industry initiative developing hydrogen certification standards based on Guarantees of Origin. Comparable as a competing clean fuel certification standard, particularly relevant given Evident's hydrogen product launch.
- Powerledger: Powerledger offers blockchain-based energy attribute tracking and renewable energy certificate platforms. Comparable as an emerging technology-enabled alternative to traditional REC registries, with potential to disintermediate Evident's centralized model.
Others
- RSB (Roundtable on Sustainable Biomaterials): RSB is a global multi-stakeholder initiative developing sustainability standards for biomaterials and bioenergy, including aviation fuel certification. Adjacent peer — Evident is an RSB member and offers the Fly-i sustainable aviation fuel certificate that aligns with RSB certification.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks7 records
Key highlights7 records
Customer concentration
Evident social profiles
Digital presenceEvident financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evident leadership team
Management profileNumber of profiles
Profiles1 record
Evident funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evident 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 Evident
What does Evident do?
Evident provides independent certification services for renewable energy and clean assets through its I-REC(E) standard for electricity from renewable sources, MiQ certification for low-methane natural gas, C-Capsule for carbon dioxide removal, Fly-i for sustainable aviation fuel, Hydrogen Certification, and I-TRACK(G) for biogas and biomethane. The company operates the Evident Registries platform—a secure virtual-ledger-based system that serves as the single source of truth for attribute certificates across the full lifecycle from issuance through redemption, supported by a global network of 29 accredited Issuers across 71 regions.
Is Evident a public or private company?
Evident is a private company. It is classified as corporate owned and is currently operating.
When was Evident founded?
Evident was founded in 2003.
Where is Evident based?
Evident is headquartered in Sheffield, United Kingdom, in the Europe region.
How does Evident make money?
Three revenue lines are on record. Certificate Issuance Fees are the primary driver. The others are registry Services and advisory Services.
Who are Evident's main competitors?
Direct peers on record are Gold Standard, Xpansiv, Verra, Green-e (Center for Resource Solutions) and APX. Regional players are M-RETS and RECS International. Emerging players are EnergyTag and Powerledger. RSB (Roundtable on Sustainable Biomaterials) is listed as an others.
Does Evident have an API?
Yes. Evident Registries are developed with accessible APIs that allow customers to easily integrate with back-office systems and reporting tools. Through these APIs, Evident also supports a rapidly growing ecosystem of technology partners who provide a range of tracking and reporting services, marketplaces, and exchanges. The APIs are built around a unique, secure virtual ledger technology.
What industry is Evident in?
Evident's product category is Environmental Attribute Certification. Its primary akta.pro industry code is EUAMAKAB, REC/GO Certification, Verification & Auditing (EAC Standards), with a secondary code of EUAMAKAA, REC/GO Issuance Registries & Tracking Systems.