Bluesource & Element Markets are Combining to Form a Global Decarbonization Platform Backed by TPG Rise

Merger creates one of the world’s largest climate-focused companies dedicated to rapid deployment of carbon reduction projects and services

February 23, 2022 – Bluesource, LLC (“Bluesource”), the largest carbon credit developer in North America, and Element Markets, LLC (“Element Markets”), a leading renewable natural gas marketing and environmental commodities company, today announced that they are merging to form a combined entity under majority ownership by TPG Rise, a global impact investing platform managed by alternative asset firm TPG. TPG Rise’s investment comes through a significant new commitment from TPG Rise Climate and additional investment from The Rise Fund following its acquisition of Element Markets in January 2021. NGP ETP, the energy transition investment platform of NGP Energy Capital Management, joined TPG Rise in the transaction.

Together, Element Markets and Bluesource will create the largest marketer and originator of carbon and environmental credits in North America and one of the largest in the world. The combination brings together Element Markets’ leading position in low carbon fuels and greenhouse gas markets with Bluesource’s expertise in nature-based solutions, project development, capital formation, and advisory services to create a vertically integrated climate-focused company that serves all sectors and geographies to accelerate the fight against climate change and environmental degradation.

Read the full press release here. 

Angela Schwarz, CEO of the newly combined entity

“Uniting Bluesource and Element Markets represents the realization of our shared vision to achieve a decarbonized future through quality, trust, and accountability in our environmental products and services. Environmental action cannot wait, and as a combined firm we are positioned as the global leader in driving integrated climate solutions for public and private organizations around the world.”

– Angela Schwarz, CEO of the newly combined entity

What our clients can expect

As industry leaders with deep experience and a shared understanding of the power of markets to drive change, we are confident that together Element Markets and Bluesource will build on already strong foundations to offer unrivaled quality and breadth of service that helps you achieve your sustainability goals while maximizing the value of your participation in environmental markets.

You can be confident in uninterrupted service excellence, and we look forward to continuing to serve you with the same exceptional partnership, responsiveness, and innovation that have been our hallmarks. If you have questions, please reach out to your regular Element Markets point of contact – we are ready to help. We are immensely grateful for all we have accomplished together and eager to meet the opportunities of the road ahead.