Element Markets and Bluesource Formally Merge to Create Anew™
June 14, 2022 (Houston, TX; Salt Lake City, UT): Element Markets and Bluesource announced a new brand name today, Anew™, forming one of the largest climate solutions companies in North America. The name signifies the unification of two leaders in environmental credit marketing and origination that joined forces through a merger in February this year. The combined company, backed by TPG Rise and NGP, offers an unparalleled scope of services to a broad and diverse international client base that includes Fortune 50 companies and hundreds of other public and private organizations.
As part of the new brand launch, Anew is introducing "Climate as a Service” – an approach that offers companies and organizations a seamless solution to navigating the increasingly complex landscape of environmental responsibility.
Climate as a Service (“CaaS”) will allow organizations to align their goals for climate impact with actionable next steps. CaaS provides stakeholders access to a comprehensive portfolio of carbon reduction solutions including advisory services, carbon credits generated by nature-based solutions and other greenhouse gas reducing projects, renewable natural gas (RNG), renewable energy credits, electric vehicle credits, emission credits, and capital formation and deployment strategies. The approach will be usable by practitioners from sustainability departments to the corporate suite.
“We are providing real-world solutions for the real-world problem of climate change,” said Angela Schwarz, CEO of Anew. “The industrial revolution, while unprecedented in advancing positive social and economic change, has failed to properly account for the very real and negative impact on the planet and the climate. We need to rapidly deploy strategies and solutions to reverse our present course.”
Anew is a leader in all aspects of climate mitigation with best-in-class experience and service offerings. Since inception of its legacy companies, Anew has transacted over 150 million tonnes of carbon, has provided more than 240 million diesel gallons equivalent of renewable fuels for transportation and has developed projects on over 3.5 million acres of forest and farmland. The company’s activities amount to the emissions avoidance of 539 million solar panels generating power for an entire year.
Anew is leading new ventures in the environmental sector including electric vehicles, carbon capture, utilization, and storage (CCUS), and emerging technologies. Anew’s capital formation and deployment segment allows the Company to utilize its deep experience and expertise to fund climate-related projects and accelerate climate action.
Anew’s name and brand aligns with its stated mission to “make the highest and best use of the skills, capabilities, experiences and influence we possess to enable the greatest positive impact on climate.” The name reflects not only a fresh outlook, but optimism in the unified company’s ability to lead a market-driven response to the defining challenge of our time.
“TPG Rise is proud to back Anew as it becomes a full service, first of its kind provider of comprehensive carbon reduction solutions,” said Marc Mezvinsky, Business Unit Partner in TPG Rise and member of Anew’s Board of Directors. “Climate solutions like carbon credits are an integral part of the decarbonization strategies underway at companies and organizations around the world. Anew will continue to be a trusted partner for those organizations and play a critical role in enhancing the origination process and marketplace for a broad range of environmental credits.”
Anew has offices in Houston, TX; Salt Lake City, UT; and Calgary, Alberta, as well as San Diego, Los Angeles, San Francisco, Washington, D.C., Toronto, and Budapest, Hungary. The company’s new website address is www.anewclimate.com and the full integration of the two legacy companies is expected to be complete by the end of 2022.