Bluesource & Element Markets are Combining to Form a Global Decarbonization Platform Backed by TPG Rise
Bluesource, LLC, the largest carbon credit developer in North America, and Element Markets, LLC, 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.