We are advancing a diverse portfolio of sustainable initiatives, including solar, wind, battery storage, renewable natural gas (RNG), electric vehicles (EVs) and carbon credits, while utilising the strengths of our trading expertise.
Drawing on our expertise in managing commodity-related and other risks, along with our understanding of global energy markets, we create value by mitigating risks during the development phase of renewable projects. We connect emerging supply chains with limited capital resources and ensure dependable market access for environmental products, having committed $2.5bn+ to sustainable projects since 2018.
2024 highlights
- Traded 140+ mtCO2e high-quality carbon credits (e.g. EUAs, THGs, Gold Standard verified credits).
- A 2 GWh Material Supply Agreement was completed by VC Renewables and FlexGen to provide energy storage solutions.
- Supported the electrification of truck charging depots through WattEV, which opened an electric truck charging depot in Bakersfield, California, featuring solar power, battery storage, and a high-speed Megawatt Charge System (1.2 MW), enabling rapid charging comparable to traditional truck rest stops.
- Nurtured a growing portfolio of renewable natural gas projects, with 450+ GWh across eight states in the US, including four assets under construction.
CapEx spent
$2.5bn+
Renewable power generation capacity
Operational
Gross
1.2 GW
Net
0.5 GW
Under construction
Gross
3+ GW
Net
1+ GW
Advancing biogas solutions
Participating in biogas development and distribution across global markets.
Biogas is playing a role in the transition to renewable energy by offering an alternative to natural gas. For example, methane, a greenhouse gas that is more potent than CO₂, is a byproduct of landfill sites and animal waste. Capturing and utilising this gas not only mitigates its environmental impact but also provides a renewable energy source for sectors like heavy trucking and shipping, which are difficult to decarbonise. We are supporting biogas innovation by leaning on our expertise to develop biogas solutions across the global value chain. In the United States, we are building gas collection facilities at landfill sites, capturing methane and converting it into power for the grid. In Europe, through ViGo bioenergy, we are investing in biogas digesters to produce high-quality biomethane, which fuels a growing network of bioLNG and bioCNG refuelling stations across the UK and Europe. These initiatives are helping to reduce greenhouse gas emissions while supporting sustainable transport and energy systems. The rapid expansion of road fuel mandates, along with the introduction of biofuel requirements in emerging sectors such as marine and aviation, is significantly increasing the demand for bio-based energy solutions. Additionally, the use of biofuels in stationary applications, such as power and heat generation within the industrial sector, is now widely recognised as an effective method for reducing emissions. As such, we are focusing on scaling production and expanding distribution networks across various regions to meet these evolving and increasing demands.