Prosperity
Investments
Introduction
Having achieved our ambition to allocate 50% of investments to energy transition-related activities ahead of schedule, we continue to use this as a guiding benchmark. Today, our focus is on balancing investment across energy security, affordability and sustainability, ensuring that capital is directed to areas where it can deliver both commercial value and system-wide impact.
An ARC marine Reef Cube manufactured from marine-friendly materials that are kind to the environment and a design that enhances biodiversity.
Mercuria’s investment activity spans a wide range of sectors and structures, including direct investments, strategic partnerships and long-term offtake and financing arrangements.
Our investments are focused across several key areas:
- Energy and infrastructure – including LNG supply and infrastructure development, power generation and energy logistics
- Critical metals and minerals – including copper and cobalt supply chains and strategic partnerships to support responsible sourcing
- Technology and industrial solutions – including collaborations to scale trading, supply chain solutions and industrial capacity
- Nature and biodiversity – including Silvania and broader investment in nature-based solutions
Together, these areas reflect the breadth of Mercuria’s investment activity and our role in supporting established markets while contributing to the evolution of global energy and commodity systems, building resilience and supporting improved sustainability.
Investment approach
Mercuria’s investment approach combines capital deployment with market expertise, operational capability and disciplined risk management. We invest where we can add value—through structuring, financing, supply chain integration, market access and long-term commercial partnerships—rather than acting as a passive financial investor.
Our activities span direct equity investments, infrastructure and asset ownership, offtake agreements, structured financing and joint ventures. This flexibility allows us to support both established markets and their ongoing evolution, while building resilience and supporting more sustainable outcomes across global energy and commodity systems.
The scale of transformation required across energy supply, land, food and water, settlements and infrastructure, and industry is set out clearly in the UN’s Intergovernmental Panel on Climate Change (IPCC)’s Synthesis Report for the Sixth Assessment Report. (AR6) ⇗
Mercuria’s investment activity reflects these priorities by deploying capital across energy systems, materials, industrial processes, infrastructure and natural ecosystems.
Energy and infrastructure
Our activity in this area includes long-term LNG supply and purchase agreements and broader participation in LNG and gas value chains, alongside partnerships to develop generation capacity and infrastructure. These activities support energy security and market stability, while also creating the foundation for the integration of lower-carbon solutions over time. Alongside these core activities, Mercuria also invests in companies and platforms contributing to system evolution, including CWP in renewable generation, Fervo Energy in geothermal power and, in adjacent energy systems, Pretoria Energy in renewable fuels and The Mobility House in electric mobility and grid integration.
Critical metals and minerals
This includes direct engagement in cobalt and copper supply chains in the Democratic Republic of the Congo, including partnerships with Entreprise Générale du Cobalt (EGC) to support more formalised and responsible sourcing of artisanal production. We have also entered into joint venture arrangements with Gécamines and supported the export and commercialisation of copper and cobalt from the region, helping to connect production to international markets.
Beyond the DRC, Mercuria has supported the development of metals trading and supply platforms, including the establishment of a Zambian metals trading company in partnership with the Industrial Development Corporation (IDC). These initiatives strengthen regional value chains while improving access to global markets.
Our activities also extend to structured offtake and financing arrangements with producers, including copper concentrate partnerships in South America and Europe. Through these arrangements, we provide the commercial certainty and capital required to support production, while ensuring integration into functioning markets.
At a broader level, Mercuria participates in initiatives aimed at strengthening critical minerals supply chains, including collaboration with export credit agencies such as EXIM through programmes like Project Vault. These efforts support the development of more resilient and diversified supply chains for materials that are essential to the global economy.
Alongside these activities, we invest in companies that support the processing and recovery of critical materials, including REEtec in rare earth separation and Nth Cycle in metal recovery from waste streams. Together, these investments and partnerships reflect a comprehensive approach to critical materials that spans production, processing, recycling and market access.
Technology and industrial solutions
Mercuria invests in technologies, platforms and industrial solutions that improve efficiency, create new market capabilities and reduce environmental impact across value chains.
This includes alternative fuels and circular industrial solutions through N+P, marine eco-engineering through ARC Marine, and broader innovation and entrepreneurship platforms such as UpLink & 1t.org. In practical terms, these investments and partnerships support industrial decarbonisation, energy storage, nature-positive engineering and the development of scalable solutions that can be integrated into existing systems rather than remaining at pilot stage.
These activities reflect a focus on enabling technologies that improve how markets function in practice—supporting more efficient, transparent and resilient supply chains.
Nature and biodiversity
Mercuria’s investment activity also extends to natural systems, recognising their role in supporting both environmental stability and economic activity.
Through platforms such as Silvania, we invest in projects that protect, manage and restore ecosystems, support biodiversity and generate high-integrity environmental products. These investments are designed to mobilise capital at scale while delivering measurable outcomes across climate, nature and communities.
This includes projects across forestry, agriculture and land use, supporting carbon sequestration, biodiversity enhancement and sustainable resource management. By combining investment with local partnerships and technical expertise, these initiatives contribute to both environmental outcomes and long-term economic value.
In parallel, Mercuria participates in environmental markets, supporting the development of carbon and biodiversity-related products that help channel capital towards nature-based solutions. This reflects a broader recognition of nature as a critical component of global economic systems.
Together, these activities support the protection and sustainable management of natural systems while contributing to the development of scalable, investable solutions across environmental markets.
A systems wide approach
Within these core areas, Mercuria’s investments support a range of themes that reflect how these systems are evolving. We allocate capital across a diverse set of sectors where we see long-term demand, structural change and the opportunity to apply our market expertise effectively:
Renewable Energy
Solar, wind, geothermal, and other clean energy sources power a sustainable future.
Click to learn more about CWP.
Low-carbon fuels
Biofuels, hydrogen, and other alternatives offer cleaner solutions for transportation and industry.
Click to read more about Pretoria Energy.
Critical minerals and metals
These resources are essential for building the infrastructure of a low-carbon world.
Click to read more about REEtec.
Green and electric mobility
Electric vehicles, charging infrastructure, and sustainable transportation solutions are key to reducing emissions.
Click for more information about The Mobility House.
Batteries and energy storage
Efficient storage is crucial for integrating renewable energy into the grid.
Read more about Connected Energy and Black Bayou, companies Mercuria invested in.
Low-carbon fuels
Low-carbon technology and innovation: We support cutting-edge solutions that accelerate progress towards a sustainable future.
Click to read more about UPlink & 1T.org.
Climate, agriculture, and nature-based solutions
Protecting ecosystems and promoting sustainable land use are vital for mitigating climate change.
Click to for our Silvania partner profile.
By deploying capital across energy, materials, infrastructure and natural systems, we support the continued functioning of global markets while enabling their evolution over time. This reflects our role in balancing energy security, affordability and sustainability, and our focus on building resilient, efficient and adaptable systems for the future.
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