Emerald welcomes Taranis Investment in its energy fund as a limited partner

Zürich, Switzerland: Taranis Investment (Taranis) has joined Emerald’s energy fund as a limited partner. The collaboration aims to help Taranis, the investment and asset management arm of Perenco, make inroads into new technologies along the energy transition value chain as it implements its climate goals.

Perenco, a privately owned oil and gas company, has outlined climate targets that include a 45% reduction in scope-one greenhouse gas (GHG) emissions by 2030, compared with 2023 levels. It aims to accomplish this via several steps, including:

  • Modernization and optimization of current and new oil wells, including drawing up decarbonization blueprints ahead of any future acquisition
  • Prioritizing production of less GHG intensive gas over oil
  • Reducing methane leaks, venting and flaring from gas infrastructure
  • Employing renewable energy to power operations

Perenco are also currently involved in two CCS projects: Poseidon and Orion. Both would see carbon dioxide injected into undersea gas fields off the UK coast and aim to commence operations in 2029 and 2031, respectively. Ultimate storage capacity is expected to be 40 million tonnes per annum at Poseidon and six at Orion.

As part of this push, Taranis Investment has formed a €200 million venture capital fund, Taranis Carbon Ventures. The fund focuses on investing in technology startups in the fields of CCUS, and plastic recycling (collection, sorting as well as chemical recycling).

Emerald has extensive experience sourcing deals with next-generation energy startups on behalf of its LPs. Emerald’s diverse global LP roster includes Chevron, Sasol and Suncor. Emerald portfolio companies include key energy players, from advanced battery material companies, to wind power innovators, to sustainable e-fuels pioneers. One of Emerald’s portfolio companies, SpotLight, already has a partnership with Taranis. The partnership focuses on helping CCUS companies monitor storage sites.

About Emerald Technology Ventures

Emerald is a globally recognized venture capital firm founded in 2000, that manages and advises assets of over €1 billion from its offices in Zurich, Toronto and Singapore. The firm invests in start-ups that tackle big challenges in climate change and sustainability, with 4 current funds, hundreds of venture transactions and four third-party investment mandates, including loan guarantees to over 100 start-ups.

This is Emerald.

Bold Ideas. Bright Future.  www.emerald.vc


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About Taranis Investment

Taranis is an investment and asset management company owned by the Perenco Group.  With sustainable development at its core, Taranis currently operates four distinct funds. These include; Taranis Carbon Ventures, a VC fund investing in technologies to accelerate carbon circularity; Taranis Energy for Africa, focused on power and renewable projects to improve access to energy; Taranis Decommissioning Fund, entailing ESG compliant investments to pre-finance the decommissioning of Perenco’s oil & gas facilities; and Taranis Nature Based Solutions, for preserving or improving the carbon absorption of different ecosystems.

For more information, or to contact Taranis, please visit www.taranis.eu