Our Strategy

Natural gas has enabled significant decarbonization both domestically and globally for the last decade. It is the lowest-carbon hydrocarbon. Growth in natural gas demand, primarily as a fuel source for electricity generation, has come at the expense of coal.

Our view is that domestic and global demand will continue to grow. Natural gas is cleaner, cheaper, and more abundant than other fuel sources. These attributes continue to make it a practical solution for decarbonization within the global energy mix. We believe that natural gas also has the unique ability to replace other energy sources for a wide variety of applications, displacing other fuels.

Targeted investment opportunities within the Natural Gas Value Chain include fuel switching (CNG, LNG and RNG), natural gas flare capture and utilization, gathering, processing and distribution, and stranded gas utilization including chemical and methane production.

Infrastructure is required to produce, process, and deliver lower carbon energy solutions from the point of production to the end consumer. These energy sources may include natural gas (CNG, LNG and RNG), electricity, and hydrogen.

Infrastructure and infrastructure services are required to decarbonize industrial processes and to create lower carbon chemicals, materials, and products. Investment opportunities include infrastructure related to the natural gas value chain, virtual (last mile) pipeline infrastructure for RNG, CNG, LNG and hydrogen, electric power related infrastructure, and infrastructure related to last mile logistics.

Electrification of energy demand allows for practical decarbonization over time. For example, while gasoline-fueled passenger vehicles will always produce carbon, electric vehicles should produce less carbon over time as the energy sources generating electricity gradually decarbonize. We consider three segments of electrification: production, transmission, and consumption. We invest in all three.

Targeted investment opportunities include distributed power/microgrids, smart grid systems, substations, transformers and related services, chargers, electric powertrains, and other enablers of electricity for transportation, energy storage systems, and products, services, and solutions to expand and improve grid capacity, flexibility, and resiliency.

Environmental management systems focus on greenhouse gases (GHG), including methane (natural gas) emissions. Methane leaks are a potent GHG.

For many years, energy and energy-intensive industries relied on estimates of GHG emissions for reporting purposes. This is no longer sufficient to meet more stringent regulatory, financial, customer, and corporate reporting requirements. Carbon-intensive industries need quantifiable emissions data. Companies that can provide proof of lower GHG emissions should not only be able to meet tighter regulatory requirements, but also be able to sell their product for a higher price.

This shift from estimates to proven data creates opportunities. Targeted investment themes include regulatory and compliance consulting and reporting, as well as equipment and software to monitor, quantify, mitigate and capture GHG’s and other emissions.