The Arab Energy Fund, formerly known as APICORP, has announced the launch of the TAEF Hartree Cleantech LP, a $120 million Limited Partnership with Hartree Partners, a global energy and commodities firm. The initiative aims to accelerate investment in decarbonization technologies, reinforcing the Fund’s commitment to sustainable energy solutions across the MENA region and beyond.
Incorporated in the UK, the newly established investment platform will focus on venture capital (VC) stage companies, leveraging market insights and research to identify and support entrepreneurs in physical and digital decarbonization technologies. The partnership aligns with the Arab Energy Fund’s strategy to enhance the energy value chain while promoting energy security and sustainability in its member countries.
Hartree Partners, through its subsidiary Vertree Partners (Vertree), has been investing in cleantech innovations since 2020, with a focus on carbon markets, industrial decarbonization, emissions verification, and climate adaptation technologies. The company has built a portfolio of ten cleantech investments in collaboration with leading investors such as BlackRock, Microsoft, and Union Square Ventures.
Commenting on the launch, Khalid Ali Al-Ruwaigh, CEO of The Arab Energy Fund, stated:
“This initiative strengthens our ability to support the energy ecosystem with debt and equity solutions while advancing the energy agendas of our member countries. By fostering the local energy value chains in the MENA region and beyond, we aim to drive sustainable transformation.”
Stephen Hendel, Founding Managing Director of Hartree Partners, added:
“We are proud to partner with The Arab Energy Fund in this initiative. Our combined expertise will enable us to source, evaluate, and support cutting-edge cleantech innovations globally.”
The TAEF Hartree Cleantech LP platform is designed to scale investments in innovative decarbonization solutions, further positioning The Arab Energy Fund as a global leader in sustainable energy financing. The collaboration aims to expand the platform’s scope, targeting new investments in companies driving the energy transition and climate-focused technological advancements.
