Press release

Trafigura acquires majority stake in power trading platform Energy Renaissance LLC

Published on2 Dec 2021

Houston, 2 December 2021 – Trafigura US Holdings, Inc, a wholly-owned, U.S. indirect subsidiary of Trafigura Group Pte Ltd, one of the world’s leading independent commodity trading companies, has acquired a majority share in power trading platform Energy Renaissance LLC.


Energy Renaissance was established by privately held company Denver Energy Group LLC (DEG), a technology-driven power trading business. DEG’s team of highly skilled trading personnel utilises a suite of proprietary technology to focus on short term US power markets. Trafigura Group’s stake in the Energy Renaissance platform advances current trading capabilities with the addition of predictive technology, specialized custom applications, and refined proprietary processes to collect data, analyse information, identify trading strategies, and execute trades.


The new joint venture will accelerate Trafigura’s entry in North American ISO (independent system operator) markets and contribute to the growth of the Group’s power and renewables division, complementing existing trading capabilities in the US and European markets. The business is developing services that will help the electricity market as it shifts rapidly from reliance on fossil fuels to renewable energy sources such as wind and solar power. Trafigura’s expertise in risk and price management will help utilities and renewable power producers adapt to a new world of fluctuating supply.



For further information, please contact:
Trafigura Press Office: +41 (0) 22 592 45 28 or


About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. Trafigura sources, stores, transports and delivers a range of raw materials (including oil and refined products and metals and minerals) to clients around the world and has recently established a power and renewables business division.


The trading business is supported by industrial and financial assets, including a majority ownership of global zinc and lead producer Nyrstar which has mining, smelting and other operations located in Europe, Americas and Australia; a significant shareholding in global oil products storage and distribution company Puma Energy; global terminals, warehousing and logistics operator Impala Terminals; Trafigura’s Mining Group; and Galena Asset Management.


With circa. 850 shareholders, Trafigura is owned by its employees. Over 8,500 employees work in 48 countries around the world. Trafigura has achieved substantial growth over recent years, growing revenue from USD12 billion in 2003 to USD147 billion in 2020. The Group has been connecting its customers to the global economy for more than two decades, growing prosperity by advancing trade.