INVESTMENT ROADMAPS

Turn analysis intoa sequence of decisions.

We help industrial businesses translate decarbonisation priorities into phased investment programmes — connecting capital, asset lifecycles, infrastructure and technology readiness over time.

Discuss your investment roadmap

Investment planning for long-lived, capital-intensive industrial assets.

Large industrial facility representing a phased investment roadmap

THE CHALLENGE

The destination may be clear.The sequence rarely is.

Industrial transitions require multiple investments across assets, sites and enabling infrastructure — often over decades.

The challenge is deciding what to fund now, what must happen first, which investments depend on external conditions and where flexibility should be preserved.

What happens first?

Identify no-regret actions and investments that unlock later stages of the transition.

Where should capital go?

Prioritise initiatives across sites, technologies and competing business requirements.

What depends on what?

Map infrastructure, technology, operational and commercial dependencies.

When should we commit?

Align major investments with asset replacement cycles and the conditions required for deployment.

FROM OPPORTUNITIES TO CAPITAL

Build a programmethe business can execute.

Investment Portfolio

What should we invest in?

Translate the decarbonisation opportunity set into a structured portfolio of potential capital initiatives.

  • Initiative definition
  • Investment requirements
  • Emissions impact
  • Business value
  • Technical readiness
  • Strategic importance

Capital Prioritisation

Where should capital go first?

Compare initiatives on a consistent basis to establish which investments deserve priority and which should remain options.

  • CAPEX requirements
  • Abatement impact
  • Economics
  • Implementation complexity
  • Strategic value
  • Risk

Asset & Site Sequencing

When should each investment happen?

Align interventions with existing asset lifecycles, planned shutdowns, site constraints and wider capital programmes.

  • Asset replacement cycles
  • Site readiness
  • Planned maintenance
  • Production constraints
  • Infrastructure timing
  • Technology availability

Dependencies & Decision Points

What needs to happen before we commit?

Identify the external conditions and preceding actions that determine whether an investment should proceed.

  • Grid connections
  • Energy supply
  • Technology maturity
  • Permitting
  • Infrastructure
  • Policy and market conditions

OUR APPROACH

Prioritise. Sequence.Prepare to invest.

  1. 01STRUCTURE

    Build the investment portfolio.

    Translate strategic priorities and technical opportunities into clearly defined initiatives with comparable investment requirements and outcomes.

    • Initiative portfolio
    • Investment requirements
    • Expected impact
  2. 02PRIORITISE

    Decide what matters most.

    Assess initiatives across economics, emissions impact, readiness, strategic value and implementation risk.

    • Priority ranking
    • Portfolio segmentation
    • Capital priorities
  3. 03SEQUENCE

    Put the investments in order.

    Align initiatives with asset lifecycles, infrastructure availability, operational windows and dependencies to establish a credible deployment sequence.

    • Phased roadmap
    • Asset sequencing
    • Dependency map
  4. 04GATE

    Define when to commit.

    Establish the milestones, thresholds and external conditions that trigger major investment decisions.

    • Decision gates
    • Trigger conditions
    • Investment milestones

THE ROADMAP

Invest at the right time, not simply as early as possible.

A credible roadmap distinguishes between actions that can begin immediately, investments that require preparation and major commitments that should wait until specific conditions are met.

NOW — 2028

Prepare & Optimise

  • Energy-efficiency programme
  • Detailed feasibility studies
  • Metering and process optimisation
  • Grid-capacity applications
  • Supplier engagement

INVESTMENT CHARACTER

Low-regret actions · Enabling investment · Technical preparation

2028 — 2032

Deploy & Enable

  • Priority process electrification
  • Electrical infrastructure upgrades
  • Asset replacements
  • Alternative-fuel conversions
  • Site enabling works

INVESTMENT CHARACTER

Commercial technologies · Priority CAPEX · Infrastructure deployment

2032 — 2040

Transform

  • Major process conversions
  • Emerging technology deployment
  • Hydrogen integration where viable
  • Carbon capture for residual emissions
  • Network-scale infrastructure connections

INVESTMENT CHARACTER

Major transformation CAPEX · Conditional investments · Long-term asset transition

MANAGING UNCERTAINTY

Commit when the evidence supports the decision.

Not every future investment should be approved today. A roadmap can preserve strategic options while defining exactly what needs to become true before capital is committed.

EXAMPLE DECISION GATE

Investment
Hydrogen furnace conversion
Target Window
2032–2035

Proceed When

  • Delivered hydrogen cost reaches target range
  • Reliable supply is contracted
  • Required infrastructure reaches the site
  • Technology performance is commercially demonstrated
  • Conversion aligns with furnace replacement cycle

Decision

PREPARE NOW · COMMIT LATER

EXAMPLE DEPENDENCY CHAIN

  1. 01
    Grid capacity secured
  2. 02
    Electrical infrastructure upgraded
  3. 03
    Production line shutdown
  4. 04
    Electric process equipment installed
  5. 05
    Commissioning
  6. 06
    Full-scale operation

DELIVERABLES

A roadmap builtfor capital decisions.

01

Investment Portfolio

A structured portfolio of decarbonisation initiatives with investment requirements, expected impact and strategic rationale.

02

Capital Prioritisation

A consistent assessment identifying which initiatives deserve funding, preparation or continued monitoring.

03

Site & Asset Roadmaps

Phased investment plans aligned with individual facilities, production assets and replacement cycles.

04

Dependency Map

A clear view of the infrastructure, technology and operational dependencies connecting individual investments.

05

Decision Gates

Defined thresholds and milestones that determine when major capital commitments should proceed.

06

Integrated Investment Roadmap

A portfolio-level programme connecting initiatives, capital requirements, sequencing and strategic decisions across the transition horizon.

Industrial manufacturing site representing a process-heat electrification roadmap

ROADMAP IN PRACTICE

INDUSTRIAL MANUFACTURING

Electrifying process heatacross six manufacturing sites.

Terravia developed a phased investment roadmap for process-heat electrification across a European manufacturing portfolio, aligning technical feasibility with grid readiness, asset replacement cycles and site-level capital planning.

Sites assessed
6
Process-heat emissions addressed
68%
Priority investment identified
€42m
Deployment programme
3 phases

WORK DELIVERED

  • Site-by-site opportunity assessment
  • Investment portfolio development
  • Capital prioritisation
  • Grid and infrastructure dependencies
  • Asset sequencing
  • Decision gates and phased roadmap
View project

BUILD THE EVIDENCE

Make every investmentpart of a bigger strategy.

Decarbonisation Strategy

Define the transition direction and establish which emissions, assets and opportunities deserve strategic attention.

Explore Decarbonisation Strategy

Technology & Economics

Test the technical feasibility, economics and critical assumptions behind the investments entering the roadmap.

Explore Technology & Economics

START A CONVERSATION

Turn your transition ambition into an investment programme.

Whether you are prioritising projects across multiple sites, preparing for major asset replacements or deciding when to commit to emerging technologies, we can help establish what to invest in, when and why.

Talk to our team