Decarbonization Weekly

Decarb Weekly 1/16/2025

Decarb Weekly, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Chart of the Week: 

Battery storage in the US has doubled in less than 2 years – EIA

Recent Market News:

  • Isometric has issued 235.53 independently verified Enhanced Weathering carbon dioxide removal credits to InPlanet, making them the first of their kind globally. – Isometric
  • Data centers are expected to double their power demand by 2029, driven by rapid AI growth and expanding cloud services, according to a JLL report. This surge in energy requirements is prompting data center operators to seek direct agreements with renewable and nuclear energy providers to ensure reliable power supply. – Tech Crunch
  • Lithium Americas announced an increased mineral resource and mineral reserve estimate for the Thacker Pass lithium project in Nevada, with the project now being the largest measured lithium reserve and resource in the world. The company, along with joint venture partner General Motors, aims to generate American jobs and increase domestic production of critical minerals. – Lithium Americas

Transactions:

  • 1/9/25: Unless Ventures, a Boulder-based venture capital firm, raised ~$91 million to invest across clean manufacturing, shipping, energy, and transportation. – Axios
  • 1/9/25: Irish marine robotics startup, Xocean, which provides ocean data to the energy and hydrography industries, raised $119 million to expand its uncrewed surface vessel operations to additional sectors. – Tech Crunch
  • 1/8/25: Gridware raised $26.4 million in Series A funding led by Sequoia Capital to scale its Gridscope devices for continuous 24/7 power grid monitoring. – Business Wire
  • 1/8/25: Advanced Ionics secured $6.7 million in funding to accelerate green hydrogen electrolyzer development and expand manufacturing facilities. – GlobeNewswire
  • 1/8/25: Brimstone secured up to $189 million federal award to develop a sustainable Rock Refinery co-producing portland cement, a second concrete ingredient, and alumina from U.S.-sourced rocks. – Business Wire

In-Depth Read:
Wind and solar overtook coal on the US grid in 2024 – Canary Media

Podcast:
Looking ahead: Key themes to watch in the energy transition in 2025 – Platts Future Energy | S&P Global

Industria Partners provides focused strategic advisory services to industrial, climate, infrastructure, and energy companies at every point across the business cycle. Through industry connectivity, transaction experience, and expert execution, Industria delivers superior outcomes to its clients. Visit our website: Industria Partners


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