Decarb Weekly 1/18/24

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: 

Annual change in U.S. electric power sector capacity and generation by source – EIA

Recent Market News:

• The much-anticipated 45V hydrogen production tax credits, a program expected to make green hydrogen economic, has left many questions unanswered and threatens to continue a years-long stall on development. – S&P Global
• One of the largest takeaways from CES 2024 is that Hydrogen powered vehicles are back in a big way. Regulatory and economic incentives have pushed startups and mature companies to invest heavily in the space. – TechCrunch

Transactions:

• 1/18/24: Plug Power announced a plan to raise up to $1 billion, nearly 2/3 of its market value. The announcement extended a month-long slide in its share price. – WSJ 
• 1/17/24: Northvolt, a Swedish battery startup, secured $5 billion in debt financing to build a gigafactory and solidify Europe’s battery manufacturing base. – TechCrunch

In-depth Read:
Clean electricity is driving down US emissions – Canary Media

Podcast:
2023 climate tech ventures investment trends – Catalyst with Shayle Kann

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.