Decarb Weekly 1/23/2025

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: 

40% of activity ocurred at late stage and venture growth – Pitchbook

Recent Market News:

• About half of the U.S. faces increased risk of power supply shortfalls in the next decade due to rising energy demands from AI data centers and electrification says the North American Electric Reliability Corporation. – Reuters
• The global economy faces a potential 50% GDP loss by 2090 from the catastrophic impacts of climate change unless immediate decarbonization and nature restoration actions are taken, warns a new report by the Institute and Faculty of Actuaries and the University of Exeter. – Guardian
• The U.S. EPA has issued California’s first Class VI well permits to Carbon TerraVault, allowing the underground injection of carbon dioxide for permanent storage in the Elk Hills Oil Field near Bakersfield. The project, expected to store nearly 38 million metric tons of CO2 over 26 years, aims to mitigate climate change while ensuring public and environmental safety through stringent monitoring and community engagement. – EPA

Transactions:

• 1/22/25: Orennia, an energy transition data and analytics company, closed its Series C growth financing round, led by BlackRock and Temasek’s Decarbonization Partners, following a $25 million Series B in July 2023. – ESG Today
• 1/16/25: ElectraLith, a mining tech startup spun out of Monash University, raised $27.5 million in a Series A to advance its DLE technology, with backing from Main Sequence, Rio Tinto, Chevron Technology Ventures, and Breakthrough Victoria, among others. – Startup Daily
• 1/16/25: Origen Power, a UK-based carbon removal company, raised $13 million in Series A funding led by Barclays Climate Ventures to scale its limestone-based DAC technology. – Finsmes
• 1/16/25: BeZero Carbon, a Carbon ratings agency raised a $32 million Series C, led by GenZero. – GenZero
• 1/15/25: Amogy, an ammonia-to-power solutions provider, raised $56 million in venture financing, bringing its total funding to over $270 million. – Amogy

In-Depth Read:
Poised for take-off: Hyperscaling the United Kingdom’s climate tech – McKinsey

Podcast:
“2025 is the MEGA year for climate action,” Aniruddha Sharma, Carbon Clean CEO – Carbon Herald

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