Decarb Weekly 1/9/2025

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: 

Cumulative climate investment by vertical, 2020-2024 – CTVC

Recent Market News:

• In 2024, venture and growth investment in climate tech totaled $30 billion, a 14% decline from 2023, with energy leading the sector and transportation underperforming. Since 2020, around 3,900 climate tech companies have raised over $182 billion across more than 6,200 deals, showcasing the sector’s ongoing growth and resilience. – CTVC 
• The stretched power grid story continues into 2025 as rising electricity demand driven by AI data centers and electrification strains the underbuilt U.S. power grid, challenging the integration of clean energy solutions. – Canary Media
• David Kennedy, a partner in corporate sustainability at EY, has been appointed as the new CEO of the Science Based Targets initiative (SBTi), succeeding Sue Jenny Ehr amid the organization’s scrutiny over the use of carbon offsets for emission reduction goals. – WSJ

Transactions:

• 1/9/25: EQT Transition Infrastructure has agreed to acquire Scale Microgrids, a leading developer and operator of microgrids and distributed energy resources in North America, marking EQT’s first North American investment under its newly launched Transition Infrastructure strategy. – Cision
• 1/8/25: Alta Resource Technologies, a Boulder, CO-based company specializing in advanced biochemistry for mineral separation, raised $5.1 million in seed funding to expand its team and develop its platform for increasing supplies of critical minerals essential for renewable energy technologies. – Finsmes
• 1/8/25: Advanced Ionics, a Milwaukee-based developer of green hydrogen electrolyzers, secured $6.7 million in funding. – H2 View

In-Depth Read:
$30bn and 14% fall as market finds new normal in ‘24 – CTVC

Podcast:
How AI Is Tackling Climate Change – Resilience: The Global Adaptation Podcast | UN

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