Decarb Weekly 10/24/24

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:

2024-29 GWh demand growth as a percentage of 2024 GWh demand – Wood Mackenzie

Recent Market News:

• The U.S. Department of Energy has released a draft of its Carbon Management Strategy, aimed at guiding the implementation of carbon capture, removal, and utilization technologies. – Carbon Herald

Transactions:

• 10/24/24: Climeworks, a carbon removal startup, has entered into an agreement with Morgan Stanley to eliminate 40,000 tons of carbon dioxide from the atmosphere by 2037. – WSJ
• 10/22/24: Cement startup Furno is set to receive a $20 million grant from the Department of Energy, which will support the construction of up to eight micro-kilns at a concrete plant in Chicago. – TechCrunch
• 10/22/24: Redaptive, an Energy-as-a-Service provider, has secured a $100 million equity investment from CPP Investments to accelerate its growth and support decarbonization efforts for its expanding customer base. – YahooFinance
• 10/19/24: Turnover Labs, a startup focused on transforming carbon dioxide into useful chemical compounds, recently secured a $1.4 million pre-seed round led by GC Ventures and Pace Ventures. – TechCrunch

In-Depth Read:
Global Status of CCS 2024 – Global CCS Institute

Podcast:
The Evolution of Sustainable Investment – Research @ Citi

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.