Decarb Weekly 11/15/22

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: 

Solar PV Module Price Reductions 1976-2021. – BloombergNEF 

Recent Market News: 

• The Department of Energy is making $350 million available for new long-duration energy storage projects capable of delivering electricity for 10 to 24 hours longer. The funding will advance renewable technologies and boost the US’s grid resilience. – Renewable Energy World 
• Companies worldwide seek to repurpose old mines as renewable energy generators by using water and gravity to create pumped storage hydropower. The International Hydropower Association estimates that total pumped-storage capacity could more than double to roughly 375 gigawatts by 2030. – Wall Street Journal 
• To accommodate electric vehicles, the US will need to install more than a million new charging ports in public places over the next year. These new installations will require level 3 charging stations to provide 100-200+ miles per 30 minutes of charging. – Wall Street Journal 

Transactions:

• 11/15/22: BlackRock Alternatives has agreed to acquire Jupiter Power LLC, a leading US operator and developer of utility-scale battery energy storage systems. Jupiter Power has built an 11,000 MW storage development pipeline from California to Maine that includes 655 MW of operational projects. – Businesswire  
• 11/15/22: Dandelion Energy, a residential geothermal heating and cooling company, announced the closure of a $70 million B1 funding round led by LENX and NGP ETP. Dandelion Energy will use the funds to scale its commercial operations and invest in a broader range of products for its customers. – Power 

In-Depth Read:
Global energy crisis and COP27 – key news stories this week published by The World Economic Forum 
Podcast:
Catherine Von Burg: Can climate tech founders achieve success without compromising on their mission? Produced by The Freeing Energy Podcast 

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.