Decarb Weekly 11/22/23
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:
US political divide drives sharp contrast in state energy clean goals – S&P Global
Recent Market News:
- Portugal ran on wind, hydro, and solar for six days in a row while simultaneously exporting clean energy to Spain for 66% of that time. This is a new record for the country, who has been leading the clean energy push in Europe since 2016. – Canary Media
- Wolf Carbon moved to withdraw its Illinois permit application to build a carbon capture pipeline (expects to refile in 2024). CO2 Ventures and Summit Carbon Solutions have also run into resistance recently from landowners along pipeline routes. – Reuters
- Higher prices for steel, labor, and debt financing have pushed the cost of developing a wind farm up by almost 40% since 2019. – WSJ
Transactions:
- 11/20/23: Avarni, a startup focused on tracking and reducing Scope 3 emissions, raised $1.6 million in funding. – TechCrunch
In-depth Read:
Will Oil and Gas Producers Lose Access to External Financing as Lenders Decarbonize?
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.
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