Decarb Weekly 11/27/24

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: 

How green industrial projects are shaping up globally – Canary Media

Recent Market News:

• Despite raising over $15bn, Northvolt is filing for Chapter 11 bankruptcy, hindering Europe’s effort to compete in electric vehicle battery production. This restructuring will allow Northvolt to continue its mission to establish a European industrial base for battery production. – Financial Times
• Twenty-five countries and the European Union pledged to stop new unabated coal power projects in their next climate plans during COP29 in Baku. Notably absent from the pledge are major coal consumers China, India, and the US. – Bloomberg

Transactions:

• 11/21/24: Epic Cleantec, a water reuse technology company based in San Francisco, raised $12M in Series B funding to accelerate the expansion of its solutions across various projects. – Finsmes
• 11/21/24: Neos Partners closed Neos Partners II with $1.37 billion in commitments and a $350 million co-investment vehicle to invest in North American companies in the renewable energy and critical infrastructure sectors. – Business Wire
• 11/21/24: Blue Bear Capital raised $160 million for its third fund to invest in software-driven climate and energy solutions. – Tech Crunch 

In-Depth Read:
COP29: Key outcomes agreed at the UN climate talks in Baku – Carbon Brief

Podcast:
The Carbon Equation | RINA

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