Decarb Weekly 12/12/24

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: 

Battery cost decline – Sam Korus

Recent Market News:

• The Energy Department’s Loan Programs Office is accelerating clean energy financing with recent commitments including $303.5 million for Eos Energy and $7.5 billion for EV battery plants in Indiana. – Canary Media
• Heidelberg Materials’ flagship Brevik CCS project in Norway has achieved mechanical completion, marking a key milestone towards delivering the first evoZero carbon captured net-zero cement, as part of the Norwegian government’s Longship initiative. – Heidelberg 

Transactions:

• 12/5/24: AMP, a Louisville, CO-based AI-powered sortation provider for the waste and recycling industry, raised $91M in Series D funding. – Finsmes
• 12/3/24: Carbmee, an AI-powered carbon management software company, raised €20 million in Series A funding. – tech.eu
• 12/4/24: Aramco, SLB, and Linde have announced plans to develop a carbon capture and storage hub in Jubail, Saudi Arabia, aiming to capture and store up to nine million metric tons of CO2 annually by 2027. – SLB

In-Depth Read:
Untangling the Maritime Decarbonization Stakeholder Network – Liquid Grid

Podcast:
2025 Outlook: Building the transformation – The Bid | BlackRock
 

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