Decarb Weekly 12/19/24

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: 

US electricity demand growth – Wood Mackenzie

Recent Market News:

• ExxonMobil is planning a 1,500 MW natural gas-fired power plant to support data centers, featuring carbon capture technology for over 90% emission reduction, highlighting its move into the power generation business. – Yahoo Finance
• Mitsubishi Heavy Industries and Hokuetsu Corporation have launched a CO2 capture demonstration at Hokuetsu’s Niigata Mill, using MHI’s “CO2MPACT™ Mobile” system, marking the first use of this technology in the pulp and paper industry. – Carbon Herald

Transactions:

• 12/13/24: G2 Venture Partners is raising a third fund with a target of $750 million, signaling strong confidence in climate and sustainability startups. – Tech Crunch
• 12/12/24: Rio Tinto plans a $2.5 billion investment in its first commercial-scale lithium production project at Rincon, Argentina, betting on the metal’s key role in electric vehicle batteries despite a recent price drop. – FT
• 12/12/24: Aisti successfully closed a €29 million Series A funding round, advancing its sustainable wood fibre-based acoustic tiles. – Aisti

In-Depth Read:
Where does corporate climate action go from here? – Time

Podcast:
How the world could unplug from China’s batteries – Reuters
 

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