Decarbonization Weekly

Decarb Weekly 12/21/23

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: 

The U.S. is set to hit a new record for solar installations – Canary Media

Recent Market News:

  • Major maritime players are looking for ways to cut carbon emissions and save on fuel. Automated sails, retrofitted onto a ocean cargo liner have recently completed their maiden voyage around the globe. – WSJ
  • Companies purchased about $1.6 billion in carbon removal credits in the first 11 months of 2023, up from roughly $333 million during the same period last year. The flood of funding is being encouraged by U.S. government grants, tax credits, and a federal purchasing program for carbon removal credits. – WSJ


  • 12/19/23: Octopus Energy, a British clean energy giant, has raised $800 million to fund it’s next phase of expansion. – Canary Media
  • 12/18/23: Lingrove, a producer of carbon-negative wood alternative, has raised $10 million in Series B funding. – TechCrunch
  • 12/18/23: Future, a climate focused fintech, raised $6.5 million in new funding to acquire Fan Rewards. – Axios 
  • 12/14/23: Tech veterans, Raj Kapoor and Josh Felser, have raised their $65 million inaugural climate tech venture fund called Climatic. – TechCrunch 

In-depth Read:
Pitch Deck Teardown: Metafuels’ $8M climate tech seed deck – Tech Crunch

Other Media:
New biomass map to take stock of the world’s carbon – European Space Agency

Can AI Combat Climate Change? Google’s CSO Thinks So. – WSJ 

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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