Decarb Weekly 12/29/22

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: 

These 10 US companies buy and build the most solar. – Canary Media 

Recent Market News: 

• A year after the United Nations Climate Change Conference in November 2021, the number of FTSE 100 companies vowing to achieve net zero emissions by 2050 has grown by 37 percent to 82 percent. As many as 60 percent of millennials are willing to pay more for truly sustainable products, and 83 percent of investors want to invest in more sustainable startups. – Wired 
• Form Energy has selected West Virginia to build its first iron-air battery manufacturing facility. The facility represents a total investment of $760 million and is expected to create a minimum of 750 new full-time jobs. – Renewable Energy World 
• Sacramento Municipalities Utility District (SMUD) has declared Swell Energy will act as the aggregator for a virtual power plant initiative called My Energy Optimizer Partner+. The program could scale to 54 MWh and 27 MW over the term of the partnership by installing and aggregating capacity from customers’ battery storage systems located in Sacramento. – SMUD

Transactions:

• 12/16/22: Battery recycler Cirba Solutions has received a $245 million investment from the EQT Infrastructure V fund. Cirba says the investment will expedite the electric-vehicle lithium-ion battery recycling supply chain through upgrades to its processing facilities. – The Middle Market 
• 12/22/22: Goldman Sachs has agreed to make a tax-equity investment of up to $200 million in the first phase of a 531-MW wind project in Texas developed by Omega Energia SA. The investment will be backed by tax credits arising from the 265.5-MW Goodnight 1 project. – Renewables Now

In-Depth Read:
This Year Was the Beginning of a Green Transition published by The Wall Street Journal
Podcast:
The year in energy produced by The Energy Gang 

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.