Decarb Weekly 12/4/2025

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 US has the highest levels of grid investment in 2025, with $115 billion, a quarter of the worldwide total. – BloombergNEF

Recent Market News:

• Despite two-thirds of California’s power being produced using clean energy, carbon emissions are projected to increase from 2.38 million tons in 2023 to 5.56 million tons in 2028, primarily due to growing data center power demand. – ESG Dive
• According to a study conducted by UCLA and MIT, households in the 10% of U.S. counties most affected by climate change pay an average of $1,300 a year in extra costs, while the nationwide average is between $400 and $900. – Investopedia

Transactions:

• 12/3/2025: Carba, a biocarbon technology and carbon removal company, closed a $6 million Investment Round led by Rusheen Capital Management and Canopy Generations Fund. – Carba
• 12/3/2025: Modo Energy, a provider of battery energy storage system benchmarking and valuation, raised a $30 million Series B led by Molten Ventures. – Modo Energy
• 12/2/2025: Pantheon Regeneration received a strategic investment from Microsoft’s Climate Innovation Fund to accelerate and scale development of its ecological restoration projects. – Pantheon
• 12/1/2025: Mirion acquired Paragon Energy Solutions, a provider of highly engineered solutions for the nuclear power industry. – Paragon

In-Depth Read:
Global Grid Investment Could Top $470 Billion for the First Time in 2025 – BloombergNEF

Podcast:
Adaptation and Resilience: A New Investment Imperative – Switched On

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