Decarb Weekly 12/5/24

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: 

Falling fossil fuel shares mask reality of rising emissions – JP Morgan

Recent Market News:

• According to the Morgan Stanley Institute for Sustainable Investing, nearly 8 out of 10 asset managers (78%) and asset owners (80%) anticipate an increase in sustainable assets under management and allocations over the next two years, viewing sustainability as a key driver for growth opportunities. – Morgan Stanley
• The U.S. government has awarded $1.2 billion in grants to 37 states, Washington D.C., and Puerto Rico to promote the use of low-carbon materials in road construction, aiming to reduce emissions from infrastructure projects. – Canary Media

Transactions:

• 12/4/24: Heirloom Carbon raised $150 million in Series B funding to scale its Direct Air Capture technology. – Tech Crunch
• 12/4/24: Houston-based CO2 Energy Transition Corp., a SPAC focused on carbon capture, utilization, and storage, raised $69 million through its IPO in late November, planning to target mid-sized CCUS companies. – Carbon Herald
• 12/3/24: Qualus Corporation announced its acquisition of Planet Forward Energy Solutions, expanding its capabilities in program management and strategic advisory services to drive initiatives in grid resiliency, clean energy, and decarbonization. – Qualus
• 12/2/24: Amazon has partnered with AI startup Orbital to test a new material designed to capture carbon dioxide. Amazon intends to pilot the technology at an AWS datacenter. – Reuters

In-Depth Read:
14th Annual Energy Paper: Electravision – JP Morgan

Podcast:
Episode 14: Mining, Metals & Mongolia – Climate Dad
 

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