Decarb Weekly 2/1/24
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:
Sustainable fuels are expected to fill gaps in decarbonization and complement electrification. – McKinsey
Recent Market News:
- The US Department of Energy announced $171 million (with an additional $83 million available) of funding for 49 projects in 21 states aimed at reducing industrial greenhouse gas emissions and accelerating decarbonization initiatives. – Energy.gov
- Bregal Investments launched a new “agroforestry” strategy focused on generating carbon credits through agriculture investment. – WSJ
- Total energy transition spending surged 17% to $1.8 trillion in 2023. Experts indicate that this pace is still not enough to get on track for net zero targets. – Bloomberg
- Hyundai Heavy Industries and shipowner Capital Product Partners have designed a vessel to carry liquefied CO2. The companies envision a method of burying CO2 emissions under the sea floor. – WSJ
Transactions:
- 1/30/24: BlueLayer, a software platform built to help companies manage their carbon credits at scale, raised $5.6 million in seed capital. – TechCrunch
- 1/30/24: Crux Climate, a clean energy credits platform, raised an $18 million Series A led by Andreessen Horowitz. The funding is expected to expand its tax credit marketplace. – Axios
- 1/23/24: Instagrid, a developer of portable battery systems for use in remote locations, raised a $95 million Series C to move into the US market. – Tech.eu
In-depth Read:
Decarbonization Trends and Regs Re-Align Corporate Priorities – Bloomberg Law
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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