Decarb Weekly 2/15/24

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: 

Historical emissions (left) and resilient and net zero pathway (right) – Institute for Climate Economics

Recent Market News:

• The global market of traded carbon dioxide (CO2) permits reached a record $948.75 billion in 2023, a 2% increase on the previous year. – Reuters
• Corporate demand for “durable” offsets has the carbon removal market optimistic that pulling CO2 from the sky will get more economical despite the questionable profitability of such technologies. – S&P Global

Transactions:

• 2/14/24: Hippo Harvest, an indoor farming startup using significantly less water and land than traditional farming, raised a $21 million Series B at a $145 million post-money valuation. – TechCrunch
• 2/14/24: Koloma, a geologic hydrogen startup, raised a massive $245 million round to develop tools and technologies to locate and eventually extract white hydrogen. – Canary Media

In-depth Read:
Sucking Carbon from the Air Becomes A Lead Strategy – Scientific American

Podcast:
Virtual power plants: the ‘sandwich’ for the grid – The Carbon Copy

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.