Decarb Weekly 2/22/24

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: 

EU carbon prices fall to lowest since Q3 2021 – S&P Global 

Recent Market News:

• A joint report by researchers from Princeton University, MIT, and others found that the U.S. must add 60 to 127 GW of clean energy capacity this year to stay aligned with climate goals, adding that installations are likely to fall short of that range. – Reuters

Transactions:

• 2/21/24: Clarity Technology, a direct air capture startup founded in 2022, has raised a $6.75 million seed round by Lowercarbon Capital and Initialized Capital. – TechCrunch
• 2/15/24: Sage Geosystems, a Texas-based startup, raised $17 million for geothermal energy storage. – Canary Media
• 2/15/24: Celadyne, a startup accelerating industrial decarbonization with durable fuel cells and cheap green hydrogen, raised an oversubscribed $4.5 million seed round. – TechCrunch 

In-depth Read:
Case Studies: A Large Manufacturing Company Looks to Carbon Offsets to Meet its Net Zero Goals – S&P Global

Podcast:
Could geoengineering cool the planet? – WSJ

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.