Decarb Weekly 2/26/2026

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: 

Technology giants Meta, Amazon, Google, and Microsoft were responsible for 49% of all global power purchase agreement activity in 2025. – BloombergNEF

Recent Market News:

• The SEC announced that investment fund groups with over $10 billion and funds with under $10 billion in assets have until November 2027 and May 2028, respectively, to comply with the “Names Rule”, requiring funds with named objectives like “growth” or “ESG” to invest 80% of the fund’s assets towards that goal. – ESG Dive
• The Net Zero Asset Managers initiative relaunched with more than 250 signatories, marking the return of one of the world’s most influential climate finance alliances after a year long suspension and political scrutiny in the United States. – ESG News
• Iron-air battery start up, Form Energy, secured a deal with Xcel Energy to build a 30 gigawatt-hour battery plant that will deliver clean energy to a Google facility. – Canary Media

Transactions:

• 2/23/2026: GameChange Energy Technologies, the global infrastructure company delivering module-to-grid energy infrastructure, acquired the Electrical Balance of Systems division of Terrasmart, a subsidiary of Gibraltar Industries. – GameChange Solar
• 2/23/2026: Quaise Energy raised ~$200 million to develop its first commercial geothermal power plant. – Axios
• 2/23/2026: Scale acquired Reload, a platform that sites, designs, and permits gigawatt-scale data center campuses paired with rapidly deployable on-site power infrastructure. – Business Wire
• 2/19/2026: NuCube Energy, a high-temperature modular microreactor developer, secured $13 million in funding to deploy next-generation nuclear technology. – Business Wire

In-Depth Read:
Corporate Clean Energy Buying Fell in 2025 After Nearly a Decade of Growth – BloombergNEF

Podcast:
Volts crossover: Six big energy questions – The Catalyst

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