Decarb Weekly 2/29/24

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: 

U.S. planned utility-scale electric-generating capacity additions (2024) – EIA

Recent Market News:

• Walmart’s goal of removing 1 billion metric tons of emissions from its supply chain was achieved this week. Walmart’s plan to achieve this, which included energy efficiency, packaging redesign, food-waste reduction, and trucking-load optimization, hit its targets six years earlier than expected. – WSJ
• California and Quebec’s joint cap-and-trade program saw a record-high settlement price for greenhouse gas emission allowances at $41.76/mt. This settlement price is a 50% increase year-on-year. – S&P Global

Transactions:

• 2/26/24: Fervo Energy, an enhanced geothermal startup, raised $221 million in funding following its successful completion of its grid-connected geothermal power plant in Nevada. – Tech Crunch

In-depth Read:
Solar and battery storage to make up 81% of new U.S. electric generating capacity in 2024 – EIA

Podcast:
Visualizing our Changing Climate with Probable Futures – Climate Rising | Harvard Business School

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.