Decarb Weekly 2/5/2026

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: 

In 2025, U.S. energy transition investment reached $378 billion, up 3.5% year over year, with grid investment rising 9.5% to $115 billion. – Bloomberg

Recent Market News:

• Xcel Energy and NextEra Energy Solutions signed a memorandum of understanding (MOU) to accelerate large load generation, storage, and transmission investments. – Renewable Energy Magazine    
• Backstone backed Aypa Power closed a $1.5 billion revolving credit facility to fund energy storage and hybrid renewable projects across a development pipeline exceeding 22GW nationwide. – Power Magazine
• BlackRock backed Jupiter Power closed a $500 million revolving credit facility to fund energy storage projects across a development pipeline exceeding 12GW nationwide. – Jupiter Power
• Meta closed a Power Purchase Agreement (PPA) with Zelestra for 176MW of solar generated energy in Texas. – ESG Today

Transactions:

• 2/4/2025: Lunar Energy, a provider of residential battery storage, and virtual power plant software, closed a $232 million dual-round Series C and D led by B Capital, Prelude Ventures, and Activate Capital. – Lunar Energy 
• 2/4/2026: Apeiron Labs, an ocean data platform with applications in offshore energy and environmental monitoring, closed a $9.5 million Series A co-led by S2G Investments, RA Capital Management, and DYNE Ventures. – Business Wire
• 2/3/2026: Derapi, a developer of distributed energy resource (DER) software applications, closed a $7 million funding round led by Earthshot Ventures. – Derapi 
• 1/30/2026: Critical Loop, a developer of rapidly deployable microgrids, closed a $12 million funding round. – Pitchbook  

In-Depth Read:
How Companies Are Approaching Voluntary Carbon Credits – Morgan Stanley

Podcast:
The Digital Backbone of Energy Storage Optimization with Roger Hollies (Arenko) – Transmission

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