Decarb Weekly 2/6/2025

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: 

For the first time ever in the US, wind and solar generated more than coal – Carbon Brief

Recent Market News:

• Stardust Power has begun construction on a $1.2 billion battery-grade lithium refinery in Muskogee, Oklahoma, aiming for an eventual output of up to 50,000 metric tons per year. – electrek
• Stockholm Exergi has secured over $1.8 billion in support from the Swedish Energy Agency to fund the permanent removal of 800,000 tons of CO₂ per year through Bioenergy with Carbon Capture and Storage (BECCS) technology. – Cision

Transactions:

• 2/4/25: Amazon signed contracts to buy 476 megawatts of wind and solar power from Iberdrola to support new data centers on the Iberian Peninsula, part of its $17 billion infrastructure investment in Spain. – TechCrunch
• 1/30/25: Microsoft announced it is purchasing over 7 million tons of carbon credits from Chestnut Carbon in a 25-year deal to reforest 60,000 acres in Arkansas, Louisiana, and Texas. – TechCrunch
• 1/29/25: Smart Wires, a Durham-based grid-enhancing technologies provider, raised $65 million in growth financing from BP Energy Partners and Keystone Group. – Finsmes
• 1/28/25: Earth AI, a San Mateo-based predictive explorer for clean energy metals, raised $20M in Series B funding led by Tamarack Global and Cantos Ventures. – Finsmes

In-Depth Read:
The Voluntary Carbon Market In 2024: 11 Key Insights From Abatable – Carbon Herald

Podcast:
Trump 2.0 and the Future of Energy – Morgan Stanley | Thoughts on the Market

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