Decarb Weekly 4/11/24

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: 

March Solar Generation Exceeds Coal in ERCOT – IEEFA

Recent Market News:

• According to Morgan Stanley, power use from data centers is expected to triple globally from less than 15 TWh in 2023 to 46 TWh this year. Longer term power demand from IT equipment in U.S. data centers is expected to reach more than 50 GW by 2030, up from 21 GW in 2023, according to McKinsey’s latest estimates. – Reuters
• The EPA announced grants to provide funding for smaller scale clean energy projects. The new “green bank” will benefit founders of climate tech as the funding should increase demand for technologies that have been proven and are ready for commercial deployment. – TechCrunch

Transactions:

• 4/8/24: Bloom Energy will receive up to $75 million in federal tax credits to invest in operational efficiencies. – Reuters
• 4/4/24: Chevron New Energies led a $45 million Series A in ION Clean Energy, a Boulder, CO based technology company that provides post-combustion point-source capture technology through its third-generation liquid amine system. – Chevron

Deep Dive:
The Landscape of Carbon Dioxide Removal and US Policies to Scale Solutions – Rhodium Group

Podcast:
The rise of heat batteries – The Carbon Copy

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.