Decarb Weekly 4/25/24

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: 

The line to plug into the power grid is getting longer and longer – Canary Media

Recent Market News:

• BlackRock-Temasek Venture raised $1.4 billion in funding to support emissions-reducing technologies. The fund, Decarbonization Partners I was oversubscribed by more than $400 million. – WSJ
• GEF Capital Partners closed GEF US Climate Solutions Fund II LP with $325 million of capital commitments, exceeding the fund’s original $250 million target. The firm invests in lower middle-market companies in clean energy, energy efficiency, waste, water and resource efficiency sectors. – PE Professional
• Oil and gas corporations are deploying capital at early-stage climate technologies like direct air capture and nuclear fusion. Chevron, for example, just raised a $500 million Future Energy Fund III. – Pitchbook

Transactions:

• 4/23/24: Texture, a startup seeking to become a common data collection and sharing platform for renewable power sources like wind, solar, and batteries, raised a $7.5 million seed round to further develop and test the product with the first set of customers. – TechCrunch
• 4/22/24: LanzaJet, a sustainable fuels technology company raised an undisclosed amount from Microsoft’s Climate Innovation Fund to continue building its capability and capacity to deploy its sustainable fuels process technology. – LanzaJet
• 4/22/24: Captura announced it expanded its Series A funding round to raise an additional $21.5 million to commercialize its Direct Ocean Capture technology. – Captura
• 4/11/24: Arcadia, a global utility data and community solar platform, announced the close of a growth round. The financing, led by Macquarie, will support the growth of the firm’s community solar and technology. – PR Newswire

Deep Dive:
Carbon Action Playbook – 3Degrees

Podcast:
Green Jet Fuel Mandates Lift Demand for Scarce Supply – Bloomberg Switched On

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.