Decarb Weekly 4/4/24

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: 

Power grids need to accomodate renewable-energy sources’ increased penetration, as well as energy demand. – McKinsey

Recent Market News:

• Alternus Clean Energy, a renewable utility firm, formed a JV with Acadia Energy to co-develop 200 MW of microgrid projects across New York. The JV signifies the wider commercial viability of microgrid projects. – Reuters
• Aker Carbon Capture announced an agreement with SLB to combine their respective carbon capture businesses to support accelerated industrial decarbonization at scale. The partnership will leverage ACC’s commercial carbon capture product offering and SLB’s new technology developments and industrialization capability. – Aker Carbon Capture

Transactions:

• 4/3/24: Alsym, a developer of alternative battery technology, raised a $78 million Series C led by General Catalyst and Tata. – TechCrunch
• 4/3/24: Torus, a Utah-based energy solutions company, raised $67 million in new equity financing to advance energy storage and its energy management platform.- Business Wire

Deep Dive:
Kicking the Hydrocarbon Habit, Part II – Wood Mackenzie

Podcast:
The Economics of Carbon Removal with Nan Ransohoff – a16z Podcast

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.