Decarb Weekly 5/11/23

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: 

Funding to VC-backed weather and climate prediction startups, 2012-2022 – Crunchbase

Recent Market News:

• A Supreme Court review of a 1984 regulatory precedent threatens the looming SEC rule requiring public companies to disclose carbon emissions. – WSJ
• The U.S. launched a $4 billion effort to electrify ports and cut heavy duty truck emissions. – Reuters
• State Street will begin providing back-office service to clients interested in investing in carbon credits, making the investment more accessible to individuals. – WSJ

Transactions:

• 5/9/23: Pivot Energy announces a $203 million financing package led by SVB, the banks first sizable community-solar financing since it’s collapse. – Canary Media
• 5/3/23: Bend, a credit card provider offering carbon offsets in lieu of cash back or points, raises $2.5 million in seed funding. – TechCrunch

In-Depth Read:
Sustainability in Action – Carbon Data: Minding the Gaps – Oaktree Capital
Podcast:
America’s green industrial strategy – 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.