Decarb Weekly 5/18/23

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: 

US Climate Bill Impact – Fifth Wall Ventures

Recent Market News:

• Efforts in the US to boost hydrogen production are rapidly accelerating due to incentives created by the Inflation Reduction Act. – WSJ
• A new study on green steel shows the potential for clean energy and hydrogen-based steel production that can slash carbon emissions and put Americans to work. – Canary Media
• Rural electric cooperatives, utilities, and other energy providers will soon be able to apply for nearly $11 billion in grants and loans for clean energy projects. – Reuters

Transactions:

• 4/24/23: Seattle-based startup Avalanche Energy, a company focused on developing micro-fusion power, closed a $40 million Series A funding round. – PR Newswire
• 5/15/23: First Solar acquired Evolar, a European company that provides thin-film (PV) technology for solar cells, for $38 million with an additional $42 million to be paid if certain technical milestones are acheived. The acquisition helps First Solar strengthen its manufacturing capability in the PV technology space. – Solar Industry Mag

In-Depth Read:
Analysis: China’s CO2 emissions hit Q1 record high after 4% rise in early 2023 – Carbon Brief 
Podcast:
Can we really engineer a climate fix? – Climate Rising – Harvard Business School

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.