Decarb Weekly 6/5/2025

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: 

Cancelled OCED awards to industrial decarbonization projects by sector – CTVC

Recent Market News:

• The World Meteorological Organization warns average global temperatures could “spike to almost 2°C” above pre‑industrial levels at least once in the next five years. – Financial Times
• The Department of Energy plans to revoke $3.7 billion in previously announced clean‑energy and industrial‑decarbonization grants. The cut puts 24 projects from Exxon’s Baytown olefins retrofit to Brimstone’s low‑carbon cement plant at risk. – Tech Crunch
• Carbon Clean and FPSO giant MODEC signed an agreement to scale the CycloneCC modular capture system for offshore platforms. The agreement plans pilots in 2026 and up to 1,000 tCO₂/day capture per vessel at full rollout. – Carbon Herald

Transactions:

• 5/29/25: Heron Power raised a $38 million Series A to commercialize solid‑state medium‑voltage transformers that promise lighter, faster‑responding grid infrastructure. – Tech Crunch
• 5/28/2025: Temasek‑backed GridCARE closed an oversubscribed $13.5 million seed round to use AI for unlocking stranded grid capacity. – tn Global

In-Depth Read:
World Energy Investment 2025 – IEA

Podcast:
FOAK Tales -The Green Blueprint

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. Visit our website: Industria Partners