Decarb Weekly 6/8/23

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: 

Annual global renewables capacity growth, gigagwatts (GW). – IEA

Recent Market News:

• Geologists are searching for underground hydrogen, a product of a chemical reaction between iron-rich minerals and groundwater that could supercharge green energy. This hydrogen source could be tapped into by traditional drilling methods. – WSJ
• US wind manufacturing is expected to receive a significant boost from the Inflation Reduction Act, driving jobs back into rural manufacturing. – Canary Media

Transactions:

• 6/6/23: On the heels of major deals with Frontier and JPMorgan Chase, Charm raised $100 million in Series B funding. – Charm Industrial
• 5/31/23: CUR8, a market maker for the carbon removal market, raised $6.5 million. – TechCrunch 
• 5/31/23: Realta Fusion, a startup aimed at decarbonizing the heating industry through fusion, raised $9 million in seed funding. – TechCrunch

In-Depth Read:
Renewable Energy Market Update – June 2023 – IEA
Podcast:
Will a copper shortage hinder the energy transition? – Catalyst with Shayle Kann

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.