Decarb Weekly 7/13/23

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: 

Finance flows and mitigation investment needs by sector and type of economy – UN, Emissions Gap Report

Recent Market News:

• Energy company Ørsted has received approval for the Ocean Wind 1 project, a 98-turbine complex that will be built roughly 15 miles off the coast of New Jersey and generate 1,100 megawatts of electricity. – Grist
• New international sustainability reporting standards could fulfill their ambition in becoming the global baseline as the advantages of using a single standard worldwide may, for many companies, outweigh the disadvantages of being more demanding than the SEC’s coming climate reporting rules. – WSJ

Transactions:

• 7/12/23: Bedrock, an autonomous underwater vehicle and digital platform company has attracted $25.5 million in new funding. The company’s underwater drones are expected to be used in mapping construction of offshore wind platforms and providing regular inspections of such installations. – TechCrunch
• 7/11/23: Oklo, a Y-Combinator startup focused on small scale nuclear reactors is going public via SPAC at a pre-money valuation of $850 million. – Axios

In-Depth Read:
Criteria for High-Quality Carbon Dioxide Removal – Carbon Direct
Podcast:
Battery metals wanted: The US’ race to decarbonize – Platts Future Energy | S&P Global

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.