Decarb Weekly 7/27/23

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: 

Developing countries need up to 12x more clean-energy investment within a decade to hit climate and energy-access goals – CarbonBrief 

Recent Market News:

• MassMutual has committed as much as $514 million in financing to renewable energy developer Low Carbon. MassMutual formed a JV with the firm in 2021 to back solar, wind, and energy-storage projects. – WSJ
• The carbon credit market is growing into a new opportunity: plugging oil and gas wells. The emerging industry pairs carbon market financing with oilfield service providers to plug wells and generate carbon credits. – Inside Climate News
• In the first half of this year, wind and solar generated more power than coal in the U.S. Wind and solar produced 343 terawatt-hours total between January and June 2023, while coal produced 296 terawatt-hours over the same period. – Canary Media

Transactions:

• 7/25/23: TotalEnergies will invest $1.7 billion into Total Eren and add 3.5 gigawatts of hydroelectric, solar, storage, and wind projects of renewable capacity to its portfolio. – Hart Energy
• 7/11/23: Vår Energi, a Norwegian oil and gas producer has bought Feistein CCS, a large-scale carbon capture and storage solutions start up. – Offshore Technology

In-Depth Read:
Pitch Deck Teardown: CleanHub’s $7M seed deck
Podcast:
What’s the next big trend in clean energy? – 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.