Decarb Weekly 8/15/24

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: 

Crypto and data centers account for a growing amount of emissions – IMF

Recent Market News:

• SunPower filed for Chapter 11 bankruptcy following a liquidity crisis stemming from a drop in residential solar demand and financial mismanagement. Filings indicate that SunPower intends to select bids for business units as early as next month. – Utility Dive
• The Carbon Removal Standards Initiative (CRSI) launched to promote transparency and rigor in carbon quantification. The CRSI, led by Anu Khan, former innovation director at Carbon180, seeks to address the growing need for standards in carbon dioxide removal. – Carbon Removal Standards

Transactions:

• 8/9/24: CarbonQuest, a distributed carbon capture technology provider, raised an undisclosed amount in Series A funding from Riverbend Energy Group. – Carbon Herald
• 8/7/24: Twelve, a CO2 into sustainable aviation fuels startup, raised $45mm in debt financing. – Axios

In-Depth Read:
Hard to Abate Sectors and Emissions II – The Road to Decarbonization | Citi

Podcast:
Exploring the unprecedented growth of global solar PV – Platts Future Energy

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.