Decarb Weekly 8/22/24
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:
The hydrogen bubble deflates – CTVC
Recent Market News:
- If the Federal Reserve cuts rates in the coming months as expected, renewable energy projects stand to receive a needed tailwind. A recent Wood Mackenzie analysis indicated that a 2-percentage point rise in rates equates to a 20% jump in the cost of producing energy for utility-scale solar power over the life cycle of a project. – WSJ
- Silva Capital launched the Silva Carbon Origination Fund aimed at providing access to large-scale carbon credits from nature-based projects. Rio Tinto, BHP, and Qantas added $53 million in investment to the fund. – ESG Today
Transactions:
- 8/19/24: Root Global, a company helping food and beverage companies collect data on their agricultural supply chains to model emissions hotspots, has raised an €8 million seed round. – Tech Crunch
- 8/16/24: Svante has raised $137 million CAD from the Canada Growth Fund for the development and construction of Svante’s commercial carbon capture and removal projects in Canada and the United States. – BetaKit
- 8/13/24: Guidewheel, a startup using AI to help factories operate at peak performance and sustainability, has raised $31 million in Series B funding. – Finsmes
In-Depth Read:
Can Pulling Carbon from Thin Air Slow Climate Change? – Scientific American
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.
Go back