Decarb Weekly 8/29/24

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: 

U.S. power grid added 20.2 GW of generating capacity in the first half of 2024 – EIA

Recent Market News:

• Zero-carbon technologies comprised more than 40% of global electricity generation. A new report by Bloomberg NEF renewable sources like wind and solar made up 17% of total electricity generation, and hydroelectric and nuclear power contributed another 24%. – Bloomberg NEF
• Massive battery development across California has eased pressure across the grid during heat waves where four years ago massive rolling blackouts caused millions of businesses and homes to go without power. California has seen a 7-fold increase in battery storage over the last five years. – East Bay Times

Transactions:

• 8/29/24: Carbon Equity launched Climate Infrastructure Fund I to invest in leading climate infrastructure funds that deploy mature technologies across 40-50 projects to achieve immediate and measurable CO2 reductions. – Carbon Equity
• 8/27/24:  LS Power Group has raised $2.7 billion for a North American energy infrastructure fund. – WSJ
• 8/16/24: Fortera, a low carbon cement startup that integrates into existing cement production facilities, has raised an $85 million Series C. – Business Wire

 

In-Depth Read:
The Hottest Sectors in Climate Tech? Follow the VC Money – WSJ

Podcast:
The greenest reason to drill: clean power thats always on – Zero | Bloomberg

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.