Decarb Weekly 8/31/23

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:

Renewable energy installations set to surge globally in 2023 – Canary Media

Recent Market News:

• A California law that temporarily bars CO2 from flowing through new pipelines in the state has blocked companies such as TerraVault, a Brookfield-backed JV, from providing carbon-capture services to industrial customers in the latest blow to investor confidence in carbon moving technologies. – WSJ
• A study found that if companies paid for damages resulting from their emissions, as outlined by so-called “Carbon Pricing” policies, almost half of their profits would be eliminated. – Industrial Distribution
• Bloom Energy, a maker of fuel-cell servers that generate electricity on-site, is set to capitalize on the growing transmission squeeze. On-site fuel cell servers are key to solving the power issue for the growing data center demand. – WSJ

Transactions:

• 8/29/23: Norway’s Equinor acquired a 25% stake in Carbonvert’s Bayou Bend CCS, a US based project to capture and store carbon dioxide emissions in southeast Texas. – Reuters
• 8/29/23: Redwood Materials raised $1 billion in Series D money to expand its domestic battery supply chain. – TechCrunch
• 8/28/23: Karbon-X Corp, a carbon credit development company acquired 80% of Silviculture Systems for $7.3M. – Karbon-X

Media:
How Wave Power Could be the Future of Energy – Undecided with Matt Ferrell
Podcast:
Renewable Energy Tax Credits w/ Amish Shah – Catching Carbon
In-depth Read:
We’ve Only Just Begun – Carbon Capture Faces Several Challenges To Wider Commercialization – RBN 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.