Decarb Weekly 8/8/24

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: 

Most of the world’s new power plants are clean energy – Canary Media

Recent Market News:

• U.S. DOE announced ~$49 million in funding for offshore wind R&D. The Offshore Wind National and Regional Research and Development Funding Opportunity aims to fund floating offshore wind platforms, innovations for fixed-bottom foundations, domestic supply chains, and more. – Power Technology

Transactions:

• 8/8/24: Cocoon, a startup using a bi-product of energy-efficient steel production that serves as a cement alternative, raised a $5.4 million pre-Seed round. – TechCrunch
• 8/7/24: Blackstone has acquired a majority stake in Westwood Professional Services. Westwood provides engineering and consulting services focused on renewable power. – Blackstone
• 8/1/24: Quinbrook Infrastructure Partners closed its Net Zero Power Fund with over $3 billion in capital commitments. – Business Wire
• 7/29/24: ArcLight Capital Partners announced an operating focused renewables investment initiative called SkyVest Renewables with a $500 million capital commitment. – PR Newswire

In-Depth Read:
Q&A: What does deep-sea mining mean for climate change and biodiversity loss? – CarbonBrief

Podcast:
Food or Fuel: The Energy Transition’s Battle for Land – Switched On

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.