Decarb Weekly 9/11/2025

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: 

After underperforming in the second half of 2024, sustainable funds generated median returns of 12.5% for 1H 2025, compared to traditional funds’ 9.2%. – Morgan Stanley

Recent Market News:

• In June 2025, ~25% of U.S. power generation was green, up from 18% in the year-earlier period, according to data compiled from the U.S. Energy Information Administration. – LA Times
• Renewables developer and asset owner Madison Energy Infrastructure raised $800 million via a construction-to-term debt facility to accelerate the expansion and deployment of clean energy assets across the U.S. – PV Tech

Transactions:

• 09/09/2025: Electric Hydrogen acquires hydrogen project developer Ambient Fuels, and launches a new strategic relationship with sustainable infrastructure investor Generate Capital. – ESG today
• 09/08/2025: Sapphire Technologies, a provider of equipment that converts wasted pressure into electricity, raises $18 million in a Series C round led by Mitsubishi Heavy Industries. – Carbon Herald  
• 09/08/2025: Nextracker acquires Origami Solar, a pioneer in roll-formed steel frame technology, in an all-cash transaction of approximately $53 million. – Nextracker
• 09/04/2025: Through its XCarb Innovation Fund, ArcelorMittal is investing in Electrified Thermal Solutions, a U.S. based technology company electrifying industrial heat generation. – ArcelorMittal 

In-Depth Read:
Sustainable Funds Beat Traditional Funds in First Half of 2025 – Morgan Stanley

Podcast:
AMA: Geoengineering, nuclear, power prices, and more – Catalyst

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. Visit our website: Industria Partners