Decarb Weekly 9/17/2026

Decarb Weekly™, by Industria Partners, is a collection of articles focusing on trends and transactions in industrial decarbonization and climate tech. 

Industria will be attending the NECA Convention in Las Vegas on October 5 – 6th. We encourage you to reach out to Julia McMillan or Ren Lubchenco to schedule time for additional dialogue and market insights.

Chart of the Week: 

In Q3 2026, North American PPA activity is diversifying beyond solar, with hybrid projects becoming prominent alongside renewed interest in nuclear and hydro. – S&P Global Energy

Recent Market News:

• Carlyle closed Carlyle Infrastructure Credit Fund II with ~$2.3 billion of capital commitments, to provide financing to infrastructure businesses and assets across energy transition, low-carbon power, water and waste, digital infrastructure, and transportation and logistics. – Carlyle
• Power Sustainable announced plans to invest more than $10 billion into Canadian opportunities over the next five years across infrastructure equity and credit, and clean energy and industrial private equity. – Power Sustainable

Transactions:

• 9/16/2026: Kanin Energy, a developer of on-site waste heat-to-power projects, raised $100 million in equity financing led by S2G Investments. – S2G
• 9/16/2026: HCP Infrastructure, Lime Rock New Energy’s low-carbon precast concrete platform, acquired Holton Concrete Products to expand lower-carbon manufacturing capacity. – Lime Rock
• 9/15/2026: Algorhythm Holdings acquired Azure Energy, a developer of renewable power plants that convert biomass and waste streams into dispatchable power, for approximately $23 million. – Globe Newswire
• 9/14/2026: Anaeco, a developer of clean technology that uses atmospheric chemistry to destroy harmful greenhouse gases and pollutants, received strategic investment from Momentum Global Ventures. – Momentum
• 9/11/2026: Spheros Environmental acquired Panorama Environmental, a provider of environmental planning, permitting, compliance, GIS, technical studies, and construction monitoring services for power and renewable energy. – Spheros

In-Depth Read:
State-led planning could advance clean energy in deregulated markets: report – Utility Dive

Podcast:
Balancing refining reliability and the low carbon transition – The Main Column

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