Decarb Weekly 9/25/2025

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: 

US investment in renewables was down 36% in the first half of the year compared to the second half of last year, while, EU-27 investment was up 63%. – BloombergNEF

Recent Market News:

• Governor Kathy Hochul laid out the next steps for New York’s $1 billion Sustainable Future Program, including significant investments in clean energy and efficiency upgrades. – Environmental Defense Fund
• The United States government is urging utilities to keep coal-fired power plants running longer, to help deliver the electricity needed to fuel artificial intelligence. – Reuters

Transactions:

• 09/25/2025: Applus+ acquires APEM Group for £335 million to expand into the high-growth environmental consultancy space. – Applus+
• 09/24/2025: Mirion acquires Paragon Energy Solutions, a provider of highly engineered solutions for the nuclear power industry, from Windjammer Capital Investors for ~$585 million. – BusinessWire
• 09/17/2025: VoLo Earth Ventures raises $135 million for its second fund, succeeding in a tough fundraising environment. – The Wall Street Journal

In-Depth Read:
Billions in Cleantech Investments Are Going Up in Smoke – Bloomberg

Podcast:
Are SAF and Marine Green Fuels worth the Carbon Reductions? – Redefining 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. Visit our website: Industria Partners