Decarb Weekly 9/26/24

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: 

Low-carbon energy sources are projected to account for 65 to 80 percent of global power generation by 2050 – McKinsey

Recent Market News:

• Efforts to increase credibility in voluntary carbon markets, with support from U.N. Special Envoy on Climate Action and Finance Mark Carney, Michael Bloomberg, and Bahamas Prime Minister Philip Davis, aim to create high-integrity carbon credits and improve market transparency, potentially increasing the market’s value to $1.2 trillion by 2050. – WSJ

Transactions:

• 9/23/24: David Energy, a Brooklyn-based clean energy-focused retail provider, raised $23 million in Series A-1 funding to optimize energy usage for small businesses and residential customers. – TechCrunch
• 9/19/24: Phlair, which uses a “pH swing” method to capture carbon dioxide, has raised €12 million in seed funding and a €2.5 million EU grant to support these projects. – TechCrunch
• 9/18/24: Air Company, a carbon conversion technology firm based in New York City, secured $69 million in Series B funding. – Finsmes

In-Depth Read:
Global Energy Perspective 2024 – McKinsey

Podcast:
Innovative Pathways to a Low-Carbon Future – WSJ

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.