Decarb Weekly 9/28/23

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: 

Funding in climate tech rebounds in Q3’23 and reaches 2021 levels. First positive growth since Q4’22. – Net Zero Insights 

Recent Market News:

• America’s largest steel company, Nucor, is betting nuclear fusion can help it eliminate carbon emissions and power one of the world’s most energy-intensive manufacturing processes. – WSJ
• Experts say that under a Canadian forest near Ontario there sits the worlds largest untapped sources of nickel, copper and cobalt—metals essential for making the batteries that power electric vehicles. The only issue is the peat bog that sits on top of the commodities contains more carbon per square foot than the Amazon rainforest. – WSJ

Transactions:

• 9/27/23: Resourcify, a waste management and recycling platform, announced that it raised $15 million in Series A money led by Vorwerk Ventures. – TechCrunch
• 9/20/23:  Harbinger Motors, a California-based EV manufacturer, has raised $60 million in Series A funding led by Ridgeline and THOR Industries. Harbinger’s investors share a commitment to sustainability through mobility transformation. – PR Newswire

In-Depth Read:
The 2030 decarbonization challenge – Deloitte
Podcast:
American steelmakers lead in clean production amid global decarbonization efforts – S&P Global Platts Future 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.