Decarb Weekly (October 20, 2022)

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:

Could Global Energy Use Go Up While Per Capita Emissions Go Down? – Nathaniel Bullard on Bloomberg

Recent Market News:

• A National Renewable Energy Laboratory report estimates that the offshore wind industry will need an average of between 15,000 and 58,000 new full-time jobs every year between 2024 and 2030. Most of these jobs will be in manufacturing. – Renewable Energy World
• Since 2021, the US has announced more than 15 new gigafactories to produce lithium-ion batteries. The factories will require $40 billion worth of investments and produce 10 to 40 times more capacity than existing facilities. – Michael Plante on Dallas Fed
• Carbon America entered an agreement with Bridgeport Ethanol LLC to develop the first carbon capture and storage facility in Nebraska. The facility will sequester approximately 175,000 tons of carbon dioxide annually upon completion. – Pipeline and Gas Journal

Transactions:

• 10/2/22: German company RWE AG agreed to pay $6.8 billion for Consolidated Edison Inc’s renewable energy assets in one of the largest green deals ever. The deal will double RWE AG’s renewables portfolio in the US to include more than 7 gigawatts. – Fortune
• 10/13/22: Energy management and generation company Volta Grid announced the closing of an equity raise of $150 million. This increased equity capital will be used to escalate the growth of Volta’s power generation portfolio and low-carbon fueling solutions. – GlobeNewswire

In-Depth Read:
The state of the energy transition

Podcast:
Why Copper May Be One of the Tightest Markets The World Has Ever Seen