Decarbonization Weekly

Decarb Weekly (September 22, 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:

Renewable Statistic:

  • An Oxford University report found that switching from fossil fuels to renewable energy could save the world as much as $12 trillion dollars. – BBC

Recent Market News:

  • California governor Gavin Newsom signed AB 2316 into law to create a community solar and storage program. The program will give renters, nearly half of all Californians, access to clean energy and will strengthen the reliability of California’s power grid. – Kelsey Misbrener on Solar Power World
  • The US Department of Energy announced the creation of the Floating Offshore Wind Shot. This initiative seeks to reduce the costs of Offshore Wind energy by at least 70% to $45 per megawatt-hour by 2035. – Ethan Howland on Utility Dive

Transactions:

  • 9/15/22: Goldman Sachs Asset Management and CleanHill Partners acquired EPC Power, a supplier of high-performance, utility-scale smart inverters. The acquisition positions EPC Power to expand in renewable energy storage markets. – Businesswire
  • 9/8/22: CarbonCapture Inc. partnered with carbon storage developer Frontier Carbon Solutions to develop a Wyoming-based project that will permanently remove five million tons of atmospheric carbon dioxide annually by 2030. With the help of the IRA, CarbonCapture plans to have its first¬†direct air capture (DAC) modules fielded by the end of the year. – Businesswire

In-Depth Read:
Carbon and Emissions Tech Launch Report published by Pitchbook
Podcast:
Offshore Wind in the US


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