Decarb Weekly (September 29, 2022)

October, 2022|By Tim Troha

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:

Net-zero targets have gone global – but how meaningful are they? – Canary Media

Renewable Statistic:

Global employment in renewable energy reached 12.7 million jobs. Almost two-thirds of these jobs are in Asia, with China alone accounting for 42% of the global total. – International Labour Organization

Recent Market News:

Salesforce introduced the Net Zero Marketplace, a first-of-its-kind carbon credit marketplace set to launch in the US in October. Net Zero Marketplace is built on Salesforce’s Commerce Cloud and will offer a catalog of third-party-rated carbon credits for buyers and businesses. – Salesforce
Climate tech investment trends and professionals suggest that the segment may be recession-proof. 2022 is currently on pace to surpass every other year in climate-related venture capital funding thanks to developments like MIT’s The Engine and the Inflation Reduction Act. – Bloomberg

Transactions:

9/22/22: Wind Point Partners, a Chicago-based private equity firm, acquired D&H United. D&H United provides testing, inspection, repair, and installation services for US electric vehicle charging infrastructure. – Wind Point Partners
9/27/22: The Sacramento Municipal Utility District (SMUD) signed the largest ever US flow battery purchase with iron flow battery company ESS Inc. to develop 2-gigawatt hours of long-duration battery storage. ESS’ batteries store electricity in a liquid electrolyte containing dissolved iron. – Canary Media