Decarb Weekly 10/3/24

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: 

Energy analysts keep increasing their forecasts for 2024 solar installations – Canary Media

Recent Market News:

• The U.S. Green Bank 50 initiative has united nearly forty green banks, resulting in over $10 billion invested into communities in 2023 alone. This coordinated effort aims to drive significant progress in clean energy and climate solutions. – Iowa Energy Fund
• The U.S. Department of Energy’s Office of Clean Energy Demonstrations (OCED) plans to invest up to $1.3 billion in transformative carbon capture, utilization, and storage technologies. – Energy.gov
• Ara Partners has launched Ara Energy Decarbonization, to decarbonize conventional energy assets across North America. The fund has seen $725 million already committed. – Ara Partners

Transactions:

• 9/27/24: British energy giant Drax plans to invest up to $12.5 billion over the next decade to develop biomass power plants with carbon capture and storage in the United States. – Carbon Herald
• 9/25/24: Toronto-based Cyclic Materials aims to expand its rare earth recycling infrastructure in the U.S. and Europe after raising $71 million CAD in Series B financing. – BetaKit
• 9/25/24: Eion, a startup with a method for measuring carbon dioxide removal through enhanced rock weathering on farmland, has raised an additional $3 million in a Series A extension. – AFN
• 9/25/24: Stockholm-based Stegra has received approximately €100 million to develop a near zero-emission steel production facility. – Artic Startup

In-Depth Read:
Countries can transform the global energy sector by fully implementing the 2030 goals they agreed at COP28 – IEA

Podcast:
The Dark Side of Rooftop Solar – NPR

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.