Decarb Weekly 11/5/2026

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: 

In H1 2026, renewable asset deals accounted for the majority of transaction value, reversing the corporate-led mix in H1 2025 as buyers prioritized execution-ready projects. – Ropes & Gray

Recent Market News:

• HDF Energy selected Topsoe’s SynCOR technology for hydrogen production and CO₂ capture at its planned 250 MW fuel cell plant, which is designed to supply low-carbon power to data centers. – Topsoe
• The U.S. Department of Energy announced ~$200 million in funding through its restructured small business innovation programs, with accompanying Phase I topics spanning grid modernization, renewables, geothermal, and fusion technologies. – DOE | Phase I Topics 

Transactions:

• 11/4/2026: The Andersons acquired Harvestone Low Carbon Partners, a producer of low-carbon ethanol with carbon capture and sequestration (CCS) capabilities, for ~$915 million. – The Andersons
• 11/02/2026: OpenGate Capital acquired Maersk Training and its subsidiary Maersk H2S Safety Services, a provider of specialized safety services, including monitoring and safety equipment maintenance for energy, maritime, and renewable sectors. – OpenGate Capital
• 11/2/2026: SOLV Energy acquired ASB Energy Services, a contractor specializing in battery energy storage system (BESS) infrastructure, and data center projects, for ~$45 million. – SOLV Energy
• 10/29/2026: Colliers backed Englobe, acquired Obsidian Engineering, a provider of engineering, procurement, and construction management (EPCM) services for natural gas processing, CO₂ infrastructure, renewable energy, and data center projects. – Colliers

In-Depth Read:
Sullivan: What the 2026 midterms could mean for energy investors – CNBC

Podcast:
The Evolution of Corporate Climate Reduction Targets – Climate Rising

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. Visit our website: Industria Partners