Decarb Weekly 7/16/2026

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: 

Climate Tech exits increased 68% YOY, with M&A making up 89% of total exits in H1 of 2026. – Currence (Climate Tech Investment Trends: H1 2026)

Recent Market News:

• Nuveen and CalSTRS formed a $2 billion partnership to finance sustainable infrastructure, with CalSTRS anchoring Nuveen’s Energy & Power Infrastructure Credit Fund II across renewable power, energy storage, and industrial decarbonization. – Nuveen
• BP reached an agreement with Verdane, an energy-transition investor, to divest minority interests in more than 10 companies across a range of energy-related technologies, with the divestment expected to be complete by Q2 2027. – BP

Transactions:

• 7/15/2026: Tradewater, a J.F. Lehman & Company-backed developer of superpollutant abatement projects, acquired Carbon Shield, a company that closes actively leaking orphaned oil and gas wells to prevent methane emissions. – Tradewater
• 7/14/2026: Alliance Technical Group, a Blackstone portfolio company, acquired Emissions Test Group, a provider of industrial source emissions testing services. – Alliance Technical Group
• 7/14/2026: Airhive acquired Carbyon, two pioneers of direct air capture technology development, strengthening its position for deploying low-cost direct air capture at scale. – Carbyon
• 7/9/2026: EQT acquired Copia Power, a developer of integrated energy and data center campuses combining more than 25 GW of solar and storage with 7 GW of natural gas generation. – EQT
• 7/9/2026: Hephae Energy, a developer of geothermal technology, raised $17.8 million in a Series A round co-led by Susquehanna Sustainable Investments and Underground Ventures. – Hephae Energy

In-Depth Read:
Green Climate Fund Unlocks Additional $4 Billion For Climate Investments – ESG Investing 

Podcast:
15 Climate Startups To Watch: Out of 105 – Climate CEOs

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