Decarb Weekly 8/1/24

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: 

Voluntary Carbon Market Size, by Value of Traded Carbon Credits – Ecosystem Marketplace

Recent Market News:

• SBTi released a new report on uses of carbon credits while continuing to analyze their efficacy. SBTi is at the forefront of the international debate over the legitimacy of credits. – WSJ
• In a first of its kind deal, Black Bear Energy and Evergrow announced a series of residential solar projects taking advantage of the IRA’s tax-credit transferability rules. – Canary Media

Transactions:

• 8/1/24: Axle Energy raised a $9 million Seed round to accelerate grid decarbonization. – TechCrunch
• 7/31/24: Applied Carbon, a startup using biochar to store carbon for decades, has raised $21.5 million in Series A funding. – TechCrunch
• 7/23/24: Cowboy Clean Fuels, a Colorado-based startup producing renewable natural gas and permanent carbon sequestration, raised $13 million in Series B funding. – TheDigest
• 7/22/24: CarbonBlue, a water-based Carbon Dioxide Removal technology, has raised $10 million in Seed funding led by Colorado’s Ibex Investors. – Carbon Herald 

In-Depth Read:
State of the Voluntary Carbon Market – Ecosystem Marketplace

Podcast:
Biogenic CO2 and the Future of Renewable Energy with Patrick Serfass – Catching Carbon

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.