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R. Burton David J. Leiter Ralph A. Child Chuck Samuels |
We are pleased to present this month’s edition of Energy and Clean Tech Connections. We’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of the latest general industry developments, news from Capitol Hill, grant opportunities, and upcoming events. For more information about the growing global clean-energy markets, we direct your attention to the Clean Energy Trends 2007 Report released by Clean Edge this month. We would like to congratulate our client CoalTek on its recent financing. And we welcome Jeremy Rabinovitz, a veteran House staffer, to ML Strategies in the Washington, D.C. office. Please read on and explore the growing world of clean tech. In the News Building a Biofuels Alliance: How Brazil Can Be The Washington Post - March 8, 2007 Kerry Has Big Ideas for Small Business The Boston Globe - March 8, 2007 Biofuel Push Draws Inventors and Investors Los Angeles Times - March 7, 2007 Venture Capitalists Want to Put Some Algae in Your Tank The New York Times - March 7, 2007 Global Clean Energy Markets Expand to $55 Billion Clean Edge - March 6, 2007 IBM Sees Green in Environmental Tech CNET News.com - March 6, 2007 Bank of America Announces Bank of America Press Release - March 6, 2007 2006 Ethanol Production Up Nearly 25 Percent Over 2005: Demand for Renewable Fuels Remains Strong Renewable Fuels Association Press Release - March 5, 2007 Eco-Warriors at the Gate The Economist - March 1, 2007 CoalTek Closes on $33 Million in New Financing WRAL Local Tech Wire - February 27, 2007 Imperium Renewables Lands $214 Million Clean Edge - February 22, 2007 Federal Happenings Solar Technology Gets White House Boost The New York Times - March 11, 2007 GAO Says U.S. Failed on Energy Guidelines The Boston Globe - March 2, 2007 Department of Energy Achieves Goal U.S. Department of Energy Press Release - March 2, 2007 DOE Selects Six Cellulosic Ethanol Plants U.S. Department of Energy Press Release - February 28, 2007 Spotlight On … Sahir Surmeli Sa is a corporate finance attorney and has been working with investment banks, public companies and later-stage private companies in financing activities for 15 years. Sa is currently representing a number of energy and clean tech clients in public offerings and private placements. He has also represented underwriters and issuer clients in traditional energy fields, including oil and gas, pipeline and exploration financings, and mergers and acquisitions. Sa has worked on a wide variety of capital raising projects, including equity, debt, syndicated loan and structured finance offerings, and has worked on deals raising over $6.3 billion for investors and issuers. “Ideally, I partner with our clients 12 to 18 months before they go public or seek exit strategies to help implement strategies to maximize valuations and exit returns and facilitate a smooth IPO process or alternative exit, such as a sale, reverse merger or leveraged transaction,” he notes. Sa has an MBA in corporate finance and he focuses on adding value in complex financing structures and helping younger companies navigate the challenges of the public and private markets. He also has extensive international experience—he previously practiced in New York, Tokyo and Hong Kong and now works from the Boston office of Mintz Levin. He has represented clients in the United States, Australia, Canada, China, France, Germany, Japan, Korea, the Netherlands, Turkey, the United Kingdom and elsewhere. Legal News Preparation for 2006 Fiscal Year SEC Filings Mintz Levin Securities Advisory - March 2007 Multicultural Law Magazine Recognizes Mintz Levin Mintz Levin Press Release - February 20, 2007 Mintz Levin Ranked Among Top Bond Counsel Firms by Dollar Volume in the Northeast Region for 2006 Mintz Levin Press Release - February 15, 2007 ML Strategies Expands D.C. Practice with Veteran House Staffer Jeremy Rabinovitz Mintz Levin Press Release - February 12, 2007 Grants SEED 2007: Call for Renewable Massachusetts Technology Collaborative Massachusetts Technology Collaborative, a quasi–state agency, established the Sustainable Energy Economic Development (SEED) Initiative to support growth and commercialization of renewable energy technologies in Massachusetts. SEED provides direct and flexible capital to early-stage companies for new renewable-energy-related product development and facilitates companies in gaining access to private capital. The award amount will be up to $500,000 per company per 12-month period, up to two awards per Massachusetts company, and SEED is accepting applications on an open enrollment basis. Predevelopment Financing Initiative Massachusetts Technology Collaborative The Massachusetts Technology Collaborative board of directors has approved this round of the Clean Energy Predevelopment Financing Initiative in an effort to support the development of grid-connected renewable energy generating facilities in New England. As of October 1, 2005, $1,574,934 has been committed to projects supported by this solicitation. Two types of funding are available under this solicitation: funding for feasibility studies and funding for predevelopment activities (e.g., facility design, environmental studies, permitting and similar activities). Funding for feasibility studies is available only to public instrumentalities and private nonprofit organizations and takes the form of grants of up to $50,000 to public instrumentalities and unsecured loans of up to $50,000 to nonprofit organizations. Funding for predevelopment activities is available to public instrumentalities, private nonprofit organizations and private for-profit corporations or partnerships, and takes the form of an unsecured loan of up to $250,000 for wind and biomass projects, or up to $150,000 for other types of renewable energy projects. Research and Development for Hydrogen U.S. Department of Energy Golden Field Office DATES: The closing date for receipt of applications is March 27, 2007, 11:59 p.m. EST. SUMMARY: Research proposals are sought for improved hydrogen compression technology for hydrogen pipeline transmission to improve reliability, reduce capital cost and improve energy efficiency. Research proposals are also sought for improved compressors for refueling sites to improve reliability and reduce capital cost. Improvements to current compression technology, the use of more novel compression technology such as electrochemical compression, metal hydride compression approaches, or other approaches that can meet these challenges will all be considered. Environmental Impacts of Hydrogen Systems U.S. Department of Energy Office of Energy Efficiency DATES: The closing date for receipt of applications is April 18, 2007, 11:59 p.m. EST SUMMARY: The purpose of this project is to systematically identify and examine possible near and long-term ecological and environmental effects of the production of hydrogen from various energy sources (based on the DOE hydrogen production strategy) and the use of that hydrogen as a transportation fuel and for stationary power. Precise systems-based engineering models of the likely hydrogen and criteria pollutant emissions will be developed and the potential impacts of the different market penetration scenarios will be quantified. Lessons Learned from Stationary Power Generation U.S. Department of Energy Office of Energy Efficiency DATES: The closing date for receipt of applications is April 18, 2007, 11:59 p.m. EST SUMMARY: The objective of this project is to identify the lessons learned from prior stationary power programs, including the most significant obstacles, how these obstacles have been approached, outcomes of the programs and how this information can be used in the DOE’s Hydrogen Program. Events NESEA Building Energy 2007: March 13–15, 2007 Globalcon 2007: Energy, Power & Facility April 4–5, 2007 The Energy Efficiency Finance Forum: April 12–13, 2007 Entrepreneurial Energy Expo April 13, 2007 The Wall Street Green Trading Summit VI April 16–17, 2007 3rd AustralAsian Cleantech Forum April 17–18, 2007 The Cleantech Forum XIII May 14–16, 2007 Cleantech 2007: The Cleantech Conference, May 23–24, 2007 4th Annual Renewable Energy June 20–21, 2007 |
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