| Thomas
R. Burton David J. Leiter Ralph A. Child Richard A. Kanoff Carl A. Kukkonen III Chuck Samuels Sahir C. Surmeli Patrick J. Kealy |
In the November edition of Mintz Levin’s Energy and Clean Tech Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean tech. We draw your attention to the latest industry developments, news from Capitol Hill, grant opportunities and upcoming events. The Energy and Clean Tech Practice Group would like to congratulate its client Infinity Bio-Energy both for its recent sale of convertible notes valued at $129 million, and for a successful equity investment from Ranch Capital. Additionally, we would also like to applaud our long-time client EnerNOC, Inc. for successfully completing its follow-on offering. We hope you enjoy this month’s installment of the newsletter. In the News Global Wind Power Base to More Than Triple by 2015 Renewable Energy Access - November 26, 2007 As the Price of Oil Soars, Many Turn to Renewables The Washington Post - November 26, 2007 EU Urges Investment in Renewable Energy The Washington Post - November 22, 2007 New Report Projects $50 Billion in Renewable Renewable Energy Access - November 20, 2007 Ethanol Stocks Keep Falling Greentech Media - November 19, 2007 Thin Films Lead U.S. Solar Production Greentech Media - November 16, 2007 Enernoc, Inc. Announces Pricing of Public Offering EnerNoc, Inc. - November 14, 2007 Carbon Job Market Booming but Talent Pool Is Dry The Washington Post - November 14, 2007 Gore Hops On Green Venture Company The Boston Globe - November 13, 2007 Solar Stocks Bounce after Hitting Bottom Greentech Media - November 13, 2007 Revving Up Our Energy Efficiency The Boston Globe - November 12, 2007 China Launches Global Warming Initiative The Washington Post - November 9, 2007 Patrick, Dimasi Unveil Bill to Boost State’s Clean Energy The Boston Globe - November 8, 2007 ASES: 40 Million “Green Collar” Jobs by 2030 Renewable Energy Access - November 8, 2007 AWEA: U.S. Wind Industry Blowing Renewable Energy Access - November 8, 2007 North America’s Largest Renewable Renewable Energy Access - November 7, 2007 Shell and Codexis Develop New Enzymes Renewable Energy Access - November 7, 2007 XsunX, Inc. Secures Financing for 100 MW Thin Film Plant Renewable Energy Access - November 6, 2007 Good News Expected for Energy Management Greentech Media - November 1, 2007 GreenVolts Secures $10 Million Series A Financing Greentech Media - November 1, 2007 Cleantech Group, Credit Suisse and Consensus Renewable Energy Access - October 31, 2007 Massachusetts REC Auction Yields More Than Renewable Energy Access - October 30, 2007 Investor Confidence in Cleantech Grows Renewable Energy Access - October 26, 2007 Governor Patrick Announces Advanced GreatPoint Energy to Team with Dominion to Build Research Facility for Natural Gas Conversion at Brayton Point Press Release, The Commonwealth of Massachusetts, Suntech Signs $1.5 Billion Deal for Silicon Greentech Media - October 25, 2007 Wal-Mart Asks for Help to Achieve Green Goals Greentech Media - October 25, 2007 Berkeley Breakthrough on Financing Press Release, Berkeley, Calif. Mayor’s Office - October 23, 2007 Federal and State Happenings DOE Increases Energy Efficiency Standards Press Release, U.S. Department of Energy - November 19, 2007 Inclusion of Renewables in Energy Bill Renewable Energy Access - November 19, 2007 $3.1 Million in to Support Solar Projects Renewable Energy Access - November 16, 2007 U.S. Energy Secretary Highlights Need Press Release, U.S. Department of Energy - November 13, 2007 USDA Encourages Use of Biobased Renewable Energy Access - November 13, 2007 Department of Energy to Invest More than $21 Million Press Release, U.S. Department of Energy - November 8, 2007 Range Fuels Signs Agreement with U.S. DOE, Breaks Ground on Commercial Cellulosic Ethanol Plant Renewable Energy Access - November 7, 2007 Lawmakers File Bill to Bridge Rural Renewable Energy Access - November 6, 2007 White House Honors Federal Agencies for Saving Taxpayers $133 Million in Energy Costs by Increasing Efficiency Measures Press Release, U.S. Department of Energy - November 2, 2007 DOE Begins Search for 2008 Solar America Cities Renewable Energy Access - November 1, 2007 Department of Energy Recognizes Six Leading Organizations for Helping the U.S. “Go Green” Press Release, U.S. Department of Energy - October 22, 2007 Spotlight On … Faith Charles Faith is a member of the firm’s New York office where she practices in the Business and Finance Section. A significant portion of her work involves handling all aspects of public offerings and private placements, representing issuers, underwriters and placement agents. She is frequently engaged by emerging growth companies for pre-public-offering counseling and by established companies in connection with a variety of general corporate and securities law matters. Faith also has experience representing sellers and purchasers in asset, stock and merger transactions, and assisting clients with the negotiation and structuring of joint ventures, strategic alliances and licensing agreements. In addition, she regularly provides counsel to companies needing access to the networks of venture capitalists and investment bankers who influence venture capital and public markets. Traditionally, her clients have been involved in various business areas, including media, life sciences, electronics and computer software, internet services, consumer products, and manufacturing. Faith’s frequent exposure to the life sciences industry has also sparked her interest in the clean tech space, and she is increasingly focusing her practice on environmental and technology issues both domestically and abroad. Faith has recently been advising an international solar company, and she is looking forward in the future to utilizing her expertise on the vital businesses associated with renewable energies and sustainable living. Faith is admitted to practice in New York and is a member of the Association of the Bar of the City of New York. She received her B.A., cum laude, from Barnard College (1983) and her J.D. from George Washington University Law Center (1986). Legal News Updated Employers’ Guide to the Employee Benefits Advisory, Mintz Levin - November 12, 2007 Mintz Levin’s Summer Associate Program Receives Near Perfect Scores in Annual American Lawyer Survey Press Release, Mintz Levin - November 2, 2007 Forty-Five Mintz Levin Attorneys Recognized Press Release, Mintz Levin - October 25, 2007 “E-Proxy” Rules Take Effect Electronic Availability of Proxy Materials to Be Required Securities Law Advisory, Mintz Levin - October 12, 2007 Mintz Levin Named to 2007 List of Top Ten Press Release, Mintz Levin - October 5, 2007 Regulation of “Employee Leasing Companies” A Conundrum for Staffing Firms, PEOs and Other Employee Benefits Advisory, Mintz Levin - October 3, 2007 Grants DOE’s Entrepreneur in Residence Program Application Due Date: December 21, 2007 The Entrepreneur in Residence (EIR) Program will bring venture capital sponsored entrepreneurs into three of DOE’s National Laboratories to develop plans to commercialize new clean energy technologies. The entrepreneurs in residence will identify technologies that, when commercialized in private sector companies, will contribute to DOE’s mission to promote America’s energy security through reliable, clean and affordable energy. The EIR program seeks to identify and develop business cases to commercialize promising laboratory technology and give proven start-up entrepreneurs the opportunity to work directly with technical management and staff at a National Laboratory. Selected entrepreneurs would conduct technology assessments, evaluate market opportunities, formulate preliminary business cases and propose business structures for start-up enterprises, as well as recommend policy and business practice modifications to the National Laboratories to refine their approaches to moving technology into the commercial sector. The National Renewable Energy Lab, Sandia National Laboratory and Oak Ridge National Laboratory will be the first DOE laboratories to host entrepreneurs in residence. As a first step in the program, DOE will sup port the work of three entrepreneurs at National Laboratories. DOE will provide up to $300,000 funding to support this initiative. The Renewable Fuels Foundation Offering The Renewable Fuels Foundation (RFF) Board of Directors funds those research projects that have clear goals and measurable outcomes with benchmarks that will advance the science of ethanol production. While sound research should be the basis for all grant applications, the RFF will only support projects that directly enhance domestic production of ethanol and the efficient use of co-products. One grant will be awarded for $150,000, of which $75,000 will be made available over two years. Viable projects may qualify for continued funding past this time frame. Research project proposals must have a national implication, not local. The RFF prefers to fund national model projects, thereby making a bigger impact to the U.S. ethanol market. SEED 2007 Call for Renewable Energy Company Applicants The Massachusetts Technology Collaborative The 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. Business Expansion Initiative Business Expansion Initiative (BEI) supports the development and expansion of the production capacity of renewable energy technology firms in Massachusetts. BEI provides secured debt capital to expansion-stage companies for new renewable energy product design and manufacturing financing. BEI loans may only be made to companies located within Massachusetts. Predevelopment Financing Initiative The 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 pre-development 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. Events The Alternative Energy Investment Symposium November 27–28, 2007 Renewable Energy in America Phase II Policy Forum November 28–29, 2007 Pacific Coast Clean Energy R&D Forum Innovation and Collaboration for a Secure Energy Future November 28–29, 2007 BBI Biofuels Workshop and Trade Show Building an Industry November 28–30, 2007 2nd Annual Renewable Energy Finance Forum India November 29–30, 2007 Cleantech Forum XV Where the Business of Cleantech is Conducted December 3–4, 2007 Future Fuels 2007 December 3–5, 2007 2007 European Offshore Wind Conference and Exhibition December 4–6, 2007 Green Computing Summit Bringing Industry Expertise to Government Operations December 5, 2007 Second Annual Energy & Resources Conference Reducing CO2 Emissions: Short-Term and Long-Term Strategies December 6, 2007 GreenXchange Global Marketplace Conference The One Event for the Business of Green December 10–11, 2007 Ignite Clean Energy 2008 Business Presentation Competition December 11, 2007 Boston Going Green Expo Taking Green to the Mainstream February 2–3, 2008 4th Annual Clean-Tech Investor Summit Fostering Innovation & Investment February 6–7, 2008 The Climate Change Summit 2008 February 12–13, 2008 POWER-GEN Renewable Energy & Fuels 2008 February 19–21, 2008 Cleantech Forum XVI February 25–27, 2008 Carbon Forum America Carbon Market Trade Fair & Market February 26–27, 2008 WIREC 2008 Washington International Renewable Energy Conference March 4–6, 2008 The Wall Street Green Trading Summit April 2–3, 2008 The 2nd China International Wind Energy April 25–27, 2008 Cleantech Forum XVII April 28–30, 2008 Solar 2008 National Solar Energy Conference May 3–8, 2008 3rd Annual Renewable Energy May 19–21, 2008 Windpower 2008 Conference & Exhibition North America’s Largest and Most June 1–4, 2008 CSI Cleantech 2008 The Cleantech Conference, Partnering, Ventures and Trade Show June 1–5, 2008 Green Technology Entrepreneurship Academy July 7–11, 2008 Cleantech Forum XVIII September 15–17, 2008 |
||
| Boston | Washington | New York | Stamford | Los Angeles | Palo Alto | San Diego | London | |||
|
Copyright © 2007 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. The above has been sent as a service by the law firm of Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. and may be considered an advertisement or solicitation. The content enclosed is not intended to provide legal advice or to create an attorney-client relationship. The distribution list is maintained at Mintz Levin’s main office, located at One Financial Center, Boston, Massachusetts 02111. If you no longer wish to receive electronic mailings from the firm, please notify our marketing department by going to www.mintz.com/unsubscribe.cfm. |
|||