To our clients and friends:

 

Energy and Clean Tech Connections

October 2009

 

In the October 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 energy. We draw your attention to the latest industry developments, news from local governments to Capitol Hill, grant opportunities, and upcoming events.

Last month, Senators John Kerry (D-MA) and Barbara Boxer (D-CA) introduced the Clean Energy Jobs and American Power Act. Senator Kerry said that the bill “puts Americans back in charge of our energy future and makes it clear that we will combat global climate change with American ingenuity.” The Senate Committee on Environment and Public Works announced that it will hold hearings on the bill beginning October 27. For a comparison of the Kerry-Boxer bill and the Waxman-Markey energy and climate legislation that passed the House of Representatives in June, please see our recent Alert.

This month, the Energy and Clean Technology Practice Group would like to congratulate client Achates Power on their recent $12.12 million financing by RockPort Capital Partners, Sequoia Capital, InterWest Partners, and Madrone Capital Partners. Based in San Diego, Achates Power develops engines that provide both fuel efficiency and power density at lower cost.

Last month, A123 Systems Inc. made its debut on the NASDAQ as a publicly traded company with a $378 million initial public offering. The Massachusetts-based company produces lithium-ion batteries for the growing electric car market. John Fitzgibbon, an analyst at IPOscoop.com, said A123 drew interest from investors as a way to tap into new technology. “You can expect to see more of these,” he said.

We hope that you enjoy this month’s edition of the newsletter.

In This Edition

In the News: United States

In the News: Europe

Government Financial Assistance

Privately Sourced Financial Grants

Federal and State Happenings

Legal News

Events

In the News: United States

George Soros Pledges $1.1 Billion To Fund Climate Change Initiatives

Reuters – October 14, 2009

More info…

Florida Power & Light to Power the Largest Solar Plant in the U.S.

New Energy World Network – October 14, 2009

More info…

Siemens Financial Services Provides $178 Million Credit Facility to Windy Point Partners

New Energy World Network – October 13, 2009

More info…

Duke Energy Plans Offshore Wind Pilot Project

Clean Edge – October 9, 2009

More info…

Michigan To Invest $250 Million in Suniva Manufacturing Facility

Clean Edge – October 8, 2009

More info…

North American Wind Power Passes 27GW Mark According to New Report

New Energy World Network – October 7, 2009

More info…

Panasonic Set To Make Batteries for Tesla’s Model S

Greentech Media – October 5, 2009

More info…

U.S. Energy Efficient Engine Manufacturer Achates Power Raises $12.12 Million in Venture Capital

New Energy World Network – October 5, 2009

More info…

Amyris Biotechnologies Tallies $41.75 Million for C Round So Far

Greentech Media – October 1, 2009

More info…

Venture Capital Investments in Clean Technologies Reaches $1.9 Billion in the Third Quarter of 2009

Greentech Media – September 29, 2009

More info…

LS9 Raises $25 Million for Renewable Petroleum

Clean Edge – September 25, 2009

More info…

A123 Systems Jolts IPO Market

MarketWatch – September 24, 2009

More info…

Suntech Beats Its Own Solar Record for Efficiency

Greentech Media – September 23, 2009

More info…

Serious Materials Raises $60 Million More, Drywall Still on the Way

Greentech Media – September 22, 2009

More info…

In the News: Europe

Siemens International Buys Solel Solar Systems for $418 Million

Greentech Media – October 15, 2009

More info…

Spain’s Iberdrola Renovables Opens Arizona’s First Wind Farm

New Energy Finance – October 14, 2009

More info…

EU’s New Solar Plan Falls Short, Says Industry Group

Greentech Media – October 7, 2009

More info…

Global Clean Energy Investment Shows 9% Dip in Q3

New Energy Finance – October 5, 2009

More info…

Biomass Company Cycleenergy Raises €10 Million in Venture Capital

New Energy World Network – September 30, 2009

More info…

European Investment Bank Announces €500 Million in Loans to Irish Electricity Sector

Clean Edge – September 29, 2009

More info…

SolFocus, Dreen Europe, Águas de Portugal Partner To Develop 8.5MW of Solar Power

New Energy World Network – September 29, 2009

More info…

Sweden Awards €49 Million Investment Grant for Chemrec Biofuels Project

New Energy World Network – September 29, 2009

More info…

Recurrent Energy Launches European Operations with 4.8MW Spain Development

New Energy World Network – September 29, 2009

More info…

Cleantech M&A on the Rise according to German Venture Capital Firm Ventizz Capital Partners

New Energy World Network – September 24, 2009

More info…

Government Financial Assistance

Grants

New York American Recovery and Reinvestment Act State Energy Program–Solar PV Grants

Application Deadline: October 29, 2009

More info…

Bench-Scale and Slipstream Development and Testing of Post-Combustion Carbon Dioxide Capture and Separation Technology to Existing Coal-Fired Power Plants

Application Deadline: December 15, 2009

More info…

Massachusetts Technology Collaborative Sustainable Energy Economic Development (SEED)

Application Deadline: Rolling

More info…

Massachusetts Technology Collaborative Business Expansion Initiative (BEI)

Application Deadline: Rolling

More info…

Massachusetts Technology Collaborative Large Onsite Renewables Initiative

Application Deadline: Rolling

More info…

Massachusetts Green Energy Fund

Application Deadline: Rolling

More info…

Unsolicited Proposals to the Massachusetts Renewable Energy Trust’s Industry Investment and Development (II&D) Program

Application Deadline: Rolling

More info…

Focus on Energy Renewable Energy Incentives & Grants

Application Deadline: Rolling

More info…

Tax Incentives and Rebates

Federal Advanced Energy Manufacturing Tax Credit

More info…

Federal Modified Accelerated Cost Recovery System

More info…

Federal Business Investment Tax Credit

More info…

Federal Renewable Power Production Tax Credit

More info…

Federal Tax Credits for Home Builders

More info…

Federal Tax Deductions for Commercial Buildings

More info…

Self-Generation Incentive Program

More info…

California Property Tax Exclusion for Solar Energy Systems

More info…

Massachusetts Alternative Energy and Energy Conservation Patent Deduction (Personal and Corporate)

More info…

Massachusetts Hydropower-Property Tax Exemption

More info…

Massachusetts Local Property Tax Exemption

More info…

Massachusetts Corporate Income Tax Deduction

More info…

Massachusetts Technology Collaborative Commonwealth Wind Incentive Program: Micro Wind

More info…

Massachusetts Technology Collaborative Commonwealth Wind Incentive Program:
Community-Scale Wind

More info…

Massachusetts Commonwealth Solar

More info…

Privately Sourced Financial Grants

The Energy Foundation Grants

More info…

The Renewable Fuels Foundation Grants for Ethanol Production

More info…

The Carbon Trust

More info…

Federal and State Happenings

Schwarzenegger Signs Two Renewable Energy Bills, Vetoes Others

The Los Angeles Times – October 13, 2009

More info…

U.S. Representative Giffords’ Solar Roadmap Bill Passes Science and Technology Committee

Renewable Energy World – October 9, 2009

More info…

DOE Announces $87 Million in Funding To Support Solar Energy Technologies

Press Release, U.S. Department of Energy – October 8, 2009

More info…

Energy Department Announces New Private Sector Partnership To Accelerate Renewable Energy Projects

Press Release, U.S. Department of Energy – October 7, 2009

More info…

Secretary Chu Announces First Awards from $1.4 Billion for Industrial Carbon Capture and Storage Projects

Press Release, U.S. Department of Energy – October 2, 2009

More info…

Senators Kerry and Boxer Introduce Clean Energy Jobs and American Power Act

Renewable Energy World – October 1, 2009

More info…

California Approves $3.1 Billion Energy Efficiency Program

Clean Edge – September 28, 2009

More info…

Balance Energy Wants To Build Microgrids, Starting With San Diego

Greentech Media – September 23, 2009

More info…

Treasury, Energy Surpass $1 Billion Milestone in Recovery Act Awards for Clean Energy Projects

Press Release, U.S. Department of Energy – September 22, 2009

More info…

U.S. Energy Secretary Chu Announces $528 Million Loan for Advanced Vehicle Technology for Fisker Automotive

Press Release, U.S. Department of Energy – September 22, 2009

More info…

Secretary Chu Presents Smart Grid Vision and Announces $144 Million in Recovery Act Funding To Transition to the Smart Grid

Press Release, U.S. Department of Energy – September 21, 2009

More info…

U.S. Department of Energy Finalizes $5.9 Billion Loan for Ford to Develop Hybrid and Electric Vehicles

New Energy World Network – September 21, 2009

More info…

DOT Secretary Ray LaHood and EPA Administrator Lisa P. Jackson Propose National Program To Improve Fuel Economy and Reduce Greenhouse Gases

Press Release, U.S. Department of Transportation – September 15, 2009

More info…

Legal News

Climate Bill Differences: Waxman-Markey Versus Kerry-Boxer

Energy and Clean Technology Alert, Mintz Levin – October 7, 2009

More info…

Federal Clean Energy Policy Summaries: Key Updates from the Past Few Weeks

Energy and Clean Technology Advisory, Mintz Levin – October 7, 2009

More info…

What’s in a Domain Name? Maybe “Green,” “Clean” or “Eco”?

Trademark Advisory, Mintz Levin – October 7, 2009

More info…

Governor Patrick Signs Bill Delaying Implementation of Lobbying Law

Public Finance and Litigation Alert, Mintz Levin – October 2, 2009

More info…

The Second Circuit Reinstates Global Warming Federal Nuisance Claims against Utilities: Connecticut, et al. v. American Electric Power Co., Inc., et al.

Environmental Alert, Mintz Levin – October 1, 2009

More info…

Offsets Drive Opportunities in the New Carbon Economy

Energy and Clean Technology Alert, Mintz Levin – September 30, 2009

More info…

Making Connections, Managing Risk in Startup Deals: A Visit to Boston Law Firm Mintz Levin

Xconomy – August 25, 2009

More info…

Events

October

EnviroTech ‘09

5th International Exhibition on Environment, Water & Green Building Technologies

October 22-25, 2009
Mediterranean Exhibition Center
Athens, Greece

More info…

National Venture Capital Association Cleantech Roadtrip

October 27-28, 2009
Argonne National Lab
Argonne, Illinois

More info…

Solar Power International 09

October 27-29, 2009
Anaheim Convention Center
Anaheim, California

More info…

Energy Storage Summit

October 27-29, 2009
Hilton Alexandria Mark Center
Alexandria, Virginia

More info…

MIT 100K

October 29, 2009
Kirsch Auditorium, Massachusetts Institute of Technology
Cambridge, Massachusetts

More info…

November

The Networked Grid

November 4, 2009
PG&E Auditorium
San Francisco, California

More info…

3rd Annual Essential CleanTech Investor Summit

November 10, 2009
Park Plaza Victoria
London, United Kingdom

More info…

New England Clean Energy Council Green Tie Gala

November 11, 2009
John F. Kennedy Presidential Library and Museum
Boston, Massachusetts

More info…

New England Clean Energy Council Conference on Clean Energy

November 12-13, 2009
Hynes Convention Center
Boston, Massachusetts

More info…

Next Generation Biofuels Feedstocks USA

November 16-17, 2009
Le Meridien Hotel
San Francisco, California

More info…

Carbon Capture and Storage Forum

November 25, 2009
Le Meridien Piccadilly
London, United Kingdom

More info…

New recipients: subscribe here.

Thomas R. Burton III
Chair
Energy and Clean Technology (Boston)
(617) 348-3097
TRBurton@mintz.com

Brady Berg
Member
Corporate (Palo Alto)
(650) 251-7758
BBerg@mintz.com

Evan M. Bienstock
Corporate (New York)
(212) 692-6869
EMBienstock@mintz.com

Travis L. Blais
Tax (Boston)
(617) 348-1684
TLLBlais@mintz.com

Faith L. Charles
Member
Corporate (New York)
(212) 692-6770
FLCharles@mintz.com

Ralph A. Child
Member
Environmental (Boston)
(617) 348-3021
RChild@mintz.com

Tania Rodrigues Cleary
Corporate (Boston)
(617) 348-4890
TRCleary@mintz.com

Jonathan M. Cosco
Real Estate (Boston)
(617) 348-4727
JMCosco@mintz.com

Julian Crump
Managing Partner, Member
Intellectual Property (London)
+44 (0) 20 7776 7302
JCrump@mintz.com

Daniel I. DeWolf
Member
Co-Chair, Venture Capital and
Emerging Companies Group
Corporate (New York)
(212) 692-6223
DDeWolf@mintz.com

David P. Dutil
Member
Corporate (Washington)
(202) 434-7425
DDutil@mintz.com

Susan L. Foster, Ph.D.
Member
Corporate (London)
+44 (0) 20 7776 7330
SFoster@mintz.com

Jeremy D. Glaser
Member
Corporate (San Diego)
(858) 314-1515
JDGlaser@mintz.com

Jeremy B. Hayden
Of Counsel
Corporate (San Diego)
(858) 314-1524
JBHayden@mintz.com

Irwin M. Heller
Member
Corporate (Boston)
(617) 348-1654
IHeller@mintz.com

Katherine Comer Holliday
Of Counsel
Corporate (Boston)
(617) 348-1796
KHolliday@mintz.com

Richard A. Kanoff
Of Counsel
Energy Regulatory and
Project Development (Boston)
(617) 348-3070
RAKanoff@mintz.com

Patrick J. Kealy
Of Counsel
Corporate (Boston)
(617) 348-1679
PJKealy@mintz.com

Jonathan L. Kravetz
Member
Chair, Securitites Practice Group
Corporate, Securities (Boston)
(617) 348-1674
JLKravetz@mintz.com

Carl A. Kukkonen III
Member
Intellectual Property (San Diego)
(858) 314-1535
CAKukkonen@mintz.com

Cynthia J. Larose
Member
Corporate (Boston)
(617) 348-1732
CJLarose@mintz.com

David J. Leiter
President‚ ML Strategies‚
Washington‚ D.C.
ML Strategies (Washington)
(202) 434-7346
DJLeiter@mlstrategies.com

Jeffrey A. Moerdler
Member
Real Estate, Communications, Environmental (New York)
(212) 692-6700
JAMoerdler@mintz.com

David L. O’Connor
Senior Vice President for
Energy and Clean Technology
ML Strategies (Boston)
(617) 348-4418
DOConnor@mlstrategies.com

Jeffrey R. Porter
Member
Environmental (Boston)
(617) 348-1711
JPorter@mintz.com

Mark J. Riedy
Member
Corporate (Washington)
(202) 434-7474
MJRiedy@mintz.com

Jennifer Sacco Smith
Real Estate (Boston)
(617) 348-1678
JSaccoSmith@mintz.com

Chuck A. Samuels
Member
Federal/Energy Efficiency (Washington)
(202) 434-7311
CASamuels@mintz.com

Paul J. Scapicchio
Senior Vice President
of Government Relations
ML Strategies (Boston)
(617) 348-3031
PJScapicchio@mlstrategies.com

Gabriel Schnitzler
Real Estate (Palo Alto)
(650) 251-7720
GSchnitzler@mintz.com

Sahir C. Surmeli
Member
Corporate (Boston)
(617) 348-3013
SSurmeli@mintz.com

Stanley A. Twarog
Member
Corporate (Boston)
(617) 348-1749
STwarog@mintz.com

Paula J. Valencia-Galbraith
Corporate (Boston)
(617) 210-6854
PVGalbraith@mintz.com

Michael D. Van Loy, Ph.D.
Intellectual Property (San Diego)
(858) 314-1559
MDVanLoy@mintz.com

Maureen J. Walsh
Director of Federal Government Relations
ML Strategies (Washington)
(202) 434-7388
MJWalsh@mlstrategies.com

Scott C. White
Corporate (San Diego)
(858) 314-1511
SCWhite@mintz.com

Peter B. Zlotnick
Member
Litigation (New York)
(212) 692-6887
PBZlotnick@mintz.com




Boston | Washington | New York | Stamford | Los Angeles | Palo Alto | San Diego | London