In the May 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 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. This month, the Energy and Clean Technology Practice Group would like to congratulate clients EnerNOC and Metal Oxygen Separation Technologies Inc. Earlier this month, EnerNOC secured a multi-year contract to provide Tucson Electric Power with up to 40 megawatts of demand response capacity. Meanwhile, Metal Oxygen Separation Technologies was named a winner in the U.S. Department of Energy’s Industrial Energy Efficiency Grand Challenge, taking home a prize of $260,000. In Washington this month, Senators John Kerry (D-MA) and Joseph Lieberman (I-CT) unveiled their long-anticipated energy and climate legislation. The legislation aims to cut emissions of greenhouse gases by 17% by 2020; it also includes increased protections for offshore drilling, and would, for the first time, set a price on carbon dioxide emissions produced by some major polluters. For the most up-to-date information on the legislation and other federal programs, please click here to find the most recent ML Strategies Weekly Energy and Environment Update. Last month, Interior Secretary Ken Salazar formally approved the Cape Wind project. Located off the coast of Massachusetts in Nantucket Sound, Cape Wind would be the first offshore wind farm in the United States if completed. In financing news, Mintz Levin has teamed with the law firm Krieg DeVault and the investment bank Stern Brothers to develop a bond-oriented approach for financing commercial biofuels projects. The platform has received favorable initial reaction from the U.S. Department of Agriculture, and could help resolve the funding delays and other issues presently facing the commercialization of biofuels. We hope that you enjoy this month’s edition of the newsletter.
In This EditionGovernment Financial Assistance Privately Sourced Financial Grants
In the News: United StatesJinko Solar’s IPO Meets with Tepid ReactionGreentech Media–May 16, 2010 The Name is Bond: A Tool To Break Biofuels Financing Logjam?Biofuels Digest–May 13, 2010 EnerNOC Takes Demand Response to TucsonGreentech Media–May 12, 2010 Solaria Raises $45 Million, Wind Storage Gets $3 MillionGreentech Media–May 11, 2010 Run Energy Signs 460-MW Wind O&M DealRenewable Energy World–May 10, 2010 National Grid Sets Sail with Cape Wind Power Purchase DealBusinessGreen.com–May 10, 2010 Venture Capital Investment in Clean Technology Bolstered by Energy Efficiency and Electric Vehicle DealsNew Energy World Network–May 6, 2010 Leading Oil Refiner Invests in More AlgaeCNET News–May 6, 2010 Clean Energy M&A: Six Trends To WatchGreentech Media–May 6, 2010 Six Massachusetts Clean Tech Firms Win $1.7 Million in DOE GrantsMass High Tech–May 5, 2010 Google Invests Nearly $39 Million in Wind FarmsCNET News–May 3, 2010 U.S. Wind Developers National Wind, KRS to Develop 300 MW Texan Community Wind ProjectNew Energy World Network–April 30, 2010 Solar Power Partners Raises $215 MillionRenewable Energy World–April 29, 2010 Joule Gets $30 Million in Second Round Funding for Advanced Biofuel TechnologyClean Edge–April 28, 2010 Interior Secretary Approves Cape Wind Plan, Nation’s First Offshore Wind FarmThe Boston Globe–April 28, 2010 U.S. Closes $529 Million Loan to Fisker To Drive Electric Vehicle DevelopmentNew Energy World Network–April 26, 2010 Solar Microinverter Developer SolarBridge Raises $15 Million in Series B FundingNew Energy World Network–April 26, 2010 Codexis IPO: Biocatalyst Startup Debuts on Nasdaq at Low EndEarth2Tech–April 22, 2010 Amonix Secures $129.4 Million in FinancingRenewable Energy World–April 22, 2010 Amyris IPO: The S-1, By the NumbersEarth2Tech–April 18, 2010
In the News: Europe and AsiaAmerican Superconductor Announces $445 Million Order from Chinese Wind Turbine Maker SinovelClean Edge–May 17, 2010 Samsung To Invest $21 Billion in Solar Cells, LEDs and MoreBloomberg BusinessWeek–May 14, 2010 THINK To Further Electric Vehicle Development with New $40 Million Equity RoundClean Edge–May 12, 2010 UK Coalition Parliament Expected To Increase Renewables Spending, Appoints Chris Huhne as Energy SecretaryNew Energy World Network–May 12, 2010 The Crown Estate Awards 2GW Additional Wind CapacityNew Energy World Network–May 11, 2010 China Hydroelectric Corp. Acquires 19-MW ProjectRenewable Energy World–May 7, 2010 Abengoa Solar’s 50 MW Concentrated Solar Plant Begins Operation in SpainClean Edge–May 7, 2010 China, South Korea Lead in Green Tech FundingCNET News–May 6, 2010 ABB Acquires Ventyx for Over $1 BillionGreentech Media–May 5, 2010 SunEdison To Build 12 Solar Parks in ItalyRenewable Energy World–May 4, 2010 Vestas Wins Four Chinese Wind Turbine Orders Totaling 198MWNew Energy World Network–April 27, 2010 Total Dives Further into Biofuel with Coskata InvestmentCleantech–April 27, 2010 Rabobank To Raise Up to €1.5 Billion for Solar and Wind Project Finance FundNew Energy World Network–April 26, 2010 European Investment Firm WHEB Ventures Raises £100 Million for Second Clean Technology FundNew Energy World Network–April 22, 2010 French Biofuel Technology Developer Deinove Sets IPO PriceNew Energy World Network–April 22, 2010
Government Financial AssistanceGrantsNew York State Energy Research and Development Authority–Innovations in Demand Response, Load Management and Dynamic PricingApplication Deadline: June 15, 2010 New York State Energy Research and Development Authority–Renewable, Clean Energy, and Energy Efficiency Product Manufacturing Incentive ProgramApplication Deadline: June 10, 2010 Massachusetts Technology Collaborative Sustainable Energy Economic Development (SEED)Application Deadline: Rolling Massachusetts Technology Collaborative Business Expansion Initiative (BEI)Application Deadline: Rolling Massachusetts Technology Collaborative Large Onsite Renewables InitiativeApplication Deadline: Rolling Massachusetts Green Energy FundApplication Deadline: Rolling Unsolicited Proposals to the Massachusetts Renewable Energy Trust’s Industry Investment and Development (II&D) ProgramApplication Deadline: Rolling Focus on Energy Renewable Energy Incentives & GrantsApplication Deadline: Rolling
Tax Incentives and RebatesFederal Advanced Energy Manufacturing Tax CreditFederal Modified Accelerated Cost Recovery SystemFederal Business Investment Tax CreditFederal Renewable Power Production Tax CreditFederal Tax Credits for Home BuildersFederal Tax Deductions for Commercial BuildingsSelf-Generation Incentive ProgramCalifornia Property Tax Exclusion for Solar Energy SystemsMassachusetts Alternative Energy and Energy Conservation Patent Deduction (Personal and Corporate)Massachusetts Hydropower-Property Tax ExemptionMassachusetts Local Property Tax ExemptionMassachusetts Corporate Income Tax DeductionMassachusetts Technology Collaborative Commonwealth Wind Incentive Program: Micro WindMassachusetts Technology Collaborative Commonwealth Wind Incentive Program: Community-Scale WindMassachusetts Commonwealth Solar
Privately Sourced Financial GrantsThe Energy Foundation GrantsThe Renewable Fuels Foundation Grants for Ethanol ProductionThe Carbon Trust
Federal and State HappeningsBill Aimed To Stem Global Warming, Create JobsThe Washington Post–May 12, 2010 Home Renovators Alert: House Passes Caulkers BillThe Washington Post–May 6, 2010 New York Uses Proceeds from Regional Cap-and-Trade Auctions, Other Funds To Award $11.3 Million to Clean-Energy ProjectsClean Edge–May 5, 2010 DOE Announces $106 Million in Funding to 37 Research Projects through APRA-E ProgramClean Edge–May 3, 2010 U.S. Commits $200 Million to Solar and Water Power Technologies Ahead of Climate Change BillNew Energy World Network–April 23, 2010 U.S. Department of Energy To Spend $28 Million on Energy Efficiency and Retrofit ProgramsNew Energy World Network–April 22, 2010 New York Gets $40 Million in PACE FundsRenewable Energy World–April 22, 2010 California Launches $35.2 Million Cash for Appliances ProgramNew Energy World Network–April 22, 2010 U.S. Military at Forefront of Clean Energy Deployment, Says Pew TrustNew Energy World Network–April 22, 2010 New York Awards $204 Million to Eight Clean-Energy ProjectsClean Edge–April 16, 2010
Legal NewsDOE Releases New Report on Benefits of Recovery Act for Small BusinessesEnergy and Clean Technology Advisory, Mintz Levin – April 13, 2010 Biomass under Attack: When is Carbon Neutral?Energy and Clean Technology Advisory, Mintz Levin – April 13, 2010 Attention Foreign Entrepreneurs: New StartUp Visa Act of 2010 Introduced in CongressImmigration Advisory, Mintz Levin – March 3, 2010 Webinar: Responding to the SEC’s New Disclosure Requirements for 2010: Tips and Strategies To Prepare for Proxy SeasonSecurities Law Webinar, Mintz Levin – March 2, 2010 Mintz Levin’s Energy and Clean Tech Practice Completed 40 Transactions in 2009Press Release, Mintz Levin – March 1, 2010
EventsMayASES National Solar Conference 2010May 17-22, 2010 The Networked Grid 2010May 18-19, 2010 Wind Power 2010 Conference and ExpoMay 23-26, 2010 Cleantech Focus: ChinaMay 28-29, 2010 JuneRenewable Energy World Europe 2010June 8-10, 2010 Intersolar Europe 2010June 9-11, 2010 Cleantech Focus: Bringing India and China To New EnglandJune 10, 2010 Clean Technology Conference & Expo 2010June 21-24, 2010 Renewable Energy Finance Forum–Wall StreetJune 29-30, 2010 JulyGrowth Opportunities in Utility Scale SolarJuly 13, 2010 Intersolar North America 2010July 13-15, 2010 Cleantech Focus: ChicagoJuly 27, 2010
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Thomas R. Burton III Brady Berg Evan M. Bienstock Travis L. Blais Faith L. Charles Ralph A. Child Tania Rodrigues Cleary Jonathan M. Cosco Julian Crump Daniel I. DeWolf Susan L. Foster, Ph.D. Jeremy D. Glaser Jeremy B. Hayden Irwin M. Heller Richard A. Kanoff Jonathan L. Kravetz Carl A. Kukkonen III Cynthia J. Larose David J. Leiter Jeffrey A. Moerdler David L. O’Connor Jeffrey R. Porter Mark J. Riedy Jennifer Sacco Smith Chuck A. Samuels Paul J. Scapicchio Gabriel Schnitzler Sahir Surmeli Stanley A. Twarog Paula J. Valencia-Galbraith Michael D. Van Loy, Ph.D. Maureen J. Walsh Scott C. White Peter B. Zlotnick
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