BOSTON, MA—Mintz’s Energy & Sustainability practice continues its commitment to energy transition with more than 80 deal closings totaling $4 billion over the past 12 months, as global investment in energy transition showed continued strength in an overall down market.
Mintz Energy & Sustainability deal highlights include representing:
Activate Capital, as lead investor in weather intelligence platform Tomorrow.io’s $100M Series E financing
Aspen Aerogels, a technology leader in sustainability and electrification solutions, in its registered direct offering of $75 million.
Boston Metal, a global metals technology solutions company, in the close of its Series C financing, bringing the series total to $262 million.
Cambrian Innovation, a leader in wastewater treatment, in Pennybacker Capital’s investment into the company and commitment of up to $200 million.
Cultivo Land PBC, a climate-focused fintech startup, on its $14 million Series A funding round, bringing the company’s total funding to over $20 million.
Gradiant Corporation, a global end-to-end solutions provider of advanced water and wastewater treatment, in its $300 million Series D financing.
Logical Buildings, a leading smart building software and solutions company, in its $110 million virtual power plant (VPP) project facility with Keyframe Capital.
Marubeni, in the development and financing of standalone storage projects in California and Texas.
Mitsui, in the acquisition of a utility scale solar and battery project in Texas, and in the development and tax equity financing of the project ($150 mm +).
NET Power, in the completion of its previously announced business combination with Rice Acquisition Corp. II (NYSE: RONI).
Quaise, a developer of a new hybrid deep drilling technology for geothermal energy, in raising more than $80 million over several years.
Sojitz, in the sale of its interest in the Kleen Project, a 620-megawatt combined cycle power project in Connecticut, to ArcLight Capital Partners.
“2023 was a remarkable year for our practice,” said Thomas R. Burton, III, Member, Co-Chair, Mintz Energy & Sustainability practice. “For the last 20 years, the Mintz Energy & Sustainability team has been at the forefront of the energy transition, which uniquely positions us to provide value to clients at all stages of the business lifecycle, from initial concept through financing and deployment. The depth of our experience allowed us to deploy creative solutions, including facilitating several first-of-their-kind transactions, to further our clients’ goals. Looking forward, we’re committed to partnering with companies across the ecosystem as they leverage opportunities to accelerate innovation and grow their businesses while navigating anticipated fundraising headwinds – all in support of a more sustainable future.”
In addition to supporting clients on numerous deal closings, Mintz has had the opportunity to be part of several transformative community projects. Most recently, the Project Finance team worked with Building Bridges Across the River (BBAR) on the 11th Street Bridge Park project, a multi-level bridge park connecting Washington, DC to Anacostia.
To better serve the full scope of its client needs, Mintz has continued to expand its growing Energy & Sustainability practice, announcing several new team members and elevations over the past year:
Steven Shparber (Member, Washington, DC) and Omar Bustami (Associate, San Diego), both of whom were at the Federal Energy Regulatory Commission (FERC) earlier in their careers, joined Mintz in July 2023, bringing extensive energy regulatory, project development, and administrative litigation experience.
John Lushetsky (Senior Vice President, ML Strategies, Washington, DC), joined Mintz in September 2023 from a senior position in the DOE LPO, advancing Mintz’s ability to advocate for client interests in Congress and federal agencies and regulatory bodies.
Andrew Hulsh (Member, New York), a leading private equity attorney with a focus on renewable energy, joined Mintz in April 2023.
Kristopher Kirkwood a Washington, DC a deal lawyer who advises clients on the development, financing, construction, purchase, and sale of renewable energy and infrastructure projects, was elevated to Member in January 2024.
About Mintz Energy & Sustainability
The Mintz Energy & Sustainability team is committed to advancing innovation, transforming infrastructure, and scaling solutions integral to business success and a thriving planet. Led by Co-Chairs Tom Burton and Sahir Surmeli, and comprising Projects & Infrastructure Chair Ayaz Shaikh and Member Paul Dickerson, the team includes 15 core members and 50+ industry-leading attorneys and professionals across legal disciplines. As one of the first law firms to develop a practice focused on energy and sustainability innovation, Mintz has represented 800+ transactions over nearly two decades, with more than $30 billion in investment value raised. The practice currently serves 250 clients spanning the climate tech, energy transition, sustainable infrastructure, and green industrial sectors. More information is available here.