Sustainable Energy & Infrastructure

Read about recent M&A activity in the energy and sustainability space, including ABM Industries’ acquisition of RavenVolt, a provider of turn-key microgrid systems and solutions, for $450 million.

Learn about upcoming energy industry events, including NECA’s 2022 Fuels Conference.

Read about a motion filed by the state of New Jersey urging a federal judge in Massachusetts not to block General Electric–made wind turbines that a jury found to infringe a Siemens patent and an acid neutralization technology patent filed by Montauk Renewables.

Read about Quaise Energy, an energy company unlocking terawatt-scale geothermal energy by developing and utilizing millimeter-wave drilling systems, and the expansion of its Series A financing round from $40 million to $52 million.

In this webinar, Anne Levin-Nussbaum, a Member in our Energy & Sustainability and Tax Practices and her colleagues at ML Strategies discuss the energy tax provisions, review the Act’s new direct funding opportunities and offer insights regarding the implementation of such funding programs.

When President Biden’s signature Build Back Better Act faltered last year, many viewed the effort to be a failure. However, negotiations continued before Senate Majority Leader Chuck Schumer (D-NY) and Sen. Joe Manchin (D-WV) announced the package in late July. Nearly half of the $737 billion in revenue will be invested in clean energy and includes many direct funding opportunities in the form of grants, loans, and rebates focused on climate, energy, and energy efficiency. 

Read about the Inflation Reduction Act of 2022 enacted August 16, 2022, which extends and expands existing tax credits and adds several new energy tax credits to encourage the production of electricity using clean energy and the reduction of carbon emissions.

This issue of Energy & Sustainability Connections includes features on the Federal-State Partnership to Accelerate the Development of Offshore Wind Projects, FirstLight Power, clean energy tax incentives in the Inflation Reduction Act of 2022, plus energy policy news from Washington, IP developments, litigation updates, and a roundup of recent M&A activity.

Read about the Federal-State Offshore Wind Implementation Partnership, a joint effort of the Biden administration and 11 East Coast states aimed at accelerating the development of US offshore wind projects. 

Read about the US Supreme Court decision in West Virginia v. EPA, which limited the EPA’s authority under the Clean Air Act to devise emissions caps, and the SEC’s recent focus on climate disclosures and green investing.

Read about clean power producer and energy storage company FirstLight Power and its successful bid, with a consortium of investors, for a seabed lease in the New York Bight offshore wind lease sale.

Read about the latest round of M&A activity in the energy and sustainability space. Read here.

Read about the USPTO’s commitment to becoming a technology partner to the World Intellectual Property Organization’s WIPO GREEN sustainability wing and its other initiatives to address climate change, plus recent IP litigation and patent developments.

Read Mintz’s summary of important tax provisions included in the recently announced Inflation Reduction Act of 2022. If it is signed into law, the Act will establish a 15% corporate minimum tax; modify the carried interest rule; and expand, extend, and add new energy tax credits.

Our August 2022 Energy & Sustainability Washington Update covers the Inflation Reduction Act, a pending Senate bill calling for significant investments in energy security and addressing climate change, and Bipartisan Infrastructure Law opportunities issued by the US Department of Energy.

Read an analysis of the differences between public benefit corporations and traditional corporations and issues for founders of mission-driven business to consider when deciding on a corporate structure.

Our July 2022 Energy & Sustainability Washington Update covers the Democrats’ continued push for a revised Build Back Better Act, a letter from House Democrats to the SEC on climate risk disclosure issues, the strong growth of energy jobs, new energy & sustainability legislation, and more.

Read about recent M&A activity in the energy and sustainability space, including Caterpillar’s acquisition of Tangent Energy Solutions, an operator of an energy production agency focused on developing renewable energy projects.