Sustainable Energy & Infrastructure M&A Activity — May 2025

By Thomas R. Burton, III, Sahir Surmeli

Recent M&A Activity:

April 17, 2025: Holocene Climate Corporation, a developer of carbon removal technology designed to use organic chemistry to remove carbon dioxide from the air, was acquired by Occidental Petroleum (NYS: OXY) for an undisclosed amount. On its acquisition of Holocene, Occidental said it believes combining the Carbon Engineering technology with Holocene’s technology “will enable us to advance our R&D activities to improve the efficiency of our direct air capture process, reduce CO2 capture costs and accelerate DAC deployment.”

March 27, 2025: Talen Renewable Energy, operator of a renewable energy generation company, was acquired for an undisclosed amount. Previously, the renewable energy division of Talen Energy (NYS: TLN) was acquired by Energy Power Partners through a $116 million LBO on November 2, 2015.

 

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    Sustainable Energy & Infrastructure Connections — May 2025

    May 2, 2025| Article|

    Authors

    Thomas R. Burton, III

    Thomas R. Burton, III

    Member / Chair, Sustainable Energy & Infrastructure Practice

    Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.
    Sahir Surmeli

    Sahir Surmeli

    Member / Co-Chair, Sustainable Energy & Infrastructure Practice

    Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.