Energy & Sustainability

It has been over two years since Governor Baker enacted the Solar Massachusetts Renewable Target (SMART) Program, and nearly one year since the state’s Department of Energy Resources (DOER) released its final set of proposed regulations for the program.

In May, Mintz Levin client Axiom Exergy closed an impressive $7.6 million Series A round to scale its cold-storage device for grocery stores, bringing its total fundraising to $12.5 million.

In a report titled Moving Electrons, investment firm Village Capital highlighted the transportation sector as the next big focal point for cleantech investors seeking opportunities to support firms and sectors that are likely to significantly reduce carbon emissions.

On May 10, the House Energy and Commerce Subcommittee on Energy held a hearing to discuss the state of the country’s electric transmission infrastructure. This hearing was a continuation of the Subcommittee on Energy’s Powering America series, a series of hearings dedicated to examining aspects of the nation’s power sector.

Wind is blowing up in the Commonwealth! A report from Environment Massachusetts shows that offshore wind could help power the state’s electricity needs 19 times over – and major generators are already working to make it happen.

This month we are excited to highlight our client NBD Nanotechnologies! The Boston-based innovator recently secured an $8 million Series B financing to further grow its business while continuing to innovate within its proprietary platform focused on specialty chemical products that change the surface properties of materials like glass and plastic.

On April 12, the House Energy and Commerce Subcommittee on Energy held a hearing on “The Fiscal Year 2019 Department of Energy Budget” with testimony from Secretary of Energy Rick Perry.

For all the publicity generated by the recent increase in value of Bitcoin, as well as the generally increasing awareness of the existence of blockchain technology, Greentech Media’s recent Blockchain in Energy Forum 2018 held in New York City demonstrated that the technology is incredibly young and all stakeholders—utilities, regulators, entrepreneurs, consumers and investors—are still struggling with the ultimate impact of distributed ledger systems.

The world is changing! Over the last several years, Environmental, Social and Governance (ESG) criteria have been an emerging focus in the investing world, primarily driven by equity investors where it can be harder for a company raising funds to correlate capital costs with ESG impact.

Analysis by Bloomberg New Energy Finance finds that roughly 18% of U.S. energy generation is supplied by renewable sources. The details can be found in the 2018 edition of the Sustainable Energy in America Factbook, Bloomberg’s dive into the country’s energy mix and evaluation of how various renewable energy industries are faring.

On February 7, the Baker-Polito Administration announced that Massachusetts has installed more than 2,000 megawatts (MW) of solar electricity through 78,646 projects across the state. The achievement represents the culmination of various projects that make Massachusetts a leader in clean energy and energy efficiency and help the Commonwealth meet greenhouse gas reduction requirements set out by the Global Warming Solutions Act.

After releasing a request for proposals in March 2017 seeking long-term contracts for clean energy projects, on January 25 the Baker-Polito administration selected the Northern Pass Hydro (Northern Pass) project to move forward to contract negotiations with Massachusetts’ electric distribution companies in an effort to bring over 1,000 megawatts of electricity to the Commonwealth.

In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the fourth installment of the series.

In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the third installment of the series.

In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the second installment of the series.

Following months of speculation, on January 23, 2018, the Trump Administration issued a Proclamation announcing new tariffs on imported solar cells and modules (the “Solar Tariff”) in response to the Section 201 petition brought by Suniva and SolarWorld Americas.

In this four-part series, we revisit 2017’s biggest developments in Energy & Sustainability-related news, milestones, policy changes, and financial transactions. This is the first installment of the series.

A new report from Baird Equity Research outlines the inroads made by solar energy the past two years and projects the industry’s continued growth over the long term. In particular, the report cites increased installations, decreasing costs, and consistent technological advancements as key contributors to the industry’s success.

Kohl’s Department Stores Inc. was recently successful in obtaining dismissal of a Telephone Consumer Protection Act (TCPA) Class Action Complaint filed against it by Amy Viggiano. The reason? Because Ms. Viggiano failed to properly opt-out of receiving text messages.

On December 12, French President Emmanuel Macron, joined by President of the World Bank Group, Jim Yong Kim and the Secretary-General of the United Nations, António Guterres, hosted the One Planet Summit highlighting public and private finance in support of climate action. The summit’s focus centered on addressing the fight against climate change and ensuring that climate issues are central to the finance sector.