Energy Technology Matters

The Latest Legal, Financing, and Policy Developments in Energy and Clean Tech

President Obama Issues Executive Order on Emissions as Budgets Move Through

Posted in Energy Technology News, Federal Policy, Legislative Updates

On March 19th, President Obama, continuing to push his climate change agenda over his final two years, signed an executive order requiring that by 2025 the federal government decrease its greenhouse gas (GHG) emissions 40 percent. The announcement was coupled with pledges from several private sector partners to cut their own GHG output. Meanwhile, in the last week the House and Senate moved on their budgets and the Department of Interior issued its fracking rule. Read more in the latest Energy and Environment Update from ML Strategies.

Department of Energy Releases Wind Vision Report: Accelerating Growth Offers a Promising Future

Posted in Energy Efficiency, Energy Technology News, Federal Policy, Wind

Recently, the DOE’s Office of Energy Efficiency and Renewable Energy issued Wind Vision: A New Era for Wind Power in the United States. The report, a follow up to the 2008 20% Wind Energy by 2030, looks at the future of wind power through 2050 along with the economic, environmental, and social benefits of a robust wind industry. Key takeaways include: Continue Reading

U.S. Advanced Energy Market Surpasses Airline Industry, Rivals Pharmaceuticals

Posted in Articles, Capital Markets, Energy Technology News, Solar, Wind

In their recently released 2015 Market ReportAdvanced Energy Economy reveals that the US advanced energy market grew to $200 billion in 2014, an increase of 13% above the total for 2013. This activity positions the U.S. advanced energy market in strong company, $20 billion higher than the airline industry and neck-and-neck with pharmaceutical manufacturing. In addition, the powerhouse consumer electronics market lies within reach at $211 billion. Strong postings from wind, solar photo-voltaics, and natural gas added to the already strong foundation of the largest segment of U.S. advanced energy – building efficiency products and services.

The 2015 Report, the third such publication from Advanced Energy Economy, was compiled in partnership with Navigant Research. The report provides up-to-date information on a wide spectrum of energy-related market sectors, including transportation, fuel production, fuel delivery, building efficiency, generation, delivery and management, and more. Click here to view highlights from the report.

Cleantech Law Alert: Jordan Collins on Open Atlantic Coast Oil and Gas Drilling, Restricted Alaskan Waters

Posted in Articles, Energy Technology News, Federal Policy

In our second installment of this quarter’s Cleantech Law Alert from CleanEdge, ML Strategies’ Jordan Collins wades through numerous recent announcements made by the Obama Administration regarding oil and gas drilling leases off the coasts of the United States. These announcements, which came as part of the Department of the Interior’s Five-Year Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022, drew significant national attention for offering what would be the first off-shore drilling lease in the Atlantic, as well as for restricting a sizable portion of the Alaskan coastline from any future drilling due to ecological concerns. Click here to read Jordan’s full report and analysis.

This article was originally published in the CleanEdge Quarterly Clean-Tech Law Alert.

Energy Department Announces $35 Million to Advance Fuel Cell and Hydrogen Technologies

Posted in Advanced Batteries, Energy Efficiency, Federal Policy

On March 3rd, the Department of Energy (DOE) announced $35 million in funding to promote innovation in fuel cell and hydrogen technologies. The funding announcement will facilitate early adoption of a wide variety of hydrogen fuel cell applications – including light duty fuel cell electric vehicles (FCEVs) – by supporting research and development. Many automakers are showing interest in putting FCEVs on the road, potentially as soon as 2017. As these vehicles become increasingly commercially available, the Energy Department will be focusing on increasing technical advancements of critical hydrogen infrastructure including production, delivery, and storage.  In addition, the Department is seeking to continue demonstrating the value of early market deployments such as plug-in fuel cell vehicles. The Funding Opportunity Announcement (FOA), available here, will include two general areas of interest each with several subtopics:

Continue Reading

Cleantech Law Alert: Sahir Surmeli on 2014 Cleantech and Renewables IPO Statistics

Posted in Articles, Capital Markets, Corporate Transactions, Energy Financing, Energy Technology News, Initial Public Offering

In this quarter’s Cleantech Law Alert from CleanEdge, Sahir Surmeli takes a deep look at the Initial Public Offering statistics for Cleantech and Renewable companies in 2014. Last year was the most active year for IPOs in the United States since 2000, with an astounding 275 IPOs completed in 2014. Sahir explores what this activity means for emerging clean technology and renewable energy companies that might be looking to the capital markets.  As he reveals, there were nine cleantech/renewables IPOs in 2014, two more than the year before. However, in both years, these numbers represented a relatively small percentage of total IPOs and still have not matched the activity in the more traditional energy and oil & gas sector. To read Sahir’s full piece, please find his article here.

This article was originally published in the CleanEdge Quarterly Clean-Tech Law Alert.

ML Strategies: Keystone XL, Energy Efficiency Heat Up in Congress

Posted in Energy Technology News, Federal Policy, Legislative Updates

Congress returns from the Presidents’ Day recess, and energy and climate issues will heat up again this work period as Congress sends the Keystone XL pipeline legislation to President Obama, committees consider fiscal year 2016 spending requests, Senators Jeanne Shaheen (D-NH) and Rob Portman (R-OH) prepare to introduce a broad energy efficiency package, and the Federal Energy Regulatory Committee holds a workshop on the Clean Power Plan, all in the midst of a calendar filled with several other issues.

» Read this week’s Energy & Environment Update.

Apply Now for Cleantech Open Northeast’s 2015 Start-Up Accelerator Program

Posted in Client Highlights, Energy Efficiency, Energy Financing, Energy Technology News, Massachusetts Renewable Energy, Smart Grid, Solar, Waste to Value, Water, Wind

Last week, Cleantech Open Northeast announced the exciting launch of their 2015 start-up accelerator program. Cleantech Open, the oldest and largest cleantech start-up accelerator program in the US, is once again calling for the best and brightest new ideas in generation, efficiency, distribution and storage, chemicals and advanced materials, transportation, water, waste, and other critical fields. Mintz Levin is thrilled to continue to support and sponsor this incredible opportunity for young cleantech companies.

Applications are due by May 1st.

The program gives all participants access to world-class, tailored mentoring from experienced cleantech business experts and a national network of influencers, entrepreneurs, and investors. The start-up accelerator program offers cleantech entrepreneurs the chance to compete for 4-6 winning packages of $20,000, as well as a top national prize of $200,000.

There is a fee to apply to the program – but if you apply by March 1st, there is a discounted rate. Click here to register and get started on your application, and make sure to check out the FAQs if you run into any questions. We wish everyone the best of luck in the competition!

President Obama Releases Budget Request, Commits Heavily to Energy and Climate Push

Posted in Energy Technology News, Federal Policy, Legislative Updates, State Happenings

On Monday, President Obama released his fiscal year 2016 budget request as Congress continues to address energy issues including the Keystone XL pipeline, LNG export legislation, and tax reform. In his $4 trillion budget request, President Obama recommitted to his climate change agenda with a full state of funding proposals that set the stage for a budget fight with Congressional Republicans, who have little appetite for climate spending and will spend significant effort working to overturn related regulations, such as the Environmental Protection Agency’s recent Clean Power Plan proposal. Meanwhile, the Senate approved legislation (S. 1) to support the construction of the Keystone XL pipeline, with nine Democrats joining their Republican colleagues in approving the measure 62-36. Five votes short of the 67 needed to override a presidential veto, Republicans await a forthcoming veto decision from President Obama. Read all about these and other pressing developments in Washington and across the country in this week’s Energy and Environment Update from ML Strategies.

Schedule 13G Filings – 2015 Due Date & Reminders

Posted in Capital Markets, Corporate Transactions

Thanks to Valentine’s Day falling on a Saturday this year, investors have a few extra days to file Schedule 13Gs, which will be due on Tuesday, February 17, 2015. Are you an investor in companies that went public in 2014? If so, you may be required to file as well. For more information, read  Mintz Levin’s Securities Matters blog post, which contains a detailed memorandum about the rules and the timing of filing Schedule 13Ds and Schedule 13Gs.