Energy Technology Matters

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

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.

MIT to Host Tenth-Annual Energy Conference on February 27th and 28th

Posted in Energy Financing, Energy Technology News, Events, Federal Policy, Massachusetts Renewable Energy, State Happenings

The MIT Energy Conference will celebrate its tenth anniversary this year, with another outstanding line-up of events, panels, and showcases planned for February 27th and 28th. The 2015 Conference will attract some of the most prominent leaders in the scientific community, industry, and government, combining their experience and insight to pursue consensus on solutions for the energy challenges of today and tomorrow. Topics of discussion will include technological innovations, novel policy options, and financing advancements that conference planners hope will “enable the disruption of legacy value chains and convergence of global economies.”

Over the course of the two-day conference, attendees will have access to a plethora of fascinating and vitally important panel discussions and presentations, including “Energy Efficiency: our greatest untapped natural resource,” “Fostering renewables integration through financial and regulatory incentivization,” “Urbanization and Sustainability,” and many others.  This year’s conference also boasts several can’t-miss keynote speakers, among them Exxon Mobil’s William Colton, the Department of Energy’s David Danielson, C3 Energy’s Thomas Siebel, Shell’s Dirk Smit, and Exelon’s William Von Hoene.

Make sure to secure your spot by registering for the conference right away. Members of the Mintz Levin Energy Technology team will be in attendance, so we hope to see you there!

ML Strategies: Keystone XL Pipeline Dominates Congressional Energy Debates to Start New Year

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

Energy and environment debates are heated in Washington this week, as the Senate continues negotiations over the Keystone XL pipeline and Congressional tax reform debates get underway. Lawmakers have already introduced more than 20 amendments to the controversial pipeline legislation, and others have already floated several avenues for reaching common ground on a tax reform agreement in the coming months. Outside of Congress, many other developments have grabbed headlines in energy circles, including the approval of the giant SunZia Southwest Transmission Project, the announcement of US-India climate cooperation, and the replacement of outgoing OMB Director John Podesta.

Get the inside scoop on these and other pressing issues in this week’s Energy and the Environment update from ML Strategies, available in its entirety here.

A Look Back On 2014 for Mintz Levin’s Energy Technology Practice Group

Posted in Energy Efficiency, Energy Financing, Energy Technology News, Initial Public Offering, Solar

A record setting year for Mintz Levin’s Energy Technology Practice Group, 2014 ended with the closing of 50 transactions, totaling over half a billion dollars in energy tech deals.

Representative 2014 transactions include:

  • Represented Aspen Aerogels in its $82.5 million Initial Public Offering, which closed in June 2014.
  • Represented EnerNOC in its acquisition of Pulse Energy, which closed in December 2014.
  • Served as counsel to Canaccord Genuity in $32.5 and $37.4 million follow-on public offerings for Rubicon Technology.
  • Served as deal counsel to Soligent Holdings, the largest US provider of residential solar panels, in three acquisitions totaling over $100 million.
  • Represented multiple project owners and developers in connection with the debt and tax credit financing of over a dozen renewable energy projects by leading lenders and investors.

Since 2006, the practice group has completed more than 350 transactions totaling over $7 billion in the energy tech sector. To read the full press release, click here.

Energy Debates Off to a Hot Start in 2015: ML Strategies Energy and Environment Update

Posted in Energy Efficiency, Energy Technology News, Federal Policy, Legislative Updates, Solar, State Happenings, Water, Wind

Energy and environment debates are alive and well in Washington this week, as the Senate begins negotiations over the Keystone XL pipeline and policy-makers react to Tuesday night’s State of the Union address from President Obama. Click here to see ML Strategies’ full update on all things energy and environment in Washington this week, including such topics as:

  • Amendments to S.1, which would authorize the construction of the Keystone XL Pipeline;
  • New energy legislation introduced;
  • The NOAA and NASA’s announcement that 2014 was the warmest year on record; and
  • The release of the Energy Information Agency (E.I.A.)’s Short Term Energy Outlook.

Energy Tech Matters and ML Strategies will continue to be your go-to for analysis on these and all other energy and environmental topics throughout the course of the new year. Stay tuned!

New Funding for Energy Innovation: D.O.E. Announces $125 Million for Transformational Energy Projects

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

On January 7th, the United States Department of Energy (DOE) announced that it was making available up to $125 million in funding for transformational energy projects through the ‘OPEN 2015’ program. The program, which will be run by the DOE’s Advanced Research Projects Agency-Energy (ARPA-E), will support energy research and development projects from top U.S. innovators, including game-changing new transportation and stationary technologies. ARPA-E has previously issued OPEN solicitations in 2009 and 2012.

This is a great opportunity for companies developing new technologies for energy innovation. Transformational technologies means: Think big!

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ML Strategies Energy and Environment Update: Week of 1/13/2015

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

ENERGY AND CLIMATE DEBATE

The 114th Congress and the final two years of the Obama Administration include a full energy and environment agenda.

With some new energy and environment leadership on the relevant Congressional committees, chairs and ranking members are beginning to lay out their priorities for the next two years.

While the Keystone XL pipeline is the first energy issue out of the gate this Congress, Senate Energy and Natural Resources Committee Chair Lisa Murkowski (R-AK) said January 8 that the committee would hold a hearing on the LNG Permitting Certainty and Transparency Act (S. 33) later this month, and that she hopes to find common ground for comprehensive energy legislation this spring. She also hopes to address offshore oil and gas development, an issue she worked on with former Committee Chair Mary Landrieu (D-LA), but on which she disagrees with new Ranking Member Maria Cantwell (D-WA). Senator Murkowski envisions the broad energy package centering on four main areas: strengthening supply, modernizing infrastructure, supporting efficiency, and ensuring federal accountability.

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