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Tom Burton is Chair of the firm’s Energy Technology Practice, which he founded in 2004. A Member in the firm’s Boston office, his global practice focuses on complex corporate finance matters including mergers and acquisitions, venture capital, private equity, and securities transactions. He represents high-growth and emerging businesses, including companies in the energy and clean technology, social media and software industries, as well as life science companies, from start-ups to public companies. Tom is member of the firm’s Policy Committee.

One of President Trump’s early campaign promises was to dismantle the 2015 Clean Water Rule, the Obama administration’s regulation asserting federal power over navigable bodies of water and aiming to replace polluting coal-fired power plants with clean energy facilities. Now, thanks to a district court ruling in D.C., Trump may be one step closer to actualizing that promise. To learn more about this ruling and its impact, read on!

Continue Reading Federal Court Halts Lawsuit Consideration over Obama’s Clean Water Rule; Pruitt Recruits Governors to Shape New EPA Water Regulation

The Baker-Polito Administration recently announced a set of six new programs seeking to increase affordable access to clean energy and energy efficiency programs in the Commonwealth. These new programs build upon the efforts of the Affordable Access to Clean and Efficient Energy Working Group, which just released its Final Report, and mark the final component of the Administration’s $15 million Affordable Access to Clean and Efficient Energy (AACEE) Initiative. To learn more about these new programs, read on!

Continue Reading Baker-Polito Administration Launches Programs for Affordable Access to Clean Energy

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fifth and final installment of the series. Click to read Part 1, Part 2, Part 3, and Part 4.

The final AEE webinar topic highlighted the important role policy plays in driving the advanced energy market. Panelist Malcolm Woolf noted that President Trump’s recent Executive Order overturning the Clean Power Plan conveys how policy can affect the market. While market forces are on the side of advanced energy, there are several policy levers that AEE believes will be significant drivers to future growth. These include:

  • opening wholesale markets to the energy industry;
  • meeting corporate demand for advanced energy;
  • continued evolution of the utility business model;
  • bipartisan opportunities at the state level.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the fourth installment of the series. Click to read Part 1, Part 2, and Part 3.

Throughout AEE’s webinar, panelists broke down the trends within growth of the advanced energy markets and presented the key takeaways from the AEE report. Most notably, building efficiency is the largest segment of advanced energy revenue in the U.S., reaching almost $70 billion in 2016. This represents more than a third of advanced energy in the U.S., and is up 64% since 2011. Panelist Kevin Self noted that buildings consume about 41% of U.S. energy, so energy efficiency remains the most cost effective way to control spending. Other notable growth trends include:

  • Wind has remained steady, producing roughly $14 billion in revenues in both 2015 and 2016. This a good pattern compared to earlier fluctuations due to uncertainty with production tax credits. The extension and renewal of this tax credit creates the ability for the wind industry to develop at a steadier place.
  • Solar continues to boom, reaching $25 billion in U.S. revenue last year—up 30% since 2015 and tripling since 2011. Panelist Paul Kaleta emphasized that solar energy is firmly at the forefront of energy transformation in the U.S., and is now economically competitive with fossil fuels.
  • Energy storage is up 54% in 2016, at nearly half a million dollars in revenue.
  • Electric vehicles also exhibited strong growth at 48%, with U.S. Plug-in Electric Vehicle (PEV) revenue at $7.8 billion in 2016. Panelist Zachary Kahn also advised that we can expect to see the use of electric buses grow exponentially in the U.S. over the next 5-10 years.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the third installment of the series. Click to read Part 1 and Part 2.

The Department of Energy published its Second Annual U.S. Energy and Employment Report, capturing statistics on jobs supported by advanced energy. Panelist Phil Jordan discussed this report, which shows that advanced energy is a major U.S. employer with 3.3 million workers employed in 2016. About 2/3 of these jobs are in energy efficiency, while about 1 in 5 are in advanced energy generation. Jordan advised listeners to keep an eye on this growth, as increasing efficiency and size in advanced energy companies will lead to continued labor increases through the supply chain.

To listen to the full webinar, click here.

Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy. This is the second installment of the series. To read Part 1, click here.

AEE’s Webinar on the State of Advanced Energy was moderated by Robert Keough, Vice President of Communications at AEE. Keough began by presenting the major points from AEE’s report, which uses global and U.S. revenues tracked by Navigant Research, a part of Navigant Consulting’s Energy Practice. Some of the major points include:

Continue Reading State of Advanced Energy: Industry Growth (Part 2 of 5)

Last week, Mintz Levin was proud to sponsor an Advanced Energy Economy (AEE) webinar highlighting AEE’s fifth annual report of market size, by revenue, of the advanced energy industry, worldwide and in the United States. The Advanced Energy Now 2017 Market Report traces the growth of the energy industry since 2011, with this year’s edition reflecting global growth of 7% from just 2015 to 2016—nearly twice the rate of the world economy overall. Other topics included the latest numbers of advanced energy jobs from the second national survey of energy employment by the Department of Energy, as well as emerging trends in advanced energy markets.

As this webinar was full of pertinent content for our readers, we will feature a series providing key takeaways over the next few weeks. Tom Burton, Member of the firm’s Corporate & Securities Section and Founder and Chair of the firm’s Energy Technology Practice, will publish bi-weekly installments providing key takeaways from the four sections of AEE’s webinar including: Industry Growth; Advanced Energy Jobs; Growth Trends; and Policy.

Continue Reading State of Advanced Energy: Markets, Trends, Jobs (Part 1 of 5)

A group of Republican senior statesmen is calling for a carbon tax to fight climate change. Led by former Secretary of State James A. Baker III, former Secretary of State George P. Shultz and former Secretary of Treasury Henry M. Paulson Jr., the group believes a carbon tax, which depends on increasing fossil fuel prices to reduce consumption, is a “conservative climate solution” based on free-market principles. Baker and his colleagues met with White House officials on Wednesday to discuss their proposals, which would eliminate nearly all of the Obama Administration’s climate policies with a national carbon tax. This rising tax would start at $40 per ton and be returned to every American in the form of a quarterly check from the Social Security Administration. To learn more about their proposal, read on!

Continue Reading GOP Senior Statesmen Call for Carbon Tax

With President-Elect Donald Trump and his administration officially moving into the White House this Friday, the landscape of energy policy, investment, and incentives could see major changes in 2017. Given this backdrop, it seems like a good time to review some of the most important trends and policies concerning clean energy that we covered in 2016.

Here are 2016’s top 5 most popular blog posts at Energy Tech Matters:

Continue Reading Year in Review: The Most Popular Blog Posts of 2016

The Obama Administration recently announced new financing for renewable energy projects through several initiatives domestically and around the globe. From committing $125 million in Overseas Private Investment Corporation (OPIC) financing for renewable energy projects in El Salvador and India to announcing seven Innovation Challenges with a goal of reducing carbon emissions, the Administration hopes to continue the global transition to zero-and-low carbon energy sources. To learn more about these new initiatives, read on!

Continue Reading Obama Administration Announces New Financing and Innovation Actions for Renewable Energy