Recent M&A Activity:
October 1, 2020: Smart Building Technologies was acquired by Fidelity Building Services Group for an undisclosed amount. Smart Building Technologies offers solutions for building automation systems by...more
Recent M&A Activity:
September 9, 2020: SunTech Drive was acquired by Premier Energy Holdings for an undisclosed amount. SunTech Drive’s intelligent conversion products are designed to deliver the capability and capacity...more
The U.S. Securities and Exchange Commission’s Investor Advisory Committee’s Investor-as-Owner Subcommittee recently voted 14-4 to approve a recommendation that urges the Commission (SEC) to begin an effort to update the...more
Today the Small Business Administration (SBA) issued additional guidance with respect to the “necessity” certification required under the CARES Act in connection with the Paycheck Protection Program (PPP).
The relevant...more
The Bridging Recovery for Innovators Driving Green Energy Solutions (BRIDGES) Program, created by the Massachusetts Clean Energy Center (MassCEC), is currently accepting applications from clean energy startups in need of...more
While the COVID-19 pandemic continues to keep most of America home, including state legislators, some states have managed to pass landmark clean energy legislation whilst prioritizing matters related to the novel...more
In Part III of our series on the Transportation and Climate Initiative, we took a deep dive into one TCI jurisdiction, Massachusetts, to see how the plan might look once implemented. However, the broad implementation of this...more
In early February, the United Kingdom announced a new goal in its efforts to confront climate change: a ban on the sale of all new gas and diesel cars by 2035. The ambitious announcement is set to speed up the country’s...more
In Parts I and II of our series delving into the details of the Transportation Climate Initiative, we provided an overview and described the structure of the TCI. In Part III, we will discuss how the plan might look in one...more
In Part I of our series on the Transportation and Climate Initiative (TCI), we provided an overview of this innovative program. Here in Part II, we will delve into how the initiative will work...more
On December 17, 2019, thirteen jurisdictions in the Northeast and Mid-Atlantic United States officially issued an ambitious plan to combat climate change by reducing carbon emissions and investing in sustainable...more
New York’s utility regulator has approved construction on a 316-megawatt battery storage plant, a facility that, if built, would provide emissions-free power to New York City and the surrounding region while replacing a...more
On November 5, 2019, the Massachusetts Clean Energy Center (MassCEC) and GE Renewable Energy together announced the arrival of a powerful offshore wind turbine blade in Boston. Measuring 107 meters in length, the blade...more
There continues to be a push in financing markets for capital raises where the proceeds will be used for a range of social impact purposes. In the past several years, green bonds, sustainability bonds, social bonds, and bank...more
Recent M&A Activity:
March 25, 2019: Emera Maine, a subsidiary of Emera, reached a definitive agreement to be acquired by Enmax for CAD 1.29 billion. This transaction reflects Enmax's strategy to grow through the expansion...more
Recent M&A Activity:
February 26, 2019: Tioga Midstream, a subsidiary of Summit Midstream Partners, has reached a definitive agreement to be acquired by Hess Midstream Partners for $90 million....more
Tax Extenders -
Since our last Washington update, Senators Grassley (R-IA) and Wyden (D-OR), the Chairman and Ranking Member of the Senate Finance Committee, respectively, have introduced the Tax Extender and Disaster...more
4/1/2019
/ Appropriations Bill ,
Biofuel ,
Budget Cuts ,
Department of Energy (DOE) ,
Energy Projects ,
Energy Sector ,
Federal Funding ,
Investment Tax Credits ,
Production Tax Credit ,
Renewable Energy ,
Tax Extenders
On February 14, the Massachusetts Clean Energy Center (MassCEC) announced it will fund eight early-stage companies through grants and convertible notes totaling $505,000. The funding comes from MassCEC’s Catalyst and...more
House Democrats Readying to Tackle Climate Change & Energy in the 116th Congress -
House Democrats assumed the majority in the 116th Congress, with Rep. Frank Pallone Jr. (D-NJ) as the new chairman of the House Committee...more
For the first time ever, electric vehicle (EV) sales growth is surpassing internal combustion engine (ICE) vehicle sales growth in China. After ICE vehicle sales grew by 3 million in 2016, sales of ICE vehicles grew by...more
On November 15, 2018, the United States Department of Energy announced $98 million in funding for new projects as part of the latest open funding opportunity, OPEN 2018, from the Advanced Research Projects Agency-Energy...more
At 12:30 on December 14, 2018, Massachusetts Governor Charlie Baker, Lt. Governor Karyn Polito, Transportation Secretary and CEO Stephanie Pollack, Executive Office of Energy and Environmental Affairs Secretary Matthew...more
Congress -
Although Congressional activity has been curtailed this month with members largely at home campaigning ahead of the November 6 midterm elections, there has been some activity on energy policy.
The Senate...more
In August, the U.S. Department of Energy (DOE) disseminated its 2017 Wind Technologies Market Report. The report tracked trends in installation, technology performance, cost, and price of wind power. Overall, the DOE reported...more
CHASM Advanced Materials, Inc. is a developer and manufacturer of advanced materials for printed electronics and battery applications. The company recently closed an $11 million Series A financing to expand production...more