Sustainable Energy & Infrastructure

In February 2020, the IRS issued Notice 2020-12, which provides long-awaited guidance on when a “qualified facility” or carbon capture equipment, in each case within the meaning of section 45Q, is considered to have “begun construction.” This question is of paramount significance because section 45Q allows a carbon capture credit for carbon oxide that is captured using carbon capture equipment that is originally placed in service at a qualified facility, and a qualified facility means an industrial or direct air capture facility, the construction of which began before January 1, 2024.

Read about Boston Metal, a company focused on developing an industrial-scale process to produce emissions-free steel, and its strategic partnership with CBMM.

Learn about upcoming energy industry webinars, including NECEC's Annual Legislative Roundup, BuildingEnergy Boston, and the ESA Energy Storage Annual Conference & Expo.

Read about Greentown Labs, a climatetech startup incubator in Somerville, Mass., and its three-year C2V Initiative aimed at accelerating the carbontech industry.

This issue of Energy & Sustainability Connections covers emissions-free steel producer Boston Metal, startup incubator Greentown Labs, energy policy news from Washington, recent M&A activity & more.

Read about recent M&A activity in the energy and sustainability space, including Sunrun’s $3.2 billion acquisition of Vivint Solar, including debt.

New carbon emission tracking technology will quantify emissions of greenhouse gas, holding the energy industry accountable for its CO2 output. Backed by Google, this cutting-edge initiative will be known as Climate TRACE (Tracking Real-Time Atmospheric Carbon Emissions).

Mintz’s August Washington Update covers the U.S. Senate’s hearing on carbon dioxide management technologies and other energy legislation pending in Congress.

Don’t miss this month’s exciting virtual events, including a webinar on the role of hydrogen in decarbonization and the future of the offshore wind industry in New England.

Our friend Steven Berkenfeld continues to help companies tackling sustainability and resiliency challenges in numerous ways, including as a board member at The Clean Fight New York.

Read the latest round of M&A activity in the energy and sustainability space.

A petition filed in April by the New England Ratepayers Association (NERA) has requested that the Federal Energy Regulatory Commission (FERC) reassess its authority over retail solar sales, stating that the federal government, through FERC, not individual state legislatures and public utility commissions, has exclusive jurisdiction over wholesale energy sales and should end the practice of net metering.

ML Strategies and Mintz continue to engage with key decision makers on various energy and sustainability matters before the Congress and Administration. Federal efforts on these issues have continued apace as part of and separately from the federal response to the coronavirus pandemic.

Learn about upcoming energy industry webinars, including one on impact investment strategies for family offices in a post-COVID-19 world hosted by Mintz.

The June issue of Energy & Sustainability Connections covers news about renewable energy development company East Light Partners, energy policy news from Washington, recent M&A activity & more.

Read the latest round of M&A activity in the energy and sustainability space.