Sustainable Energy & Infrastructure

This issue of Energy & Sustainability Connections includes news about an IRS notice clarifying the 48C program application process, Mintz’s work counseling NET Power on its completed SPAC business combination with Rice Acquisition Corp. II, recent M&A activity, the latest energy policy updates from Washington, and litigation developments, plus a list of upcoming industry events and Mintz’s energy funding matrix.

Read about the likely release of the SEC’s proposed climate disclosures rule in October and the CFTC’s recent call for whistleblower tips concerning fraud or manipulation in the carbon markets.

Read about recent M&A activity in the energy and sustainability space, including Rice Acquisition Corp.’s acquisition of Net Power and OZZ Electric’s purchase of NW Wind and Solar.

Read about IRS Notice 2023-44, which clarifies the 48C program application process and timeline following amendments to the program under the Inflation Reduction Act and an earlier notice providing application guidelines.

From July 2021 through March 2023, the SEC sent reporting entities more than 100 letters seeking information on climate change topics and nearly 170 letters concerning greenwashing. In an in-depth analysis, Mintz attorneys identify and analyze the frequency of various categories of questions as well as the industries and characteristics of the businesses targeted.

Our June 2023 Energy & Sustainability Washington Update covers new Bipartisan Infrastructure Law & Inflation Reduction Act opportunities, how the bipartisan debt ceiling compromise would impact the energy sector, a GSA pilot of requirements to use low embodied carbon construction materials, and two pending federal energy bills — the Energy Emergency Leadership Act and the Carbon Limiting Emissions At Refineries Act.

This issue of Energy & Sustainability Connections includes news about proposed Texas legislation that would impose onerous permitting requirements on wind and solar energy facilities, microgrid design and operation software provider Xendee, and ZwitterCo’s recent Global Water Award, plus a roundup of recent M&A activity, energy policy news from Washington, reports on litigation developments, a list of upcoming industry events, and Mintz’s energy funding matrix.

Read about recent M&A activity in the energy and sustainability space, including Liberty Energy’s acquisition of Siren Energy, a provider of global energy transition technology intended to work with lower-emission fuels.

Read about microgrid design and operation software provider Xendee and its MOBILITY product, which enables firms to rapidly design EV charging infrastructure and support distributed energy resources.

Read about possible further delays in the issuance of the SEC’s proposed climate disclosures rule and a Florida anti-ESG bill recently signed into law by Governor DeSantis.

Read about ZwitterCo, which received the 2023 Breakthrough Technology Company of the Year award — one of the 2023 Global Water Awards.

Learn about upcoming energy industry events, including Post Script Media’s upcoming inaugural conference on June 15, Transition AI: Boston.

Read about Department of Treasury and IRS guidance regarding qualification for the 10% domestic content tax credit available to certain renewable energy projects under the Inflation Reduction Act of 2022 (IRA).

Read about proposed legislation in Texas that would impose extensive new fees and requirements on solar and wind energy generators if enacted into law.

Read about developments in connection with a Department of Labor rule concerning ESG investing and the SEC’s continued focus on ESG issues.

This issue of Energy & Sustainability Connections includes features on Inflation Reduction Act takeaways for the clean energy sector, a roundup of recent M&A activity, Mintz’s work on a deal for Logical Buildings, energy policy news from Washington, reports on litigation developments, and a list of upcoming industry events.

Learn about upcoming energy industry events, including the Wood Mackenzie Event: Edinburgh New Energies Briefing The Route to Net Zero.

Read about recent M&A activity in the energy and sustainability space, including Mintz’s work to help Logical Buildings close a novel energy efficiency–financing vehicle and Maddox Defense’s acquisition of renewable energy services company Apollo 3 Energy.