Energy & Sustainability M&A Activity – November 2024

By Thomas R. Burton, III, Sahir Surmeli

Recent M&A Activity:

September 27: PureWave Hydrogen, a company focused on identifying and extracting white hydrogen, a naturally occurring form that doesn't require energy-intensive production processes like electrolysis, was acquired by Longhorn Exploration for an undisclosed amount. The merger will allow Longhorn Exploration to acquire PureWave’s five natural hydrogen lease agreements in Kansas, which cover approximately 892 acres.
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October 3: Proteus Power, developer of a platform that identifies factors that increase the potential and value of project investments and a constructor of solar projects, was acquired by JBB Advanced Technologies for an undisclosed amount. Proteus Power incorporates a total of 15.5 GW of utility-scale renewable energy projects, and JBB Advanced Technologies looks forward to growing this company in Texas.
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    Authors

    Thomas R. Burton, III

    Member / Chair, Energy & Sustainability Practice

    Tom Burton has helped to shape the clean energy industry by drawing on his passion for innovation. As a Mintz attorney, Tom counsels investors, entrepreneurs, and Fortune 100 companies. He also guides start-up organizations and accelerators to foster the next generation of energy leaders.

    Sahir Surmeli

    Member / Co-chair, Energy & Sustainability Practice

    Sahir Surmeli is a Mintz business counselor who advises companies, boards, entrepreneurs, investment banks, and venture and private equity investors as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures, and strategic partnerships.