On March 31, the Securities and Exchange Commission’s Division of Corporation Finance published a staff statement which outlines accounting, financial reporting, and governance issues that private companies should consider...more
The ongoing surge in blank check acquisition transactions has invited heightened scrutiny from the Securities and Exchange Commission (SEC), which recently asked several underwriters to disclose information related to their...more
Recent M&A Activity:
- February 1, 2021: Microvast Inc. agreed to merge with Tuscan Holdings Corp., a special purpose acquisition company. The newly combined company, named Microvast Holdings, will be publicly listed on...more
On Thursday, March 4th, the SEC announced the creation of a Climate and ESG Task Force in the Division of Enforcement to investigate alleged corporate environmental, social and governance misdeeds. The task force will be led...more
On Monday, the US Securities and Exchange Commission’s Acting Chair Allison Herren Lee announced that Satyam Khanna was named senior policy advisor for climate and ESG at the SEC — a new position that addresses climate and...more
Recent M&A Activity -
December 1, 2020: EAPC Wind Energy, a subsidiary of EAPC Architects Engineers, was acquired by Westwood Professional Services for an undisclosed amount. EAPC offers engineering and consulting...more
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
As the days countdown until the November 3 General Election and, while we are making no predictions on the outcome, we are beginning to have a clear sense of how Democrats might govern on clean energy if they were to hit the...more
7/21/2020
/ Clean Energy ,
Climate Action Plan ,
Climate Change ,
Critical Infrastructure Sectors ,
Energy Sector ,
Environmental Policies ,
Infrastructure Financing ,
Joe Biden ,
Legislative Agendas ,
Oil & Gas ,
Presidential Elections ,
Renewable Energy ,
Trump Administration
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
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 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, the United States House of Representatives voted to pass a $1.4 trillion spending package as an amendment to the Further Consolidated Appropriations Act, 2020 (H.R. 1865). The Taxpayer Certainty and...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
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
On January 17, 2019, New York Governor Andrew Cuomo announced the introduction of the Green New Deal, a nation-leading clean energy and jobs agenda factored into the state’s 2019 Executive Budget. The Green New Deal will...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
Recently, the ocean east of Block Island and south of Martha’s Vineyard has seen a “gold rush” of interest as a location for future offshore wind farms. Would be wind farm developers are bidding aggressively in federal...more