This month we are excited to highlight our client NBD Nanotechnologies! The Boston-based innovator recently secured an $8 million Series B financing to further grow its business while continuing to innovate within its proprietary platform focused on specialty chemical products that change the surface properties of materials like glass and plastic.
The Northeast Clean Energy Council’s (NECEC) 9th Annual Green Tie Gala was recently held on October 25, 2016 in Boston, Massachusetts. The Green Tie Gala is the premier clean energy networking event in the region, bringing together more than 500 stakeholders from the Northeast clean energy community to celebrate the industry’s growth and accomplishments and to recognize outstanding clean energy companies with NECEC’s Green Tie Gala Awards. We enjoyed seeing many of our clients in attendance at the gala in support of this burgeoning and innovative community. To learn more about the Green Tie Gala, read on!
Congratulations to our client, Bigbelly, for being recognized as one of BostInno’s 2015 “50 on Fire” winners. The 50 winners were selected from 200 finalists and thousands of nominations and represent a group of diverse individuals and organizations driving innovation in Boston and beyond. Winners were chosen in the following categories: civic (smart city), design, dining and retail, education, healthcare and medicine, investment, marketing and advertising, professional services, sports and fitness, and technology. Bigbelly, a worldwide leader in smart waste and recycling solutions, was one of the Civic (Smart City) winners. To learn more about Bigbelly and the other “50 on Fire” Civic (Smart City) winners, read on!
Last week, Cleantech Open Northeast announced the exciting launch of their 2015 start-up accelerator program. Cleantech Open, the oldest and largest cleantech start-up accelerator program in the US, is once again calling for the best and brightest new ideas in generation, efficiency, distribution and storage, chemicals and advanced materials, transportation, water, waste, and other critical fields. Mintz Levin is thrilled to continue to support and sponsor this incredible opportunity for young cleantech companies.
Applications are due by May 1st.
The program gives all participants access to world-class, tailored mentoring from experienced cleantech business experts and a national network of influencers, entrepreneurs, and investors. The start-up accelerator program offers cleantech entrepreneurs the chance to compete for 4-6 winning packages of $20,000, as well as a top national prize of $200,000.
There is a fee to apply to the program – but if you apply by March 1st, there is a discounted rate. Click here to register and get started on your application, and make sure to check out the FAQs if you run into any questions. We wish everyone the best of luck in the competition!
Many energy innovators were in attendance at the Cleantech Open Northeast 2014 Innovation Expo and Awards Gala on October 28th, but only one was the recipient of the first Cleanweb Prize, sponsored by Mintz Levin and EnerNOC, Inc. The $5,000 award, presented by Mintz Levin’s Tom Burton and EnerNOC’s Micah Remley to ecoVent, was designed to recognize the most promising cleanweb team participating in the Cleantech Open Northeast accelerator program and business competition.
Recently, the Massachusetts Clean Energy Center (MassCEC) has opened up two top-rate funding opportunities for young, emerging clean energy companies in Massachusetts. Aimed primarily at university researchers and early-stage companies based in Massachusetts, the Catalyst Program and the InnovateMass Program are meant to fill the funding and opportunity gaps not addressed by private markets and set blossoming clean energy enterprises on a path to successful commercialization.
Mintz Levin would like to congratulate our client, Admirals Bank, on partnering with SunPower Corp., the second largest U.S. solar-panel maker, to establish an innovative solar power loan funding program. Together, SunPower and Admirals Bank have launched a $200 million loan program to facilitate residential photovoltaic (PV) installations over the next two years.
Under the program, homeowners will be able to apply for loans of up to $60,000 to assist with the installation of SunPower systems in their homes. The program is available in all fifty states and the District of Columbia.
With the establishment of a sustainable cap-and-trade program in California as well as the Obama administration’s stance on regulating greenhouse gas emissions, a changed regulatory landscape has emerged, imposing substantially more rigorous reporting requirements on financial institutions that invest in the energy sector either through debt or equity.
Mintz Levin’s Megan Gates and Jeremy Glaser and Enviance Inc.’s Lawrence Goldenhersh and Yann Risz recently published an article in Law 360 describing the GHG-related disclosure and reporting obligations now faced by financial institutions in a new regulatory world. The authors also provide recommendations for cost-effectively conducting the more rigorous risk analysis that is now required. Continue Reading Law360’s “Exxon Opens a New Disclosure Frontier for Energy Finance”
The MIT Clean Energy Prize Competition awards over $350,000 to new businesses and aims to help develop a new generation of energy entrepreneurs and great new companies. Conceived by the MIT Entrepreneurship Center, the program is in its seventh year. The kick-off event for the 2014 competition will be held at Mintz Levin’s Boston offices on Friday December 13, 2013. You can register to attend here. Featured speakers include 2011 participant Leslie Dewan of Transatomic Power and Mintz Levin’s Tom Burton.
Those interested in joining the competition can attend the kickoff event to learn more and meet potential teammates. This year, the competition held its first-ever Clean Energy Startup Weekend to help entrepreneurs network and generate ideas. Panelists for the event included Stanley Kowalksi III, Chairman of the Board at Ogin (formerly FloDesign Wind Turbine).
University teams from across the United States enter their business ideas in one of three categories:
- Energy Efficiency
- Renewable Energy
- Infrastructure & Resources
Teams must be comprised of at least two individuals, and half of the team must be enrolled as students at a U.S. university. Teams that have secured more than $50,000 in capital before entering are ineligible to compete. For more information on the rules of the competition, click here.
In January and February, each team will submit an executive summary and pitch deck. MIT CEP judges will select 15-21 business plans (5-7 from each category), which then will receive mentoring, $2,500, and access to other MIT CEP resources. During this time, semifinalists develop and refine their business plans before presenting them to a panel of expert judges at the CEP Finals event on April 27. The top two teams in each category go on to compete in the Grand Finals on April 28. For more information on the structure of the competition, click here.
The MIT Clean Energy Prize‘s mission is to be the catalyst for a unified competition to help develop a new generation of energy entrepreneurs and great new companies. This will be achieved by working to stimulate productive relationships between academic, community, industry, and government organizations with strong interests in meeting the world’s energy challenge through innovation and entrepreneurship. To learn more about the competition’s mission, click here.
We hope you will come out and get involved!
By: Sahir Surmeli
In the October edition of Energy Technology Connections, we’ve gathered recent information from a wide variety of sources in an effort to keep you abreast of what’s new in the world of clean energy. We draw your attention to the latest industry developments, news from local governments to Capitol Hill, grant opportunities, and upcoming events. Continue Reading Mintz Levin Energy & Clean Technology Connections – October 2013