On September 11th, Tesla announced the opening of Supercharger stations in downtown Boston and Chicago, representing the first step in the company’s effort to expand its Supercharger network into urban areas. The company currently operates 951 Supercharger stations worldwide, primarily along major highways to provide quick recharging on long trips. By bringing the network of charging stations into city centers, Tesla hopes to service growing demand among urban dwellers without immediate access to home or workplace charging.
On August 23, the Baker-Polito Administration awarded $455,000 in grants to seven early-stage researchers and companies developing clean energy technologies as part of the Massachusetts Clean Energy Center’s (MassCEC) Catalyst program.
This year is proving to be the year of investing in innovative energy technology. Mercom Capital Group reports that in the first half of 2017, over $1 billion in venture capital and private equity funding has been invested in battery storage, smart grid and energy efficiency companies worldwide, exceeding the first-half funding benchmarks in 2014, 2015, and 2016.
Mercom Capital Group, a global clean energy communications and consulting firm, surveyed the combined venture capital funding (including private equity and corporate venture capital) and mergers & acquisitions across 89 companies in three separate sectors – Battery Storage, Smart Grid, and Energy Efficiency. Total investments in these areas amounted to $1.03 billion across the first half of 2017, a marked 25% jump from $807 million in the first half of 2016.
On June 2nd, the New York State Energy Research and Development Authority (NYSERDA) and the New York Power Authority (NYPA) issued record requests for proposals from qualified developers to build renewable energy projects that will generate 2.5 million megawatt-hours (MWh) of electricity a year. The two requests combined total the largest renewable RFP issued in any state. Alliance for Clean Energy New York estimates that the solicitation “will drive between 600 and 1,600 megawatts of new capacity depending on the mix of technologies ultimately developed.”
From April 26th-28th, San Francisco hosted the 2017 Ceres Conference. Ceres is a non-profit organization advocating for sustainability leadership. The annual conference brings together more than 600 investor and company leaders and advocates who are catalyzing the biggest breakthroughs on sustainability.
This year’s jam-packed agenda spanned a variety of topics surrounding the energy industry, but two key themes emerged: (1) that there is a growing need for standardized data to measure the impact of investments made in energy, and (2) that sustainable energy is playing an increasingly central role in the investment decisions for stakeholders across sectors and across the political landscape – in other words, the push for clean energy isn’t going anywhere. Continue Reading Recap: The 2017 Ceres Conference on Sustainability
Tomorrow is the big day! The sold-out Seventh Annual New England Women in Energy and the Environment (NEWIEE) Gala will be taking place tomorrow, April 6, 2017, at the Boston Park Plaza. Mintz Levin is a proud sponsor of the NEWIEE Awards gala, which distinguishes six exceptional women leaders who have demonstrated professional excellence in the clean energy and environmental industries, and have empowered other women to do the same. Maryrose Sylvester, President and CEO of Current, powered by GE, will be delivering the keynote address. Visit our previous post to learn more about the 2017 award recipients!
This year, we are fortunate to have four attendees representing the Mintz Levin Energy Technology Practice at NEWIEE’s prestigious ceremony:
Update: Our discount code has been extended! Register before April 11 to receive a special 40% discount off the general registration rate by clicking here.
Mintz Levin is thrilled to be a returning sponsor of the World Energy Innovation Forum, being held at the Tesla Motors manufacturing facility on May 4–5, 2016 in Fremont, California. The two-day Forum brings together the who’s-who of the energy innovation sector, including leading investors, Fortune 500 executives, technologists, policy-makers, and entrepreneurs, for two days of high-level presentations, conversations, and networking. This year’s event will take place at Tesla’s 5.5 million square foot Bay Area manufacturing facility, which produces the critically acclaimed Model S sedan and the newly released Model X and is regarded as a leading epicenter of cleantech innovation. The Forum marries the best in thought-provoking discussion with the best in industry networking in the most exciting venue in the industry. Attendees will get a much coveted look at Tesla’s award-winning facility as well as a chance to test drive a Tesla.
As a Forum sponsor, we are able to offer you a discount to the event. Register online before March 15 with the discount code MINTZ1000 to receive a special 40% discount off the general registration rate. To register, click here. Please be sure to reserve your spot at the Forum ASAP, as the last event sold out.
The United States is experiencing a period of rapid growth in the solar industry, and Fraunhofer TechBridge looks to enhance and continue through its SunRISE TechBridge Challenge to Realize Innovation in Solar Energy. The Challenge, which is sponsored by DSM and presented in collaboration with Greentown Labs, is a program to accelerate novel material technologies and other innovative solutions that will reduce the levelized cost of energy for photovoltaic systems. Several awards are available, including up to $100K in technical validation services from the Fraunhofer R&D network. For more information, including a list of the various awards available, as well as background on the TechBridge Challenge program, read on!
Are you looking to attend a clean tech event packed with lectures, workshops and networking opportunities? Join the Mintz Levin team at the Los Angeles Cleantech Incubator (LACI) Cleantech Global Showcase, GloSho’15, on October 21 – 22, 2015 in downtown Los Angeles. GloSho is an annual summit where clean tech thought leaders and stakeholders from around the world meet to exchange ideas, facilitate trade and investment, and celebrate entrepreneurship and innovation. Mintz Levin is proud to sponsor this event, which will feature a world-class collection of speakers such as LA Mayor Eric Garcetti, CA Secretary of State Alex Padilla, and Founder & Managing Partner of DBL Partners Ira Ehrenpreis.
The year 2013 is now officially the year with the most active IPO market in the United States since 2000. There have been 218 IPOs to date in 2013.  The year 2000 (over 350 IPOs) was the last year of a 10 year boom in US IPOs that reached its peak in 1996 (over 650 IPOs). The strongest year for IPOs since 2000 was (until now) 2004, with roughly 215 IPOs. That number has now been exceeded as of December 12, 2013 and I believe that there are at least four other IPOs seeking to price before the end of 2013.