Industries
Cleantech
Overview
Driven by technological advances, sustainable development goals, and favorable public policies, clean technologies are transforming traditional industries and creating new ones.
Virtually every major industry sector – from energy and power, transportation and logistics, natural resources and chemicals, to agriculture and food – is affected by these transformative changes. As a result, both traditional industry players and new market entrants are seeking to take advantage of burgeoning commercial opportunities in the rapidly evolving cleantech industry.
For decades and in different regions around the world, Gibson Dunn has acted as a trusted advisor to a wide range of clients, from early-stage start-ups, cutting-edge emerging businesses, and Fortune Global 500 companies developing clean technologies, to venture capital, growth equity, and private equity funds and financial institutions supporting their growth. As these various economic sectors have begun to merge and overlap, our Cleantech Industry Group concentrates its efforts on developing relationships with existing and new cleantech clients and exploiting our experience and firmwide resources to provide multidisciplinary legal teams, adapted to meet the changing needs of the industry and our clients.
Within cleantech, we have experience with and service the following sectors and types of clients:
- Energy and Power – technologies, services, and business models that facilitate the energy transition (including wind, solar, hydro- and marine, green hydrogen, biomass, waste-to-energy, and geothermal generation, nuclear, battery storage and fuel cells, and smart buildings and energy efficiency solutions);
- Materials, Fuels and Chemicals – technologies that enable the efficient production of basic and advanced materials used in other cleantech sectors (including advanced energy and building materials, advanced manufacturing and consumer products, fuels and specialty chemicals);
- Water, Resources and Waste Management – technologies and services that help protect and restore natural environments, sustainably source materials, prevent waste, improve the circularity of materials, adapt to climate change, and access corporate environmental impact and carbon markets (including carbon capture, utilization, storage, and management, natural resources and climate adaptation solutions, water and waste management technologies);
- Agriculture and Food – technologies and services that make the production of food more efficient and effective (including technologies transforming food and beverage and alternative proteins production, consumer food sourcing and food supply chains, crop inputs and indoor farming, agricultural and food waste); and
- Transportation and Logistics – vehicles, technologies, and services that transport people and goods in a more resource-efficient way (including electric vehicles, aircrafts and maritime vessels, vehicle components and vehicle fueling, traffic management, and smart infrastructure).
The Cleantech industry group works closely with lawyers in the Mergers & Acquisitions, Capital Markets, Securities Regulation and Corporate Governance, Technology Transactions, Environmental, Social and Governance (ESG), Energy, Regulation and Litigation, Tax, Executive Compensation and Employee Benefits, and other practice groups to offer tailored solutions to various legal and business needs of our cleantech clients.
Experience
Recent representations include:
- BTG Pactual Timberland Investment Group (TIG): One of the world’s largest timberland investment management organizations, in its sale of 8 million carbon removal credits to Microsoft. The sale is the largest known carbon dioxide removal credit transaction to date.
- energyRe, LLC: A developer of large-scale, renewable clean energy solutions, in a $1.2 billion capital raise that includes equity commitments from Glentra Capital and Elia Group.
- STEM, Inc.: A provider of clean energy storage solutions, on its $1.35 billion merger with Star Peak Energy Transition Corp., a special purpose acquisition company.
- Our Next Energy (ONE): A developer of battery technology and storage, in the development and deployment of their largescale battery cell technology.
- Blue Earth Capital: As lead investor in the Series B financing of SWTCH Energy Inc., which offers EV charging solutions for multi-tenant properties.
- Morgan Stanley: New climate fund (1GT), on its Series C investment in instagrid, a German growth stage company that provides battery-based off-grid power solutions for professional users operating in various end markets.
- Hydro REIN: A renewable energy solutions company in the Nordics and Brazil, on its acquisition of an 80% stake in a portfolio of 25 wind power projects in Sweden and Norway from IOWN Renewable Energy.
- Air Company: The world’s leading carbon technology company creating carbon-negative products from CO2, in a $30 million Series A capital raise led by Carbon Direct Capital Management, a growth equity firm investing in the carbon management ecosystem.
- Sea Electric Inc.: An automotive technology company focused on electric commercial vehicle power-systems, on its merger with Exro Technologies Inc., a cleantech company that specializes in EVs, to create a leading e-mobility technology company.
- Stonepeak and Brookfield Renewables: In the up to $1 billion investment in Interenergy Group Ltd., a leading energy provider in Latin America, to fund a more than 1,000 MW renewable development pipeline and facilitate the Company’s energy transition to a leading position amongst clean energy businesses in Latin America and the Caribbean.
Practice Leader
News & Insights
Firm News
Gibson Dunn Advises KKR on €400 Million Agreement with IGNIS to Develop Green Technologies
Client Alert
U.S. Department of Treasury Releases Joint Policy Statement and Principles on Voluntary Carbon Markets
Client Alert
IRS and Treasury Issue Proposed Regulations on Tech-Neutral Tax Credits for Clean Energy Projects