S&C’s Energy Transition Insights series explores the latest developments in clean energy, renewable fuels, carbon capture and other topics across the energy transition in the United States and globally, from analyzing IRS guidance on clean energy tax credits to examining the European Commission’s proposed Critical Raw Materials Act.
S&C’s extensive experience with clients in the energy and natural resources space positions us to advise on market-shaping transactions forming part of the energy transition. In the past year, we have advised California Resources Corporation on a joint venture with Brookfield Renewable focused on carbon capture and sequestration, a project that aims to significantly progress the decarbonization of California, and in its $2.1 billion all-stock combination with Aera Energy. We also represented Chevron U.S.A. Inc., through its Chevron New Energies division, in acquiring an interest in the ACES Delta, LLC joint venture, which is developing a green hydrogen project in Utah financed by a Department of Energy (DOE) loan guarantee. For Volkswagen Group and its subsidiary Electrify America, the largest open ultra-fast electric vehicle charging network in North America, we advised the client in a $450 million investment from Siemens.
In a recent podcast, Inosi Nyatta, Isaac Wheeler and Sam Saunders discuss the unanswered questions about requirements and qualifications for receiving tax credits for clean energy projects under the Inflation Reduction Act (IRA).