Climate Change & Sustainability

Clean Technology

Greenberg Glusker has extensive experience in the clean technology field and has handled more than 50 major transactions within the last year alone.

We have developed an in-depth understanding of the technical issues relevant to solar, biomass, wind and other clean technologies.  Furthering the value of our counsel is experience in applying the unique expertise necessary to promote our clients’ interests in these areas.

From the protection of intellectual property to the negotiation of power production agreements, we provide comprehensive legal guidance that helps clients compete, innovate and harness renewable energy sources.

Our attorneys’ practice experience is strongly suited to representing major investors in start-ups and counseling established clean technology businesses.  We have managed numerous transactions involving investments in preferred positions in private companies in various phases of development, as well as investments in publicly traded securities (PIPES).  In addition, our experience includes a variety of on-site energy supply transactions.

Representative Experience

  • Counseled on a $36 million investment in convertible preferred stock and common stock of World Water and Solar Technologies, a solar engineering and water management company.  The clean tech developer provides solutions to water supply and energy problems including to agribusiness and irrigation, water utilities, food processing plants, and refrigeration and cooling systems.
  • Staged a $12 million investment in ThermoEnergy Corporation, an integrated technologies company seeking to develop and commercialize patented water treatment and clean natural gas energy technologies
  • Staged $18 million investment in common stock and warrants of Axion Power International, Inc., which is developing super capacitive lead-acid-carbon energy storage devices combining battery and super capacitor performance characteristics.
  • Structured a $12 million investment in common stock and warrants to purchase common stock of Solar EnerTech Corp., a manufacturer of high quality photovoltaic (PV) solar energy cells and state-of-the-art solar applications.
  • Served as senior legal officer for a venture capital-backed, “distributed generation” company, which provides on-site electric and thermal energy power plants serving office, industrial, retail and hotel facilities.  Successfully negotiated and closed more than 30 energy supply transactions over a three-year period as part of multi-unit growth plan.  Company was sold in 2004 as part of industry consolidation and we were responsible for all regulatory and compliance matters with local, state and federal agencies.

For more information, please contact David E. Cranston.

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