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Covington’s clean technology (or “cleantech”) practice focuses on emerging or established companies that are innovators in the efficient uses of energy, water and materials, and in the mitigation or avoidance of contamination and other environmental risks. We represent early-stage venture and private equity investors in these companies, as well as cleantech entrepreneurial and expansion-stage companies in their ongoing businesses. We represent also financial intermediaries working with these companies in financing and capital markets transactions, and advise cleantech companies on their potential use and monetization of greenhouse gas emission reductions and other environmental credits. Our cleantech practice draws on the capabilities of our energy and intellectual property practices, as well as our other practices in the environmental area (in particular, our Carbon Markets & Climate Change Practice), integrating these capabilities with our transactional expertise and our knowledge generally of the venture and private equity markets.
Covington is uniquely positioned to service the cleantech community: our venture and private equity teams have a track record of many years’ success in advising emerging companies in areas of innovation as diverse as telecommunications, media and biotechnology. We combine this experience with leading capabilities in intellectual property and with the insights of our industry and regulatory practices on the state, regional and US federal as well as international policy environments in which cleantech companies are operating and competing, as well as visibility into the venture community itself and the capital markets. We consider this to be an area with large potential for growth, a leading-edge practice with exceptional opportunities to leverage our collaborative approach for partnering with and servicing our clients.
Representative Matters
- Expansion Capital Partners, LLC, a New York-based clean technology venture capital firm, in its $4.5 million Series C Preferred Stock investment in Orion Energy Systems, Ltd., a developer and manufacturer of energy efficient lighting systems and controls.
- VantagePoint Venture Partners, a leading venture capital firm, in its convertible preferred stock investment in SolarCentury Ltd., a leading UK provider of solar energy solutions.
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