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Energy use in the commercial and personal transportation sector is rapidly changing with the development of hybrid, plug-in and fuel cell electric vehicle technologies and energy storage systems. Entities driving this transformation encounter a complex web of national and international legal and policy issues that require expert and integrated solutions. Covington has extensive experience advising clients in this sector across a wide spectrum of issues in markets across the globe.
Advised Wanxiang America’s purchase of substantially all of the non-government business assets of U.S. battery maker A123 Systems, Inc. On Jan. 28, 2013, CFIUS approved that transaction, valued at $256.6 million. Covington represented Wanxiang America in securing CFIUS approval. A123 makes lithium ion batteries for electric cars.
Smith Electric Vehicles Corp. in its $35 million Series C preferred stock financing; in its $40 million Series D preferred stock financing; and in a private placement of convertible senior notes.
HaloIPT, a leading provider of wireless charging technology for electric road vehicles, in the acquisition of all its technology and assets by Qualcomm Incorporated.
Ovonic Battery Company in intellectual property and litigation matters pertaining to Cobasys, a joint venture with Chevron to develop, license, and manufacture NiMH batteries for transportation and stationary storage applications.
Drayson Racing Technologies, a leading developer of electric racing vehicles, in connection with the formation of Drayson Wireless, a new entity created in collaboration with Imperial Innovations to commercialize wireless energy technology developed at Imperial College, London.
BASF in its negotiation of a Department Energy grant to construct a cathode materials production plant that supplies manufacturers of advanced lithium-ion batteries.
Represented HaloIPT, a leading provider of wireless charging technology for electric road vehicles, in Qualcomm’s acquisition of its assets and technology.
March 5, 2017, Monaco Life
Andrew Jack was interviewed by Monaco Life for its “Becoming Clean” feature ahead of the 2017 CleanEquity Monaco conference. Commenting on the evolution of Covington’s Clean Energy and Climate Industry Group, Jack says, “We started up in late 2008 and we now have about 85 of the approximately 1,000 lawyers in the firm who are devoting a fair amount of their time ...
January 25, 2017, Inside Energy & Environment
As part of an ongoing effort to address issues raised by, and encourage the entry of, distributed energy resources, the Federal Energy Regulatory Commission (FERC) last week issued a Policy Statement clarifying the flexibility electric storage resources have regarding rate designs to recover their costs. FERC earlier proposed rules to remove barriers to the ...
May 26, 2015, Inside Energy & Environment
The African continent is revolutionizing itself as the place where no infrastructure is no problem. This began in the telecommunications field: Africa lacks a robust system of landlines, which traditionally enable better access to desktop computers, online services, and financial institutions. But the emergence of cellular telephony has allowed individuals ...
April 15, 2015, Inside Energy & Environment
Technological advances in distributed generation and battery storage and their consequent falling costs have the potential to significantly change the electric utility business model and regulatory policies. While change seems likely, there are varying views on its scope, probability and timing. Two are presented here. One perspective is that fundamental ...
April 16, 2014, Inside Energy & Environment
Half of the new electricity generation plants added in 2013 are fired by natural gas and almost 30% of new generation is powered by solar and wind energy, according to an April 8 report from the Energy Information Administration. This combination is likely to mean even more demands on the already-strained natural gas delivery infrastructure. … Continue Reading
January 6, 2014, Inside Energy & Environment
Here at Inside Energy & Environment we are honored to share that Law360 has named Covington’s energy practice as a 2013 “Energy Practice Group of the Year.” In giving this award, Law360 recognized the breadth of Covington’s practice capabilities (including litigation, transactions, regulatory and government policy) in both the traditional energy and clean ...
July 2013, ACORE Transportation Industry Review
January 3, 2013, Covington Advisory
Winter 2011, US-China Quarterly Market Review
August 18, 2009, Covington E-Alert
August 3, 2009, Covington E-Alert
July 22, 2009, Covington E-Alert