August 2, 2021

Volume XI, Number 214

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August 02, 2021

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Energy & Sustainability M&A Activity — June 2021

  • May 7, 2021: ESS Tech, Inc., a manufacturer of non-toxic, long-duration iron flow batteries for commercial and utility-scale energy storage, announced a business combination with ACON S2 Acquisition Corp., a special purpose acquisition company. After completion of the transaction, ESS will be publicly listed and will be valued at a $1.072 billion pro forma enterprise value.

  • May 7, 2021: Birdseye Renewable Energy, a developer of utility scale solar and storage facilities in the southeastern United States, was acquired by Dominion Energy for $38.05 million. Dominion Energy, a utility provider for 16 states, will use the acquisition to meet its goals to expand the use of renewable energy throughout its service region.

  • May 10, 2021: TerraScale, a developer of renewable-energy powered data centers, and iQ International, a battery manufacturer, agreed to a merger. The combined company will focus on enhancing sustainability and security in data center design.

  • May 11, 2021: NR3, LLC, which uses zero-emissions processes to convert animal and agriculture waste into renewable biogas, was acquired by Montauk Renewables, Inc. Montauk seeks to deploy NR3’s technologies to harness energy from the U.S. swine industry.

  • May 19, 2021: SparkCognition acquired Ensemble Energy, developer of a predictive analytics and asset management platform for the renewable energy industry, for an undisclosed amount. SparkCognition provides artificial intelligence solutions for various industries including defense, manufacturing, and energy industries.

  • May 26, 2021: Dometic, which provides mobile living products for use in RVs, boats, and campers, purchased Zamp Solar, a manufacturer of portable, off-grid solar modules, for an undisclosed amount.

©1994-2021 Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. All Rights Reserved.National Law Review, Volume XI, Number 173
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About this Author

Member / Chair, Energy & Sustainability Practice
Member

Tom Burton’s zeal for innovation and passion for energy and sustainability have shaped the clean energy industry. He created one of the nation’s first clean energy legal practices. Clients ranging from investors to entrepreneurs to Fortune 100 companies rely on him for creative and strategic legal solutions, and he has completed hundreds of venture capital and private equity financings, mergers and acquisitions, and IPOs. He guides the industry’s next generation of leaders through active involvement with start-up organizations and accelerators. The Northeast Clean Energy Council recognized...

617-348-3097
Sahir Surmeli Energy & Sustainability Attorney Mintz Levin
Member

Sa is a highly skilled and versatile business counselor who advises companies, boards, entrepreneurs, investment banks and venture and private equity investors, as they build and grow companies. He handles public offerings, 144A and private financings, acquisitions, joint ventures and strategic partnerships. Sa guides public and private companies and investors, primarily in the energy and sustainability, technology, materials science, hospitality, retail and life sciences industries. Known as a problem-solver, Sa executes transactions with creative structures to address new opportunities...

617-348-3013
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