Speaker 05.07.24
05.07
Investment Outlooks for Hydrogen Projects
2:15PM - 3:00PM PDT
Hotel del Coronado
1500 Orange Ave
Coronado, CA 92118
Service
Hydrogen
Contacts
Sheila McCafferty Harvey
Senior Counsel, Washington, DC
T: +1.202.663.8224
sheila.harvey@pillsburylaw.com
See All Professionals
In response to rising demand, increasing cost pressures, emerging technologies and climate change, the energy sector is undergoing a major transformation. The continued development of hydrogen technologies will play a key role in the next phase of the industry.
In just a few years, hydrogen has gone from "big idea" to the next big thing. The most abundant element in the universe, it cleanly and efficiently generates electricity and heat through an electrochemical reaction, with only potable water as a by-product. Not only a zero-carbon fuel, hydrogen has also proven to be an extremely efficient and safe medium for energy storage, presenting significant possibilities for energy generation and distribution.
From industry to government to the environmental community, the continued development of hydrogen energy has uniquely broad appeal. Pillsbury’s Hydrogen team has a deep understanding of hydrogen-based energy technologies and stands ready to advise clients across all sectors on its vast potential. We are devoted to helping our clients around the world find cost-effective solutions as they contemplate lending, business and investment decisions including sustainable finance.
Representative Experience
- Representing TC Energy in a strategic deal with Nikola Corporation focused on leveraging TC Energy’s existing pipeline and electrical infrastructure to develop clean hydrogen production hubs, deliver low-cost and low-carbon hydrogen at scale, and facilitate greater adoption of heavy-duty zero-emission fuel-cell electric vehicles and hydrogen across various industrial sectors.
- Advising Mitsubishi Heavy Industries Group and its subsidiary Mitsubishi Power Americas on a variety of green and blue renewable hydrogen projects and related battery storage systems.
- Advising Clean Air Task Force (CATF) on the use of nuclear energy for alternative fuel production, including hydrogen and ammonia, as part of CATF’s broader decarbonization initiative. Involved in conceptualizing and co-leading the Nuclear Hydrogen Initiative (NHI) for CATF, which comprises four working groups seeking to catalyze policies, R&D, commercial partnerships and financing for nuclear hydrogen projects.
Our new report, built on PitchBook data, tracks the 2021 climatetech
investment boom and forecasts trends in clean tech.
View More
- Advising a global leader in zero-emissions heavy duty trucks and hydrogen infrastructure in a number of high-profile corporate matters and transactions.
- Advised an industrial gas supplier on a variety of hydrogen deals including construction of $150 million liquid hydrogen production plant to power the fuel cell electric vehicle market in the U.S.
- Advised major auto manufacturers in the BRYSON research project for potential of hydrogen fuel cell technology for use in cars.
- Advised an EV company on numerous strategic partnerships, including with a Nasdaq listed SPAC.
- Advised one of the DOE’s national laboratories and a major utility on a nuclear-hydrogen project to demonstrate “dynamic production” of hydrogen from nuclear power.
- Advised a strategic investor in the shut down and assignment of four “demonstration” hydrogen refueling stations under the California Fuel Cell Partnership.
- Advised Western States Petroleum Association in connection with the development of hydrogen fuel specifications.
-
Advised the underwriters on a $210 million common stock offering by FuelCell Energy, a developer of carbonate fuel cell technology for stationary power generation.
-
Advised a major energy company on strategic permitting and CEQA advice in connection with permitting issues for hydrogen production at an oil refinery and with permitting and agency discussions for the safe management of hydrogen production and use.
-
Represented project developers on agreements for supply and transportation of hydrogen and other industrial gases in the United States and the Caribbean.
-
Advised an advanced technology company in the energy and defense sectors on portable hydrogen source technology licensing, IP and related matters.
Practice Area Highlights
- One of the first Hydrogen practices launched by an AmLaw 100 firm, the team also created and maintains The Hydrogen Map, the first public resource tracking the development of hydrogen projects worldwide.
- The firm was shortlisted for the “Innovation in Sustainability & ESG” award for its recent hydrogen developments.
- Includes lawyers from Pillsbury’s Energy Transactions, Project Finance, Renewable Energy, Nuclear and Technology practices, who are recognized by Chambers, The Legal 500, Financial Times and others as among the leading and most innovative practitioners in the world.
View More
- Brings together experienced practitioners from across corporate and transactional, finance, regulatory, environmental, intellectual property, tax and dispute resolution practices.
Resources
Hydrogen Low-Carbon Technology Cycle
Hydrogen can play a critical role in the low-carbon technology portfolio–eliminating carbon from electricity, transportation, industry and buildings.