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Grid Flexibility & Resilience

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With increasing energy demand and growing variability brought on by our modern power systems, grid flexibility has become more important than ever to ensure energy security for our existing and growing infrastructure. The influx of distributed energy resources has created profound changes in the way power is produced and stored across our grids. Vinson & Elkins provides strategic advice to companies, developers and financers in assessing developments, regulatory frameworks and market trends and executing transactions related to grid resiliency and the balance of centralized and distributed energy resources.

V&E combines experience in mergers and acquisitions, project development and finance, energy regulation, environmental compliance, tax, and litigation with deep industry knowledge in power, energy storage, infrastructure and technology to serve clients involved in grid flexibility and resilience matters.

Our lawyers represent independent power producers, electric generating, transmission, and distribution utilities, financial institutions, power traders, and private equity and venture capital investors as the world seeks to manage grid variability and volatility with our energy supply and demand.

V&E frequently advises on transactions and matters related to:

  • Distributed Generation
  • Energy Storage
  • Stranded Power Monetization
  • Energy Brokerage
  • New Technology Power Generation
  • Smart Metering
  • Managed Power Resiliency
  • Microgrids
  • Transmission line siting and certification
  • Design of electric rates
  • Applicability of reliability standards

Experience Highlights

  • Palmetto Solar, in partnership with Generac Power Systems, in securing a $200 million Department of Energy grant to install, own, and operate residential solar projects in Puerto Rico

  • Blackstone Credit and ClearGen, a Blackstone Credit portfolio company, in the formation of a strategic partnership between ClearGen and GreenStruxure, a Schneider Electric and Huck Capital joint venture, to develop, own and operate up to $500 million of renewable energy microgrid systems for C&I customers

  • Broad Reach Power, a portfolio company of EnCap Energy Transition Fund, in the acquisition of two ~100MW in-development battery storage projects in Texas from Plus Power

  • Quinbrook Infrastructure Partners in the acquisition of Glidepath Power, a developer of battery storage and renewable energy projects

  • Duke Energy in regulatory matters related to the development of the first commercial-scale energy storage facility in Texas, and in numerous regulatory matters related to ongoing operations at the facility

  • Clean Line Energy Partners in the sale of its non-transmission development assets, including its interests in a 600 MW wind project and a series of utility-scale wind and battery storage development projects to ConnectGen, a portfolio company of Quantum Energy Partners

  • Saudi Aramco Energy Ventures in its investment in Form Energy, a developer of long-duration energy storage systems

  • HEB in drafting and passing legislation in Texas to streamline the interconnection process for development of distributed generation facilities and clarify the rights of distributed generation owners to sell energy into the ERCOT market

  • Apollo Global Management in an investment in a strategic partnership with Johnson Controls (NYSE: JCI) that will provide sustainability and energy efficiency services to help customers address decarbonization and operating cost goals for their buildings

  • Accelerate Real Asset Management in a $500 million joint venture with an institutional investor to acquire real estate and royalty interests associated with utility-scale solar, wind and energy storage facilities

  • Duke Energy in the upgrade of its Notrees wind farm battery system, including negotiations with Samsung SDI America for the provision of new batteries and Younicos for installation and service of the energy storage management system

  • Apollo Global Management in a $150 million equity commitment to FlexGen Power Systems, a leading integration services and software technology provider for energy storage solutions in the U.S. and globally

  • MN8 Energy in the acquisition and tax equity financing of the 150 MW solar-plus-storage High Desert Solar Project in San Bernardino County, California

  • Major institutional investors as a tax equity investor in the financing of a 460MW combined photovoltaic (PV) solar and battery storage facility in ERCOT, a portion of the output of which is to be sold under a hedge with the balance of the energy and the storage component being utilized on a merchant basis

  • Advanced Microgrid Systems in the $50 million sale of existing and future solar storage and storage-only projects to 38 Degrees North for its joint venture with John Hancock

  • Gas and electric municipal utility in its agreement for the development of advanced metering infrastructure

  • Transmission and distribution utility in deployment plan design and regulatory approval of deployment plan for smart meters and recovery of related costs

  • Fully integrated energy infrastructure company in the development of an electric microgrid in Puerto Rico

  • Major Australian energy developer on the framework arrangements and tender process for construction and maintenance of a suite of utility-scale batteries

  • Power generation provider and provider of grid resilience services in an ABL credit agreement

  • Electric utility in the applicability of reliability standards and maintaining compliance with those standards

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