Overview
Trump’s Energy Plan: Outlook on the Market and Renewable Energy Policies Under the New Administration
Carl Fleming, a McDermott renewable energy and project finance partner, will present to members of US Congress and top energy executives at the 5th Energy Transition Forum 2024, hosted by U.S. Energy Stream.
Among other items, Carl will be presenting on his outlook on the market and renewable energy policies:
The Inflation Reduction Act of 2022’s (IRA) future under the new administration. Having worked in the Obama administration and then advising the Obama, Trump, and Biden White Houses, Carl will provide his views on the administrative and political underpinnings of the IRA and how the IRA will continue to drive renewable energy initiatives forward.
The IRA will continue to have an impact on the new energy investing landscape. Drawing on his experience of leading more than 80 post-IRA transactions, which included debt, tax equity, and direct transfers, Carl will offer his insights into the new investing landscape.
The rise of data; the convergence of artificial intelligence, data centers, and renewables; and how to bridge the gap between them. Increased data consumption and processing are reversing a more than 10-year trend of stagnant US load growth, resulting in a massive boon to renewables deployment. Carl will share examples from his digital infrastructure experience that show how power access constraints will drive demand for onsite power solutions, paving the way for more substantial sustainable solutions.
Renewables as a key driver for more US jobs and improved energy security. The need for domestic energy has never been greater. One of the fastest and most cost-effective ways to supply this demand, ensure energy security, and create millions of US jobs and billions in US economic growth in the process is through developing a massive amount of US-made wind, solar, and battery assets at the ready.
The Energy Transition Forum is a private, invitation-only meeting for exploring energy strategies and policies that may be implemented under the new administration. All proceedings are off the record, not for attribution or dissemination, and fully closed to the members of the press.
Stay tuned for key takeaways following the presentation!
ABOUT CARL FLEMING
Carl Fleming is a transactional lawyer whose principal areas of practice are renewable energy, digital infrastructure, and energy transition policy. He leads transactions throughout the United States and worldwide for the world’s leading developers, global private equity funds, and Fortune 500 companies. Carl provides legal and commercial advice on the development, purchase and sale, tax equity investment (including hybrid structures and tax credit transfers), and debt financing of renewable energy projects in wind, solar, energy storage, electric vehicles, and other low carbon solutions. He also advises clients in the data center and digital infrastructure industry.
He is currently an appointed advisor to the White House and secretary of commerce under US President Joe Biden . Carl also advises several non-US governments on their energy transition policies and legislation.
MORE FROM McDERMOTT ENERGY
Our energy and project finance lawyers are trusted advisors when it comes to complex legal challenges and unlocking business opportunities within the sector. The energy and project finance team leverages extensive experience within the renewables sector and have pioneered novel approaches to first-in-jurisdiction and first-of-their-kind projects across the full range of alternative power sources, including wind, solar, geothermal, hydroelectric, fuel cell biomass, and biofuel.
Because of their experience, they have also been called upon to structure and lead many of the renewable energy industry’s largest merger and acquisition transactions and add meaningful value at each stage of a project. Learn more about our team here.
