Marcia Hook

Kirkland & Ellis advised Generate Capital, PBC, a leading sustainable infrastructure investment and operating company, on the sale of two operational data centers utilized for Bitcoin mining in Granbury, Texas and Kearney, Nebraska to Marathon Digital Holdings, Inc. (NASDAQ: MARA). The transaction was announced on December 19, 2023. Read the transaction press release The Kirkland team is led by corporate partners Rob Goodin and Daniel Cadis and associates Austin Johnson and Selin Ozaltun; debt finance partner Brian Greene; tax partner William Dong and associate Nicole Martin; energy regulatory partner Marcia Hook; and real estate partners Kevin Ehrhart and Jenny Warfield.

Dec 19

1 min

Kirkland & Ellis is advising Devon Energy Corp. (NYSE: DVN) on its liquefied natural gas (LNG) export partnership with Delfin Midstream, which includes: (1) a long-term tolling agreement providing Devon with 1.0 to 2.0 million tons per annum of liquefaction capacity in Delfin’s first and future floating LNG vessels and; (2) a strategic equity investment by Devon in Delfin Midstream prior to Financial Investment Decision (FID) for the first floating LNG vessel and options for Devon to invest additional equity in Delfin following FID. Read the joint press release The Kirkland team is led by corporate partners Kevin Crews and Tony Johnston, project finance partner Kelann Stirling and energy regulatory partner Marcia Hook; with assistance from tax partner Mark Dundon; corporate associates Jessica Berkowitz and Tori Newton; and energy regulatory associate Cassidy Hall.

Sep 6

1 min

Kirkland & Ellis advised CleanCapital, a diversified clean energy company based in the U.S. and focused on middle-market solar and storage, on an additional commitment of up to $500 million from Manulife Investment Management. CleanCapital will leverage this investment to fund early-stage solar and storage development and acquire renewable energy assets throughout the United States, as well as expand its partnerships in emerging markets. Additionally, the company surpassed a major investment milestone with the cumulative deployment of more than $1 billion to fund operating, new construction, and early-stage development solar and storage assets. Read CleanCapital’s press release The Kirkland team was led by corporate partners Ahmed Sidik, Patrick Moneypenny and Kristin Mendoza, and included tax partners Bill Dong and Michael Masri; corporate associate Mohammad Alkadhem; and energy regulatory partner Marcia Hook.

Jun 8

1 min

Kirkland & Ellis advised Hatch Renewables, a portfolio company of Ridgemont Equity Partners, on a partnership with Equilibrium Energy to manage utility-scale battery storage by pursuing tolling agreements with developers that have operating assets or projects with near-term commercial operation dates. Hatch and Equilibrium have been working closely together over the past year to formalize the partnership and screen an initial set of tolling opportunities in ERCOT. Hatch Renewables was formed in 2022 and is focused on growing the clean energy economy by investing in transition projects and assets. Some of the initial strategies Hatch is pursuing include utility-scale battery development and tolling opportunities and the acquisition of renewable royalties. Read Hatch’s press release The Kirkland team was led by corporate partners John Kaercher and Chris Heasley and associate Evan Chavez; and also included energy regulatory partner Marcia Hook and associate Cassidy Hall; tax partner Mark Dundon; debt finance partner Lucas Spivey and associate Brittany Taylor; and derivatives partner Drue Santora.

May 23

1 min

Kirkland & Ellis counseled Riley Exploration Permian, Inc. (NYSE American: REPX) (Riley Permian) on its definitive agreement with Conduit Power, LLC, a portfolio company of Grey Rock Investment Partners, to form a joint venture that will own and operate on-site power generation utilizing captured flared natural gas (the Project) to power Riley Permian's operations in Yoakum County, Texas. The new power infrastructure is expected to improve Riley Permian's operating resiliency with a consistent, baseload power source in an increasingly intermittent power grid. In addition, the Project will capture a substantial amount of natural gas currently flared, thereby allowing Riley Permian to reduce its CO2 emissions. Read Riley Permian’s press release The Kirkland team was led by corporate partners Cyril Jones, Shubi Arora, R.J. Malenfant, Rahul Vashi and Patrick Moneypenny and corporate associates Markus Wang, Reagan Kapp, Jarrod Gamble and Mitch Holliman; tax partners Mark Dundon and Michael Masri and associates Nicole Martin and Jamie McWilliam; and energy regulatory partner Marcia Hook.

Mar 2

1 min