Photo: Hxdyl/Adobe Stock'Further Investment in Power' Will Drive Big Law Business—But What About Clean Energy Projects?
A number of energy lawyers said demand for power for data centers — essential for AI — will be an important driver of infrastructure projects in 2025.
December 20, 2024 at 05:23 PM
6 minute read
What You Need to Know
- Energy lawyers at firms in Texas expect strong demand in the energy sector to continue into 2025.
- The need for power for data centers will spur activity in the power-generation space.
- M&A across the energy sector, along with a range of energy transition projects are expected to propel demand in 2025.
Lawyers who work in the energy sector say demand was strong in 2024, and they expect more of the same in 2025, but the flow of energy transition projects, spurred in 2024 by the Inflation Reduction Act of 2022, is hard to predict under the incoming Trump administration.
Uncertainty is the defining word for clean energy projects, energy lawyers at a number of Big Law firms with Texas operations said, although none of the lawyers foresee the new administration getting rid of the IRA, which is designed to promote clean energy by providing tax incentives for energy transition projects.
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