Vinson & Elkins Teams Up With Greentown Labs as It Expands to Houston
Vinson & Elkins is proud to serve as a founding sponsor of Greentown Labs Houston, which will be Greentown Labs’ second-ever location.
Greentown Houston will be the city’s first climatetech- and cleantech-focused startup incubator and will be a catalyst in driving progress toward the goals outlined in Houston’s recently announced first-ever Climate Action Plan. Greentown Houston is scheduled to open in Spring 2021.
“As recognized leaders in energy, Vinson & Elkins is on the cutting edge of renewable energy and clean technology,” said V&E partner James Garrett. “Concerns about climate change and sustainability have led many of our clients to make new investments in renewables and innovative clean technologies, so it is an honor for us to collaborate with Greentown Labs Houston as we continue to navigate the energy evolution.”
V&E will serve as the go-to legal counsel and resource for Greentown Houston. The firm will provide pro bono legal services to Greentown Houston on a variety of corporate matters as well as matters associated with intellectual property, commercial contracts, tax, employment, and real estate. In addition, V&E will offer pro bono legal advice to each Greentown Houston member company.
“Our lawyers truly believe in the value of giving back to the communities we serve across the globe, and we are especially proud of our commitment to this important initiative here in our hometown of Houston,” Garrett said.
Greentown Houston will serve as an on-the-ground catalyst for the energy transition in Houston – aiming to bring together civic and business leaders, entrepreneurs, students and other stakeholders who have already begun the transition and raise awareness of the opportunity for those who have yet to engage.
“Opening Greentown Labs’ second location in Houston – the energy capital of the world – is the best place to broaden our impact and help accelerate the energy transition through cleantech entrepreneurship, and we are grateful to Vinson & Elkins for their commitment to supporting early-stage cleantech startups,” said Emily Reichert, CEO of Greentown Labs. “Houston has the opportunity to be the energy transition capital of the world and we believe bringing Greentown Labs to Houston will accelerate the shift in this direction.”
About Greentown Labs
Greentown Labs is a community of climatetech and cleantech pioneers working to design a more sustainable world. As the largest climatetech startup incubator in North America, Greentown Labs brings together startups, corporates, investors, politicians, and many others with a focus on scaling climate solutions. Driven by the mission of providing ground-breaking startups the resources, knowledge, connections, and equipment they need to thrive, Greentown Labs offers prototyping and wet lab space, shared office space, a machine shop, an electronics lab, software and business resources, a large network of corporate customers and investors, and more. Greentown Labs’ 100,000-square-foot campus in Somerville, MA is home to more than 100 startups and has supported more than 250 startups since the incubator’s founding in 2011. These startups have collectively created more than 6,500 direct jobs and have raised more than $750 million in funding. For more information, please visit www.greentownlabs.com.
About Vinson & Elkins
For more than 100 years, Vinson & Elkins has provided deep experience in handling transactions, investments, projects, and disputes worldwide. The firm is a trusted adviser to clients in the most important industrial and digital industries. Learn more by visiting www.velaw.com or follow us on Twitter @VinsonandElkins or connect with us on LinkedIn.
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