Andrew C.
Compton

On June 23, 2026, Westinghouse Electric Corporation (“Westinghouse”) announced its intention to partner with the U.S. Department of Energy (“DOE”) Office of Energy Dominance Financing (“EDF”) under the American Nuclear Supply Chain Loans program. The program will enable investment in nuclear supply chains and accelerate deployment of new nuclear generation at scale in the United States. EDF has announced a conditional commitment (subject to Westinghouse, its owners and its partners satisfying certain conditions) of $17.5 billion in obligated funds to finance the purchase of long‑lead time items (“LLI”) for up to 10 Westinghouse AP1000® units, the only fully designed and licensed advanced commercial reactor operating in the United States today. Westinghouse will partner with up to five eligible utilities or energy companies to procure LLI for projects with two reactors each and has signed letters of intent with seven potential partners with identified sites. Cravath is representing Westinghouse in connection with the transaction.

On February 12, 2025, family office Ciardelli Investments LLC (“Ciardelli”), entered into a definitive agreement pursuant to which Ciardelli agreed to acquire a minority equity stake in Solaflect Energy, LLC (“Solaflect”), a Vermont‑based developer of off‑grid solar trackers and solar‑powered electrical vehicle chargers. The investment was implemented by way of a subscription for new preferred equity shares in Solaflect. Cravath is representing Ciardelli in connection with the transaction.

Cravath represented Syrah Resources Limited (“Syrah”), as sponsor, and its subsidiary, Twigg Exploration & Mining, Limitada, as borrower, in connection with a loan from the United States International Development Finance Corporation (“DFC”). Syrah, together with its subsidiaries, is strategically positioned as the first vertically integrated ex‑China natural graphite active anode material supplier for battery and electric vehicle manufacturers globally. Proceeds of the DFC loan will be used to fund capital requirements at the Balama Graphite Operation in Mozambique, the largest graphite mining and processing operation in the world. Graphite produced at Balama is shipped to global battery anode and industrial customers and is being processed at Syrah’s active anode material facility in Louisiana. DFC’s investment will support Syrah in preparation for increased sales to ex‑China anode customers, bolstering the U.S. supply chain for critical minerals. The transaction closed on November 8, 2024.

On June 26, 2026, Cravath partners Kevin J. Orsini and Andrew C. Compton were named to Lawdragon’s 2026 list of “500 Global Leaders in Energy,” for their work advising clients in the energy sector on Litigation and Corporate matters, respectively. This is the second consecutive year Kevin and Andrew have been featured by Lawdragon for their energy‑related work. 

On March 16, 2026, Cravath prepared a memo for its clients entitled “IRS Interim Guidance on FEOC Rules: Compliance with the Material Assistance Restrictions.” The memo discusses Notice 2026‑15 issued by the Department of the Treasury and the Internal Revenue Service on February 12, 2026, in connection with the foreign entity of concern (“FEOC”) rules that were expanded under the One Big Beautiful Bill Act (the “OBBBA”). The FEOC rules apply to taxpayers claiming tax credits under Sections 45Y, 48E and 45X of the Internal Revenue Code. The notice primarily provides interim guidance regarding the “material assistance” restrictions under the OBBBA, including the calculation methodologies for determining compliance and availability of certain interim safe harbors for certain technologies.

Cravath partner Andrew C. Compton participated in the Forum on North American Infrastructure Investments, which was presented by Cambridge Forums from February 4‑6, 2026, in New Orleans, Louisiana. Through discussions between senior in-house counsel, institutional investors and external lawyers, the Forum explored trends and developments in direct investments in major infrastructure projects from across North America to discern best practices for successfully completing transactions and addressing the long-term risks and challenges facing investors.

In the summer of 2025, Cravath partner Andrew C. Compton was elected Vice Chair of the Board of Directors for the Lawyers Alliance for New York. The Lawyers Alliance is a provider of pro bono business and transactional legal services for nonprofit organizations and social enterprises that improve the quality of life for people in low‑income communities throughout New York City. Cravath has worked with the organization since 2001. Andrew has served on the Lawyers Alliance Board of Directors for three years, and additionally serves as Chair of its Investment Committee.

On September 12, 2025, Cravath prepared a memo for its clients entitled “IRS Publishes Guidance for Determining Beginning of Construction for Solar and Wind Projects.” The memo examines the Internal Revenue Service’s recently issued Notice 2025-42 (“New Guidance”), which sets forth new rules for determining “beginning of construction” for solar and wind projects seeking to claim clean electricity credits under Sections 45Y and 48E of the Internal Revenue Code.