In 2024, Tom Burton described the clean energy transition as entering its “third inning” — a phase defined by execution and scale. A year later, the game looks very different.
In this episode, produced in partnership with Mintz, Stephen Lacey sits down with Burton to revisit that framework and assess the state of play for U.S. energy infrastructure heading into 2026.
Burton, who chairs Mintz’s sustainable energy and infrastructure practice, brings nearly three decades of experience advising developers, investors, and operators across clean energy and digital infrastructure.
They begin with the immediate market picture: a surge of renewable projects racing to put steel in the ground under existing tax rules, followed by a thinning pipeline. Burton explains why 2027 and 2028 could mark a slowdown in new deployments, even as demand continues to rise.
From there, the conversation turns to politics. Federal hostility toward clean energy, shifting tax credit structures, foreign sourcing rules, and the weaponization of permitting have introduced new layers of risk. Deals are harder to close, financing is more complex, and even strong projects are feeling the strain.
Burton unpacks what this environment means for developers, including who’s most exposed to the current shakeout, what separates resilient companies from struggling ones, and why permitting uncertainty may now be a bigger threat than tax policy itself.
The episode also explores one of the defining forces reshaping the energy sector: the rapid expansion of digital infrastructure. Burton explains how power availability, interconnection, and long-term grid planning are now central to dealmaking.
The energy transition hasn’t stopped, says Burton. But it has entered a rain delay — and the companies that adapt during the pause will be the ones still standing when play resumes.
This is partner content, brought to you by Mintz. Tom Burton is the chair of the sustainable energy and infrastructure practice at Mintz. To follow the insights Tom and his team are tracking — in policy, markets, finance, and development — visit their website and get in touch.
