Foley & Lardner LLP represented Context Labs, an enterprise data fabric climate technology company, in its partnership with Williams (NYSE: WMB), a Fortune 500 American energy company focused on providing infrastructure to safely deliver natural gas products to reliably fuel the clean energy economy.
The partnership will allow Williams to utilize Context Labs’ Decarbonization as a Service™ (DaaS™) clean energy technology solution to support the gathering, marketing, and transporting of responsibly sourced gas from well-head to end-user. The DaaS™ technology provides verified emissions profiles and captures the progress of greenhouse gas (GHG) mitigation across the natural gas value chain, enhancing clean energy supply and delivery for Williams and its customers and providing end-to-end measured, verifiable, and transparent emissions data for real-time decision-making capabilities. The deployment of this enterprise data fabric solution will be targeted at Williams’ facilities and its upstream and downstream ecosystem partners to accelerate its energy transition and affirm its commitment to transparency and governance around climate change.
Founded in 2013 and formed out of MIT research, Context Labs is dedicated to providing the world’s trusted impact software platform to lead and set the standard for trusted data and analytics. The company transforms disparate data into asset-grade data, deploying machine learning, AI-driven asset-grade analytics, and cryptographic blockchain technologies for context-driven insights. Context Labs sources, organizes, and contextualizes environmental, social, and governance information, enabling investors and stakeholders better target companies to accelerate and maximize global impact.
The Foley deal team was led by Partner Christopher McKenna.
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Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean power generation, heating and industrial use.
Context Labs provides solutions for customers who demand trusted provenance in their data, tracked veracity through the data’s supply chain of use, and a requirement for trusted insights. It is dedicated to sourcing, organizing, and contextualizing the world’s ESG information, enabling data to become trusted, shared, and utilized as Asset Grade Data to provide insights and solutions through Asset Grade Analytics that informs markets. Context Labs’ mission is to provide the world’s trusted data fabric platform, delivering Asset Grade Data, using its ImmutablyTM Data Fabric platform, deploying machine learning, Artificial Intelligence, and cryptographic blockchain technologies for context-driven insights. The company was formed out of MIT research and is comprised of a leadership team that has been instrumental in the at-scale growth of the Internet, in prior companies.