Special Purpose Acquisition Companies (SPAC) as acquisition funders are now under investors scrutiny due to challenging market dynamics and pressure from regulators. Given the sustainability-related importance of energy SPACs, as well as their binary nature, of either funding an acquisition or failing, we seek to identify factors that lead to their success. Analyzing energy SPACs from 2003–2022, we find the speed of the process and established underwriter are primary indicators of success, while female presence on boards and CEOs being foreign act against success. Our results have practical implications for energy transition investors and entrepreneurs in energy sector.

由于具有挑战性的市场动态和来自监管机构的压力，特殊目的收购公司 (SPAC) 作为收购资助者现在受到投资者的审查。鉴于能源 SPAC 与可持续性相关的重要性，以及它们为收购提供资金或失败的二元性质，我们寻求确定导致其成功的因素。分析 2003 年至 2022 年的能源 SPAC，我们发现流程的速度和成熟的承销商是成功的主要指标，而女性在董事会中的存在和 CEO 是外国人则不利于成功。我们的结果对能源行业的能源转型投资者和企业家具有实际意义。