12 min listen
Crux co-founder on how the transferability of tax credits in the Inflation Reduction Act is leveling the energy playing field
FromEnergy Evolution
Crux co-founder on how the transferability of tax credits in the Inflation Reduction Act is leveling the energy playing field
FromEnergy Evolution
ratings:
Length:
17 minutes
Released:
Feb 16, 2024
Format:
Podcast episode
Description
On this episode Energy Evolution podcast interviews Alfred Johnson, CEO and co-founder of Crux, about the shift towards clean energy and the tax credits offered by the Inflation Reduction Act (IRA). The IRA is creating hundreds of billions of dollars in tax credits for companies that deploy renewable energy. Transferable tax credits enable companies to sell those credits and access capital quickly. Crux is a platform for developers, tax credit buyers, and financial institutions to transact and manage transferable tax credits. The company’s inaugural market report on the state of clean energy tax credit transactions found that there was between $7 billion and $9 billion in volume of 2023 tax credit transactions. They reported that the transferability of the credits levels the playing field for smaller projects and new technologies. Please subscribe to Energy Evolution to stay current on the energy transition and its implications. Veteran journalists Dan Testa and Taylor Kuykendall co-host the show.
Released:
Feb 16, 2024
Format:
Podcast episode
Titles in the series (100)
Coronavirus pandemic, oil price crash shake up energy industry: As the COVID-19 pandemic drives crude oil prices into the $30 per barrel range, the Energy Evolution team takes a look at what the global economic slowdown means for fossil fuels, utilities and renewable energy. Listen to the episode,... by Energy Evolution