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Crux co-founder on how the transferability of tax credits in the Inflation Reduction Act is leveling the energy playing field

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)

Energy Evolution is a podcast from S&P Global Commodity Insights that explores how the energy industry is changing. Co-hosts Dan Testa and Taylor Kuykendall spend each episode talking to leading experts from the energy and finance fields and breaking down the trends that the policymakers, traders and industry professionals need to know about. The team uses the reporting firepower and data resources of Market Intelligence to tackle the big issues of the day and changes on the horizon. Dan and Taylor are veteran journalists with broad expertise covering the utility and mining sectors.