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News: We worked with ClearGen LLC to facilitate the sale of their 2023 Solar and Storage Investment Tax Credits. From ClearGen’s CEO, Robert Howard: “ClearGen has previously monetized tax credits through partnerships and lease structures. Working with Crux, we were able to drive a transfer that was financially competitive with these traditional solutions, but much simpler to execute.” Our platform helped ClearGen navigate the transaction process and find a buyer for their tax credits quickly – allowing them to reinvest in their work driving the energy transition. Read more here: https://lnkd.in/eqRVSams

Secure your share of the $7.5 billion in federal funding for EV charging infrastructure. The latest round of funding is now open! Join us for an informative webinar on July 31st at 1pm Eastern. This is your opportunity to gain invaluable insights from top experts Amanda Wood, Senior Federal Advocacy Director at Becker & Poliakoff, P.A., and Patty de Llano, Government and Public Policy expert at BTC POWER, on securing federal funding for EV charging. What you will learn: 🔹 How to partner with public agencies to pursue EV charging funds 🔹 Lessons learned from the first funding round 🔹 Best practices for winning applicants and how we can support you through the process 🔹 How to leverage tax credits to support this purchase Don’t miss this opportunity to gain valuable strategies to secure funding for your EV charging projects. Register now to secure your spot! https://lnkd.in/dRVWE92z #AffordableHousing #EVCharging #FederalFunding #PropTech #SustainableEnergy #GreenInitiatives

Working with Crux streamlined our tax credit approach, enabling ClearGen to quickly reinvest in sustainable energy initiatives. Learn more about our partnership in the full article!

📣 Read our latest article "What to know about IRA’s Direct Pay opportunity" 📰 Under the Inflation Reduction Act (IRA), Direct Pay allows non-taxpaying entities like state agencies, local/tribal governments, and nonprofits to benefit from federal tax credits for clean energy projects. Active through 2032, this program makes federal incentives accessible to those who typically don’t qualify. The State of New Mexico and its partners now have a unique opportunity to participate in renewable energy and sustainability initiatives to reduce carbon emissions and build climate resilience. 🌍 #CleanEnergy #DirectPay https://lnkd.in/gq6XYNuy

Investment in new power generation in North America is expected to be $1.4 trillion cumulatively through 2033, with utility-scale solar, distributed solar, and onshore wind generation being the leading expected investments according to Wood Mackenzie’s 2024 North America Power Markets Strategic Planning Outlook. With the ever-increasing demand for capacity in the power grids, it is anticipated that more investors, including new types of investors enabled by alternative monetization methods for tax credits under the Inflation Reduction Act, will participate in tax equity structures to acquire tax benefits. Read the following article from my colleagues Jim Lantis, CPA and Kayla Schultz, CPA on common accounting pitfalls and key considerations surrounding tax equity buyouts.

Black Bear Energy Inc., a Legence Company, and clean-energy finance company, Evergrow, were recently featured in Canary Media Inc. for their first successful solar tax credit transfer, opening doors for REITs within the #CommercialRealEstate industry. This is just the beginning for federal incentive monetization! Read the full article with the link. #WeAreLegence #RenewableEnergy #RooftopSolar 

Managing partner Samuel Danon shares insight in this recent article, announcing the arrival of several new lawyers joining the firm's energy and infrastructure team in London. https://ow.ly/FKv250UoJXg #InfrastructureTeam #UKLawNews

Black Bear Energy Inc., a Legence Company, and clean-energy finance company, Evergrow, were recently featured in Canary Media Inc. for their first successful solar tax credit transfer, opening doors for REITs within the #CommercialRealEstate industry. This is just the beginning for federal incentive monetization! Read the full article with the link. #WeAreLegence #RenewableEnergy #RooftopSolar 

Today, we announced that a group of the nations largest developers have invested in Crux. The investment by Clearway Energy Group, EDF Renewables North America, Pattern Energy Group, and Intersect Power completes our recent fundraise led by Andreessen Horowitz. Why it matters: 🔥 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐟𝐢𝐫𝐞𝐩𝐨𝐰𝐞𝐫 𝐭𝐨 𝐛𝐮𝐢𝐥𝐝. Crux has raised over $27 million in venture and strategic capital. We've doubled the team since the beginning of the year and we're still #hiring. We've now done deals in solar, wind, battery storage, bioenergy, and advanced manufacturing. Buyers include everyone from family offices to the Fortune 100. 👊 𝐖𝐞 𝐡𝐚𝐯𝐞 𝐭𝐡𝐞 𝐫𝐢𝐠𝐡𝐭 𝐩𝐞𝐨𝐩𝐥𝐞 𝐚𝐫𝐨𝐮𝐧𝐝 𝐭𝐡𝐞 𝐭𝐚𝐛𝐥𝐞. Our investor group -- which also includes Ørsted, LS Power, and Hartree Partners -- has more than 100 GW of pipeline. As Hunter Armistead put it: "Crux's platform is a game-changer for financing clean energy projects. It allows us to maximize the current tax monetization market by streamlining transactions and managing transferable tax credits". 🌊 𝐀𝐝𝐝𝐢𝐧𝐠 𝐝𝐞𝐩𝐭𝐡 𝐨𝐧 𝐚𝐥𝐥 𝐬𝐢𝐝𝐞𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐚𝐫𝐤𝐞𝐭. Clean energy investment is accelerating, with a record $71 billion in clean energy and transportation investments in the first quarter of this year alone, a 40% increase from the same period in 2023. The policy is working. But, to maintain our rapid pace, we need more developers and manufacturers, more innovation, more expert advisors, and thousands more buyers. To meet this need, we'll make even more investments in our software, team, and market leading content. 📈 𝐖𝐞'𝐥𝐥 𝐛𝐮𝐢𝐥𝐝 𝐚 𝐦𝐨𝐫𝐞 𝐦𝐚𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭, 𝐧𝐨𝐰. When new asset types are created and grow larger they typically evolve to become more standardized, efficient, liquid, broad-based, and transparent. That is often a long process. But, we don't have the time for that. We'll use our capital to invest in liquidity and efficiency. ⚡ 𝐁𝐞𝐭𝐭𝐞𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦 = 𝐛𝐞𝐭𝐭𝐞𝐫 𝐭𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧𝐬. Our software is already significantly enhancing price discovery, matching, and closing. More embedded diligence tools and data will allow our partners to do more deals faster. One recent deal between a large seller and F100 buyer closed in 22 days. We now have more than 50 intermediary partners (banks, tax advisors, and syndicators) that use our tools to source deals and transact more efficiently. For more details, check out the full story on Heatmap News here. https://lnkd.in/gFSjPvEC

🇺🇲 #CarbonUnbound East Coast 2024 Partner Announcement: Orrick, Herrington & Sutcliffe LLP Orrick is a leading global law firm that advises pioneers in energy transition, energy tech, and infrastructure modernisation on their ambitious decarbonisation projects. With a team of 150+ energy lawyers, Orrick supports the entire life cycle of a project, including all aspects of joint ventures and M&A, project finance, project development, procurement, regulatory, offtakes, and the full carbon value chain.  Its tax-driven financing team is at the cutting edge of the CDR market, experienced with every structure and complexity. Following the Inflation Reduction Act (IRA), they have advised on the first tax equity financings for stand-alone battery storage projects, the first carbon capture and hydrogen projects taking advantage of expanded tax credits, and dozens of tax credit transfers. Orrick is the only firm ranked in Band 1 by Chambers for all three renewables and energy transition categories. ➡️ Learn more about Orrick’s unique approach to Energy and Infrastructure practice: https://www.orrick.com/  #carbonremoval #climateaction #netzero