Crux's Alfred Johnson Outlines Trends in the Market for Transferable Tax Credits

Renewable Energy SmartPod

Sponsored by: EDF Renewables
The Inflation Reduction Act has revolutionized how the energy transition is being financed. The IRA is chock full of tax credits and other incentives designed to spur investment in renewables and one key aspect of the IRA pertains to the transferability of those tax credits. Alfred Johnson, the co-founder and CEO of Crux, joins the show to discuss how the market for transferable tax credits is taking shape. The team at Crux recently released their Mid-Year Market Intelligence Report, which details how the market for transferable tax credits is faring so far this year.
Alfred also offers his insights on how the market for transferable tax credits is set to grow -- regardless of political uncertainty -- and what firms can do to make their tax credits 'highly transactable' in a rapidly evolving market.
And finally, Alfred tells the remarkable story of how part of his inspiration to co-found Crux came from a source that is VERY familiar to listeners of this podcast.
Key highlights
Background information at Alread and the founding of Crux - (3:34)
How Crux's 2024 Mid-Year Market Intelligence Report was compiled - (6:41)
The 6 key takeaways from the Mid-Year Market Intelligence Report - (9:31)
What's driving growth in the market for transferable tax credits - (11:18)
Participation in the market expands beyond big banks and Big Tech - (14:27)
How long it takes deals to close - (15:46)
Regions where deals are originating - (17:55)
How the market is coping with political uncertainty - (19:13)
Possible headwinds the market might encounter - (20:28)
How big will the market be by 2030? - (21:56)
How organizations can make their tax credits highly transactable - (23:43)
Where Alfred got some of his inspiration to co-found Crux - (28:05)
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