Insights and News
November 4, 2024
The survey collects data on commercial activity, deal standards, and market sentiment in the tax credit market for 2024. All market participants are welcome to contribute.
Read MoreDecember 3, 2024
Crux is launching the Transaction Hub, a centralized place for developers and manufacturers, tax credit buyers, and advisors to manage, track, and execute transferable tax credit transactions.
Read MoreNovember 27, 2024
Crux co-founder and CEO Alfred Johnson sat down with a panel of energy, tax, finance, and legal experts to discuss how tax reform under the next administration will likely impact energy tax credits.
Read MoreNovember 22, 2024
The market for energy and manufacturing tax credits has seen immense growth in 2024, leading to increased competition. Sellers have more choices, so standing out is imperative for tax credit buyers. Crux has identified several ways that buyers can help differentiate themselves and win in a competitive process.
Read MoreNovember 20, 2024
Crux helped Rivian structure two tax credit deals in the absence of technology-specific guidance from the Internal Revenue Service, ultimately driving a competitive process and making Rivian's entry into the transferable tax credit market a success.
Read MoreOctober 24, 2024
Summarizing the final guidance from the Treasury for 45X advanced manufacturing PTCs. The final guidance should simplify the process for US manufacturers and producers of critical minerals to access 45X tax credits.
Read MoreOctober 21, 2024
Download Crux's third quarter market update to obtain updated tax credit pricing by technology type, details on market supply, demand, and our outlook for the rest of 2024.
Read MoreOctober 11, 2024
Experts from the law firm Vinson & Elkins partner with Crux to prepare a detailed guide to the IRS's pre-filing registration portal. Learn how to access the portal to register transferable tax credits generated by eligible projects and facilities, as well as how to properly account for transfers in the context of tax filings.
Read MoreOctober 7, 2024
Crux facilitated one of the industry's first advanced manufacturing tax credit transactions in late 2023. Here's how the deal got done.
Read MoreOctober 2, 2024
Beginning in 2025, clean energy projects have access to the new 48E clean electricity Investment Tax Credit and 45Y clean electricity Production Tax Credit. The legacy Section 48 ITC and Section 45 PTC credits will no longer be available to projects that start construction after December 31, 2024, and will instead be replaced by the tech-neutral tax credits. Going forward, developers of new projects need to understand the details of the new tax credits, and tax credit buyers should understand the different qualification parameters under the tech-neutral tax credit regulations.
Read MoreSeptember 20, 2024
On September 18 the IRS published proposed regulatory guidance addressing outstanding questions related to the 30C alternative fuel vehicle refueling tax credit.
Read MoreSeptember 12, 2024
Crux is launching the Cruxtimate, projected market prices for clean energy tax credits. The Cruxtimate is derived from a model that takes into account a dozen factors that influence tax credit pricing.
Read MoreSeptember 5, 2024
45X advanced manufacturing tax credits are a valuable new incentive for domestic clean energy manufacturers. Learn how to make the most of these incentives through the transferable tax credit market.
Read MoreAugust 16, 2024
Two years ago, the IRA was signed into law. It kicked off a wave of new investment in clean energy and domestic manufacturing supply chains. We highlight ten important milestones that the clean energy sector has achieved since the passage of the law.
Read MoreAugust 7, 2024
Biofuel projects are newly eligible for federal clean energy tax credits and poised to comprise a growing share of the market.
Read MoreJuly 24, 2024
The market for transferable tax credits is taking off and becoming more transparent and competitive. As competition increases, standing out is imperative for sellers. There are common actions every project developer and manufacturer can take to make their credits more appealing, ultimately generating more bids and maximizing their value.
Read MoreJuly 29, 2024
Takeaways from Crux's Mid-Year market report, derived from $6.8 billion in reported transactions in 2024 tax transferable tax credit deals.
Read MoreJune 26, 2024
Crux facilitated the competitive solicitation of bids for an electric utility customer, leading to the successful closing of their first transferable tax credit transaction in just a few weeks.
Read MoreJune 12, 2024
Crux surveyed three dozen leading tax, legal, and financial advisors and insurers. The white paper, based upon their feedback, details the emerging standards and practices for transactions in clean energy tax credits.
Read MoreJune 4, 2024
Crux interviewed Jeff Fitzgerald and Brandon Hill with CLA regarding accounting treatments for transferable tax credit transactions
Read MoreMay 23, 2024
The IRS introduces a new elective safe harbor for clean energy project developers to demonstrate compliance with the domestic content bonus adder, which offers an additional 10% bonus on the value of their tax credits.
Read MoreMay 15, 2024
Crux interview Kirkland & Ellis' Sam Kamyans, an expert in transferable tax credit transactions, regarding the common risks and strategies tax credit buyers employ when pursuing a deal for the first time.
Read MoreMay 15, 2024
Featuring a detailed outlook of the supply of clean energy tax credits by Evercore ISI. They forecast that as much as $47 billion of transferable tax credits may be sold in 2024.
Read MoreApril 25, 2024
Finalized guidance for transferable tax credits paves the way for a growing market for clean energy tax credits.
Read MoreApril 15, 2024
A deep dive into the benefits of tax credit transferability for the fastest-growing part of the energy complex.
Read MoreApril 3, 2024
The market for clean energy tax credits is off to a strong start in Q1. Download our quarterly market update for insight into key pricing and commercial themes.
Read MoreApril 1, 2024
Wendolyn Holland, former Senior Advisor for Commercialization in the Office of Energy Efficiency and Renewable Energy at the DOE, unpacks the recent announcement of $4 billion in tax credit allocations under Section 48C.
Read MoreMarch 22, 2024
An outline of the measures of economic return companies commonly use to maximize and measure the impact of a tax credit purchase.
Read MoreFebruary 27, 2024
Clean energy finance and tax equity deal terms and structures are evolving rapidly to take advantage of transferability. Crux interview the legal team at White & Case on what they're seeing in the market as new projects seek to raise capital.
Read MoreFebruary 7, 2024
What are commercial and industrial solar projects and how do they differ from utility-scale? We unpack the important differences in C&I projects and why they are so attractive to certain buyers.
Read MoreJanuary 30, 2024
Learn more about how we’ll use this new capital to fuel rapid growth of the largest ecosystem for transferable credits and make significant investments in our team and software.
Read MoreJanuary 30, 2024
This round brings Crux’s total funding to over $27 million, reaffirming Crux’s key role building critical financial infrastructure for the energy transition.
Read MoreJanuary 23, 2024
Commentary by Itai Grinberg, Professor, Georgetown University College of Law
Read MoreJanuary 16, 2024
Access the 5 biggest takeaways from our inaugural market intelligence report, reflecting information collected from $3.5 billion in 2023 transferable tax credit transactions.
Read MoreDecember 22, 2023
The hotly-anticipated guidance should help pave the way for producers of clean hydrogen to access a valuable production tax credit.
Read MoreDecember 22, 2023
Just as the launch of the Treasury pre-registration portal will kick off a new phase for the market, it will also kick off a new phase of our product development.
Read MoreDecember 15, 2023
The guidance clarifies the definitions, credit values, and other applicable details for manufacturers of qualifying solar, wind, battery, and inverter equipment as well as manufacturers of 50 critical minerals. Here's what you need to know.
Read MoreDecember 11, 2023
What are 45X and 48C tax credits? We’re unpacking how these credits work, their unique circumstances, and why they’re so desirable amongst buyers.
Read MoreNovember 20, 2023
5 key takeaways from the release affecting the offshore wind and biogas industries, stand-alone energy storage, and clarifying recapture for the prevailing wage and apprenticeship bonus.
Read MoreNovember 20, 2023
Issues that routinely arise in the course of transferable tax credit deals and how buyers can strategically mitigate these risks.
Read MoreNovember 6, 2023
Many individuals are interested in participating in the market for clean energy tax credits, both to invest in sustainable energy and manage federal taxes. While individuals can participate in the market, that opportunity is currently limited.
Read MoreOctober 24, 2023
Developers with credits for sale in 2024 and beyond should test the market early. Putting feelers out to assess market appetite and price for tax credits is a low risk process.
Read MoreOctober 19, 2023
Section 48e of the IRA promotes cost-saving clean energy investments in low-income communities through the introduction of new bonus credits. Learn more about qualifications and how to apply.
Read MoreOctober 10, 2023
As 2023 comes to a close, we are seeing a surge of activity in the transferable tax credit market. Here is an outline of the major milestones in a transaction timeline, providing a realistic picture of the time to transact going into year end.
Read MoreOctober 4, 2023
Key themes arising in the transferable tax credit market: the role of intermediaries, upwards pricing, supply-demand dynamics, and important Q4 deadlines.
Read MoreSeptember 21, 2023
Why we believe that intermediaries and advisors will be critical to the success of the transferable tax credit market and have built an ecosystem to support their work, as well as the needs of buyers and project developers.
Read MoreSeptember 12, 2023
Heading into Climate Week, we share an update on our robust platform, growing pool of partners, and the support we uniquely provide to intermediaries to power the clean energy transition.
Read MoreSeptember 7, 2023
As TTC transactions begin to accelerate, here’s what buyers, sellers, and intermediaries can expect in their first transaction with Crux, from initial onboarding through closing the deal.
Read MoreAugust 25, 2023
The passage of the Inflation Reduction Act (IRA) in 2022 introduced a new mechanism whereby developers of clean energy projects are able to sell, or transfer, their tax credits to corporate taxpayers at a discounted rate, allowing companies across industries and of all sizes to participate in clean energy development. This rapidly-growing market introduces complexities and questions about the logistics, risks, and potential impact of transferability. Here's everything you need to know to get started.
Read MoreAugust 15, 2023
A debrief of three key market themes that have grabbed headlines in recent months: interconnection, IRS guidance, and interest rates.
Read MoreAugust 3, 2023
We’re highlighting some recent conversations with clients – CFOs and tax executives across industries – as their five steps to evaluating and pursuing their first TTC transactions.
Read MoreJuly 26, 2023
An inside look at the rapidly-evolving transferable tax credit (TTC) market, including trends, timelines, and pricing, informed by our team’s daily engagements with buyers, sellers, and syndicators of TTCs.
Read MoreJuly 24, 2023
Key takeaways from the Organization for Economic Coordination & Development's (OECD) new guidance regarding treatment of the Inflation Reduction Act (IRA) transferable tax credits under the global minimum tax structure.
Read MoreJune 22, 2023
Key takeaways from our June 20 webinar on Treasury’s newly-released guidance on transferability with tax, legal, and energy experts from Allen & Overy, M&T Bank, and Foss & Co.
Read MoreJune 21, 2023
New Fundraising, led by Ardent Venture Partners, Brings Crux’s Total to $8.85 Million Raised And Adds Leading Strategic Investors.
Read MoreJune 14, 2023
Treasury just released new guidance on the transferable tax credits created by the Inflation Reduction Act, opening the door for this new market to scale rapidly and make sustainable finance more efficient & interconnected.
Read MoreMay 3, 2023
We hosted a webinar on April 26 to discuss the growing market for transferable clean energy tax credits alongside tax, legal, and energy experts from Allen & Overy, KPMG, and Boundary Stone Partners.
Read MoreApril 13, 2023
Over the next decade, experts have estimated total investments in clean energy & decarbonization projects will be as much as $3 trillion. We’re launching Crux to make sustainable finance more efficient and interconnected.
Read MoreApril 13, 2023
Our perspectives on transferability, how this new market is emerging, and what Crux can do to make transferring tax credits more efficient.
Read MoreApril 13, 2023
Crux is announcing the launch of a new ecosystem for sustainable finance – one that will accelerate clean energy projects made possible by the Inflation Reduction Act (IRA), beginning with the law's transferable tax credits.
Read More