We're thrilled to welcome Megha Jain to Crux as Software Engineer! Megha is a recent graduate of University of California, Berkeley with dual degrees from the School of Business and the College of Computing, Data Science, and Society. During her time there, she contributed to both venture firms and energy companies like Contrary, Banyan Infrastructure, and Southern California Edison (SCE). On joining Crux, Megha shares, "It's an incredible time to work on such a rapidly evolving, mission-driven product. I love the high level of ownership everyone at Crux has, and I’m excited to make an impact as a part of the team!" Please join us in welcoming Megha to the team!
Crux
Technology, Information and Internet
Efficient finance for the energy transition.
About us
The platform for sustainable finance, starting with transactions of the new transferable tax credits created by the Inflation Reduction Act.
- Website
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www.cruxclimate.com
External link for Crux
- Industry
- Technology, Information and Internet
- Company size
- 11-50 employees
- Type
- Privately Held
- Founded
- 2023
Employees at Crux
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Robert Parker
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Joel Riciputi
Impact and Growth Leader & Advisor I Energy l Climate l Sustainability l Social Impact l Education
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Matt Tucker
Technology leader and builder.
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Phil Bronner
Managing Partner @ Ardent Venture Partners; OneMain Financial, Method Financial, Crux, GiveButter, Collective
Updates
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Crux reposted this
Curious about how to navigate tax credit transfers post-IRA? Katie Bays Strategist at Crux, teamed up with Vinson & Elkins' Lauren Collins, Mary Alexander, Viktoria Vozarova, and Sarah McIntosh to create a detailed guide on accessing and navigating the IRS’s pre-filing registration portal. This guide is essential for every transferable tax credit deal. Read their insights on #cleanenergy tax and #renewableenergy project finance: https://lnkd.in/gvRv9-rq
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Tomorrow, Crux CEO Alfred Johnson joins Evercore’s Sarah Bianchi and James West for a deep-dive into our latest research on 45X advanced manufacturing tax credits and the current state of the tax credit market. Join the conversation: https://lnkd.in/e5GgeaQq
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We’re excited to attend SOSV’s Climate Tech Summit this week. Join us for a break-out session on the state of cleantech investments and the future of the Inflation Reduction Act with an exciting panel of speakers: - Dawn Lippert, founder and CEO of Elemental Impact - Alfred Johnson, co-founder and CEO of Crux - Riddhima Yadav, Vice President of Brookfield Asset Management Thank you to Cipher News's Cat Clifford for moderating. You can register here: https://lnkd.in/eC6iaxFk
Mapping New Cleantech Across America
events.zoom.us
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In the first half of 2024, supply skewed towards more established technology types — but that is changing. 95% of reported deals in 1H2024 were for wind, utility-scale solar or storage, and advanced manufacturing credits. The supply of utility-scale tax credit inventory has largely been committed or already purchased. However, overall demand is growing rapidly, and buyers have become increasingly sophisticated in their approach to tax credit transactions. If supply of highly transactable tax credit types presents a constraint in the second half of the year, other tax credit categories are likely to make up a larger share of the market, particularly advanced manufacturing (45X) credits, renewable natural gas (RNG), distributed generation, residential solar, and nuclear projects (following anticipated regulatory guidance). Learn more about the changing landscape of transferable tax credits in our 2024 Mid-year Market Intelligence Report: https://lnkd.in/g5DerbWG
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Please join us in welcoming Phil Coconcea, CFA as our new Senior Manager on the Markets & Transactions team! On joining Crux, Phil shared, "I'm thrilled to join Crux because of its mission to revolutionize clean energy financing and the incredible team driving this vision. With my background in project finance, I've seen first-hand the inefficiencies in the tax equity financing cycle, and I'm excited to be joining the effort to transform and streamline those markets through transferable tax credits." Phil has built a career supporting clean energy developers' project finance strategies at companies like Kendall Sustainable Infrastructure, LLC. He also brings a wealth of knowledge is technologies like hydrogen from his time at H Cycle, LLC. Welcome to the Crux team, Phil!
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Crux reposted this
So how are cleantech investments going leading up to the U.S. election? Hear from this rockstar panel at an SOSV breakout session hosted by Cipher News on Oct. 16: - Dawn Lippert of Elemental Impact - Alfred Johnson of Crux - Riddhima Yadav of Brookfield Asset Management - Moderated by Cipher's Cat Clifford Register here --> https://lnkd.in/gBVA3QRW Thank you to Ned Desmond, Benjamin Joffe and the whole SOSV team for including us in their Summit.
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Crux reposted this
Latham partners Kelly Cataldo, Jim Cole, Eli Katz, and Daniel Sinaiko, and Crux’s General Counsel Jacob Wolf discuss structuring issues and considerations for tax credit transfer bridge loans, as well as provide an update of the state of the tax credit market and the current IRA landscape, in this on-demand webcast. https://lw.link/CYhtPa
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Crux is proud to have facilitated multiple tax credit transactions in partnership with CLA (CliftonLarsonAllen), a top-10 US accounting and professional services firm, including the successful sale of Commercial and Industrial (C&I) Solar ITCs from Balance Solar. These tax credits were generated by four projects across the Midwest: two Habitat for Humanity International buildings in Illinois, one church in Illinois, and a food bank in Missouri, all created to serve the local communities. Traditional tax equity structures have not historically served projects of this size. Transferability enabled the developer to monetize their tax credits and unlock additional capital. Intermediaries play a key role in the transferability market. Buyer advisors like CLA are using Crux to access high quality supply, authoritative data, transparent pricing, and market validated documentation, ultimately enabling their clients to manage tax liability and meet sustainability goals. We look forward to our continued partnership with CLA: https://lnkd.in/eBWp9tqK
Crux and CLA Facilitate Sale of Commercial and Industrial (C&I) Solar ITCs from Balance Solar
einpresswire.com
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The tax credit transferability market continues to evolve and hit new milestones, including by driving a surge in domestic manufacturing investments through 45X PTCs. Crux co-founder and CEO Alfred Johnson and Evercore's Sarah Bianchi and James West provide the latest updates on October 16th at 2pm ET. They’ll cover salient insights from our latest research on advanced manufacturing credits such as their impact on job creation, clean energy production, and domestic manufacturing in the U.S. Register now: https://lnkd.in/e5GgeaQq
Video Conferencing, Web Conferencing, Online Meetings, Screen Sharing - Zoom
evercore.zoom.us