Arcadia reposted this
A few months back I was speaking with an investor who made a striking comment: "if you're a CFO in America, its malpractice to not buy transferable tax credits" His point was with the new rules from the IRA, corporate America should be shoveling every dime of profit into tax credits powering decarbonization. Instead of companies sending profits abroad, or doing buybacks, its an elegant policy change to get every dollar of corporate profits into renewables. But a platform is necessary to make it simple, and we couldn't be more excited to partner with Alfred Johnson and the Crux team Arcadia's data platform is used by hundreds of renewables/storage developers to help underwrite and optimize gigawatts of assets, and with this partnership we'll move even deeper into the financing journey for our customers https://lnkd.in/eCaR2Yc4
Mike Maruca
3mo
was wondering when this would happen
Jamie Hutson
3mo
Exciting collaboration!
Climate Tech Exec, Investor & Ecosystem Builder | Systems Thinking | SmartCities | Resiliency | ESG
2moExciting news! Agreed, but more importantly, if you're a CFO in America and trying to achieve your net zero or ESG targets, its malpractice to not invest into your own operational energy and instead exporting this valuable capital buying tax credits or RECs. CFOs can still capture renewable energy credits more efficiently and cost effectively this way (and capture the resiliency value, accelerated depreciation, and energy arbitrage value) rather than going to markets or third parties to invest into renewable tax credits.