Slashing CO2Unlocking the clean economy’s trillions.
Big Picture
Tax credits kickstarted the US clean energy boom. Lower tax bills sparked a green feedback loop of lower costs, greater deployment, rinse and repeat. Trillions-with-a-T are flowing into clean energy, an already- exponential curve bent further by the Inflation Reduction Act. Credits are now heftier, wider, and transferable, allowing clean energy developers to cut tax bills and sell extra credits to any entity looking to do the same.
How it Works
Crux makes clean energy finance dead simple, starting with transferable tax credits. Crux’s digital marketplace and toolset standardize, derisk, streamline credit trading and transactions. Developers gain access to aggregated demand and improved pricing for their credits. Investors gain access to standardized and pain-free credit buying opportunities as well as centralized and simplified portfolio reporting.
Unfair Advantage
Crux maximizes value and liquidity for clean energy developers and investors. This will grow more crucial as clean energy’s rapid ascent drives gradually lower project IRRs. Efficient credit trading attracts supply and demand initially and spurs network effects of ever greater speed, efficiency, certainty, and transparency. All this lays the groundwork for a one-stop shop for seamless clean energy project financing.
1.2
Trillion dollars
worth of credits unlocked by the IRA
ALFRED JOHNSON CEO & CO-FOUNDER
Alfred was previously Treasury Dept. Deputy Chief of Staff, co-founder and CEO of Mobilize, Head of Sales at Clara, and VP of Blackrock.
ALLEN KRAMER COO & CO-FOUNDER
Allen was co-founder and president of political fundraising app Mobilize. He is an investor and advisor to multiple climate tech companies.
Crux nets $18M for clean energy credits, led by a16z
Axios
Startup aims to help climate companies unlock billions in Inflation Reduction Act tax credits
CNBC
How Biden’s climate law spurred a tax credit revolution
Financial Times