2023 in Review: A Report on the Booming US Clean Energy Tax Credit Market
Learn more about the transferable tax credit market’s rapid growth and how solar manufacturers are gearing up to take advantage, covered by Latitude Media.
New research on how transferable tax credits are expanding clean energy investment. Where is the market headed in 2024?
There is a market blossoming in the US worth tens of billions of dollars. It’s for clean energy tax credits. And thanks to transferability rules under the Inflation Reduction Act, a wide range of companies can now manage their tax liability by investing directly into domestic projects that will bring more wind, solar, bioenergy, EVs, and manufacturing online.
Prospective buyers of clean energy tax credits often ask: “What’s the catch?” For buyers, a tax credit purchasing strategy is one of the few sustainability initiatives that can generate an immediate, positive ROI. This live virtual event provides sellers, buyers, and intermediaries a deeper understanding of the market growth and obstacles based on 2023 data, with a look at the key market trends to watch in 2024.
Crux is the ecosystem for clean energy developers, tax credit buyers, and financial institutions to transact and manage transferable tax credits. The Crux 2023 Transferable Tax Credit Market Intelligence Report unveils new research about the clean energy tax credit market collected through an annual survey and real transactions on the Crux platform. Crux CEO Alfred Johnson and Latitude Media’s Stephen Lacey unpacked the findings, taking a detailed look at the market growth, trends, and influences to understand in 2024.
Who should watch
- Clean energy developers + asset owners
- Tax credit buyers
- Prospective tax credit buyers
- Financial institutions
- Tax advisory firms
- Syndicators
Frontier Forum themes
- In-depth 2023 market analysis: trends in pricing, insurance, technology, types
- 2024 outlook: expectations for market growth, deal sizes, tax credit pricing
- Motivations and obstacles for participating in the tax credit market
- Expert guidance for buyers and sellers
- The role of intermediaries
- New technologies eligible for tax credits
- The broader impact of clean energy tax credits
Stephen Lacey is a veteran business journalist, editor, and audio producer. He's the executive editor and co-founder of Latitude Media, an integrated B2B news, research, and events company focused on the new frontiers of clean energy and climate technology.
Stephen has been covering the clean energy market for nearly two decades, previously working as an editor at Renewable Energy World, Climate Progress, and Greentech Media. He's also the host of "The Carbon Copy," a popular narrative-news show about the business trends shaping the energy transition.
Alfred I. Johnson is Co-Founder and CEO of Crux Climate – the ecosystem for developers, tax credit buyers, and financial institutions to transact & manage transferable tax credits.
From 2021-2022, Alfred served as Deputy Chief of Staff to Secretary Janet Yellen at the US Department of the Treasury where he was responsible for work related to digital assets, cybersecurity and technology, pandemic response, and the operational management of the 80,000+ person Department.
Prior to Treasury, Alfred was Co-Founder and CEO of Mobilize, the events management platform and network acquired by EveryAction in 2020. Prior to founding Mobilize, Alfred was Head of Sales & People at Clara Lending and Vice President in BlackRock’s Financial Markets Advisory Group, where he worked on projects related to financial regulation, structured finance, and the European Sovereign Debt Crisis.
From 2009-2012, Alfred served in the Obama Administration as Special Assistant to the White House Chief of Staff, Senior Advisor to the Treasury Assistant Secretary for Financial Markets at the U.S. Treasury Department, and Special Assistant on the Financial Crisis Response Team. He started his career as a Regional Field Director for Barack Obama’s 2008 campaign for President.
Alfred is a Term Member of the Council on Foreign Relations; Member of the National Advisory Council for the Stanford Center on Longevity and Stanford in Washington; and Co-Chair of the Robert S. Brookings Society.
Alfred is a graduate of the Stanford Graduate School of Business and Stanford University, where he played Defensive End on the Varsity Football Team. He lives in Washington DC with his wife, Dr. Emily Watts, and their two children.
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January 31, 2024
Latitude Media Frontier Forums are live, interactive conversations and presentations that showcase frontier trends in clean energy and climate technology. This remote, virtual event features market intelligence from Crux, an in-depth conversation between Crux CEO Alfred Johnson and Latitude Media’s Stephen Lacey, and an interactive Q&A session with attendees.
Transition -AI:
New York
Transition-AI is the leading B2B event for energy practitioners and artificial intelligence experts. The conference series brings together business leaders across the energy sector who are building AI teams, integrating AI into new products, and using AI to streamline operations.
Building off its inaugural Transition-AI: Boston event, Latitude Media is joining New York Tech Week, and reconvening experts from the energy, climatetech, and artificial intelligence sectors to discuss AI’s role in the energy transition. The New York event will explore current use-cases and deployments within electric utilities, the role AI can play in streamlining project development, its impact on DER integration, and emerging applications that will continue to shape and optimize our electricity system.
Speakers
Schedule
How can we optimize grids using neural networks and machine learning? Dr. Kyri Baker, an expert who focuses on integrating large amounts of distributed generation and demand-side resources into power systems, will walk us through a few modeling scenarios. Then we will break out into small groups to brainstorm possible uses for different kinds of artificial intelligence.
A discussion of Avangrid's data science journey, with a presentation and demo of Avangrid's geospatial data science platform for reliability and resiliency modeling.
Daniel Hynum, GE Digital
Puneeth Kalavase, Fluence
As project owners looking to maximize the value of batteries and renewables in retail and wholesale power markets, we’ll explore the different AI platforms being developed to make trading more precise.
Carlos Nouel, National Grid
Sponsored session: We’re entering a new era for smart meters, powered by AI. If the benefits of an interconnected, customer-centric grid can be fully realized, utilities need to marry intelligent, AI-enabled software with utility-grade hardware to better support real-time energy analytics and provide the required protections to securely and reliably enable real-time grid control. In this session, we’ll hear from Sense and National Grid about the recent Revelo® meter rollout in New York, digging into the challenges they collectively faced in meeting the state’s reliability and security standards, and the opportunities their intelligent meters unlock for the region. They’ll also talk about the value of embedding AI and distributed computing software into meters to improve efficiency, enhance reliability and security, and support demand response.
Katie McClain, Energize Capital
Chris Streeter, Convergent Energy and Power
From rooftop solar to utility-scale renewables, companies are leveraging AI and digital tools to design, finance, and build projects in increasingly sophisticated ways.
A multimedia exploration of how AI is shifting the world of business – and how lessons in other industries can be applied to energy. The presentation will feature expert voices who will set the big-picture context for AI.
An in-depth discussion with Hanna Grene on how Microsoft is thinking about the intersection of AI and power markets.
An exclusive look at findings from the ongoing research program between Latitude Media and Indigo Advisory Group on the opportunities and markets for AI solutions in the power sector.
Sonam Kala, Urbint
Astrid Atkinson, Camus Energy
There are already dozens of use cases for AI on the grid. This discussion will map out many of the real-world applications for utility operations, maintenance, safety, resilience, and grid modernization.
Paul McDonald, Oracle Energy and Water
Apoorv Bhargava, WeaveGrid
Carlos Nouel, National Grid
From demand response to electric vehicle charging to virtual power plants, AI can be a powerful tool for empowering the customer to save money, monetize distributed energy resources, and contribute to the health of the grid. This panel will dig into the customer-side impacts of automation.
About
Who Should Attend?
Transition-AI: New York is designed for the community of leaders and practitioners responsible for innovation, strategy, technology, security, and product development within the energy and utilities sectors. Titles will include:
- C-Level Executives
- Heads of Innovation
- VC/Investors
- VPs of Strategy
- VPs of Product Planning
- Energy and Utility R&D Specialists
- IT decision makers
Transition-AI is the leading B2B event for energy practitioners and artificial intelligence experts. The conference series brings together business leaders across the energy sector who are building AI teams, integrating AI into new products, and using AI to streamline operations.
Building off its inaugural Transition-AI: Boston event, Latitude Media is joining New York Tech Week and reconvening experts from the energy, climatetech, and artificial intelligence sectors to discuss AI’s role in the energy transition. The New York event will explore current use-cases and deployments within electric utilities, the role AI can play in streamlining project development, its impact on DER integration, and emerging applications that will continue to shape and optimize our electricity system.
One of the central pillars of our transition to a net-zero economy is "electrifying everything," from energy generation, to transportation, heating and cooling, heavy industry, even the cooktops in our homes. As this electrification is underway, it's becoming increasingly clear an advanced digital layer to climatetech is essential to add the necessary intelligence to these systems and the electric grid. This intelligence will more and more be the province of AI and the rapid innovations underway in machine learning and distributed intelligence systems.
Conference themes
- Deep-dive conversations with leading AI thinkers
- Real-world uses of AI for renewables development, resource forecasting, price forecasting, financial transactions, and grid optimization
- Workshops and interactive technical discussions
- Explorations on how organizations can integrate AI and build AI teams
Our Speakers
- Raiford Smith: Chief Utility Innovation Officer, AES
- Carlos Nouel: VP of Transformation Programs, National Grid
- Hanna Grene: Global Operations and GTM Leader for Energy at Microsoft
- Mark Waclawiak: Senior Manager, Operational Performance, Avangrid
- Astrid Atkinson: CEO and Co-Founder, Camus Energy
- Daniel Hynum: Senior Product Manager, GE Digital
- Mike Phillips: CEO, Sense
- Puneeth Kalavase: VP of Data Science and Engineering, Fluence
- Paul MacDonald: Senior Director, Opower Product and Strategy, Oracle Energy & Water
- Chris Streeter: Chief Information and Risk Officer, Convergent Energy and Power
- Katie McClain: Partner and COO, Energize Capital
- Dr. Lauren Kuntz: CEO and Co-Founder, Gaiascope, Inc.
- Dr. Kyri Baker: Assistant Professor, University of Colorado Boulder
- Sherry Huang: Group Product Marketing Manager, Aurora Solar
- Apoorv Bhargava: CEO and Co-Founder, WeaveGrid
- Jae Beom Bae: Director of Platform Operations, Leap
- David Groarke: Managing Director, Indigo Advisory Group
- Sonam Kala: Senior Director, Product - Risk Operations, Urbint
Who’s attended past events
- Top utilities
- Developers
- Consultants
- VCs/investors
- Technology providers
- Educational institutions
- Professional service providers
- Non-profits
Join us in shaping the AI-driven, net-zero energy future.
This event is a part of #TechWeek - a week of events hosted by VCs and startups to celebrate the growing NY ecosystem. Learn more here: https://www.tech-week.com/
Space is limited for this conference, so register now.
For inquiries about media passes, government discounts, or sponsorship opportunities, contact us at events@transition-ai.com
Sense is making the energy transition accessible to everyone. Sense’s embedded intelligence redefines how utilities and consumers interact with homes and the grid. By partnering with meter manufacturers, Sense delivers software driven by high-resolution data that’s vital for utilities to better engage with customers, detect devices, balance load, forecast demand and identify anomalies. Our consumer-facing app makes homes smarter, empowering home dwellers to make better use of their energy, lower electricity bills, and reduce their carbon footprint. Learn more at https://sense.com.
Utilidata is bringing distributed artificial intelligence (AI) to the edge of the grid to accelerate decarbonization and better serve people. Utilidata's smart grid chip, powered by NVIDIA, is an AI-driven, software-defined platform aimed to transform the way utilities operate at the edge of the grid.
The Venue
Thursday, October 19
8:00am - 6:00pm EDT
Convene events center, at 117 West 46th Street is located off of 46th Street, between 6th & 7th Avenue
Transition AI:
Boston
Schedule
ChatGPT is a transformative product for a wide variety of creative business use cases. In this hands-on session, we'll look at some practical ways of using ChatGPT for energy companies, and brainstorm new applications and possibilities with the group. Could large language models help your company? Let’s explore how. Session leader: Paul Baier
The surge of interest in artificial intelligence is spawning new companies and use cases across the energy sector, from grid management to resilience to cybersecurity. But it’s also raising questions for startups and large energy companies about the speed of adoption, ethics, equity, and control. In this fireside chat, we’ll hear from Pamela Isom, former director of the office of AI and technology at the Department of Energy, about the possible outcomes for autonomous technologies to shape decarbonization. Guest: Pamela Isom, CEO of IsAdvice & Consulting, and former director of the Artificial Intelligence and Technology office at DOE Moderator: Stephen Lacey
Technological progress is accelerating at the grid edge – can artificial intelligence supercharge it? Panelists from across the grid edge landscape will discuss the roles AI will play in optimizing distributed resources, tying together virtual power plants, and creating new capabilities that will result in operational efficiencies for utilities and DER providers.
How is the rise of AI influencing emerging companies? And how do we sort through the hype from real value creation? In this panel, we’ll hear from investors and startups about how they're approaching the market today, and where the openings for innovation and disruption exist. Will the market be dominated by a new crop of AI-first startups, or by climate-first startups that are figuring out how best to use AI?
There are numerous compelling applications for AI in the energy system, from resource optimization to resilience. Some of these applications are being deployed today, while others require continued research and development. In this opening session, we’ll hear from Climate Change AI’s Priya Donti on how investors, startups, corporates, and governments can evaluate the usefulness of AI. We will identify specific use cases, constraints, and tools for action in implementing various forms of automation.
Discover how AI is unlocking a series of transformative use cases across the electricity sector, from balancing grids and managing demand to optimizing operations. This session will explore the emerging solution landscape, market dynamics, and real-world applications that are driving the adoption of AI in the power sector.
AI is already having an impact on the operation of the grid, from forecasting to optimization to resilience. But there are more technological leaps to come. This panel features a deep discussion with utility executives and grid edge solutions providers on how artificial intelligence will speed up decarbonization, make the electricity system more resilient, transform utility business models, and shift the role of the customer. We will look at things happening today, and applications in the near future.
For years, Google has been using machine learning to optimize data center energy use, and to better match renewable energy supply with demand. As Google raises the stakes and sources 100% of its electricity from carbon-free resources on an hourly basis, it is building more sophisticated ML tools for the job. In this fireside chat, Stephen Lacey will chat with Savannah Goodman, data and software climate solutions lead at Google, about the digital layer that is making Google’s ambitions possible. Guest: Savannah Goodman, Data and Software Climate Solutions Lead at Google.