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Cruxh has announced a new tax and preferred equity offering for clean energy developers and manufacturers. Through this new offering, Crux helps developers raise capital, supports investors deploying tax and preferred equity, and connects buyers with quality, vetted tax credit opportunities.
Tax and preferred equity are critical forms of project financing in which investors provide capital to renewable energy projects. In tax equity deals, investors receive a portion of the federal tax benefits and cash flows those projects generate in exchange for their investments, while in preferred equity deals, they receive a priority return on their investment, typically through fixed or preferred dividends.
While the U.S. tax equity market is estimated to be $28 billion annually, 76% of developers shared in Crux’s most recent market survey that tax equity is “not available or only somewhat available” in the market. Crux is addressing this gap with plans to deploy billions of dollars of capital annually and has already signed $300 million in tax equity term sheets across multiple deals.
The launch comes at a pivotal moment for the energy sector, as recent federal policy changes reshape clean energy finance. HR1 preserved transferability and expanded eligibility for technologies like battery storage, nuclear, advanced manufacturing and geothermal, while adjusting criteria for solar and wind eligibility. At the same time, energy demand is rising, utility rates are climbing and developers face widening gaps between the number of viable projects and the amount of capital and tax capacity available to finance them.
“The interconnected nature of clean energy project finance means that changes in one area ripple throughout the entire market,” said Alfred Johnson, CEO and co-founder of Crux. “As tax credit policies shift, project developers and investors need clarity, optionality, and execution. Crux now offers access to tax and preferred equity, debt, and transferable tax credits, all in one place. That’s good for efficiency, transparency and getting more energy projects built faster.”
The launch also addresses a growing challenge faced by corporate tax and finance teams: navigating an opaque, illiquid market. Few service providers offer access to transferable tax credits and structured investments, especially in ways that can be bundled or staged as part of broader corporate strategy. Crux provides integrated access to tax credits, loans, tax and preferred equity, authoritative market intelligence, robust software and a team with extensive experience in the market.
“When our partners come to us, they’re not just looking for one-off transactions — they’re looking for capital strategy and a long-term partner,” said Johnson. “We make that strategy more efficient and provide execution certainty across the entire stack.”
News item from Crux
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