Crux
Crux revolutionizes the renewable finance landscape by serving as a cutting-edge platform and marketplace. By seamlessly facilitating the exchange of renewable energy tax credits between investors and developers, it optimizes the growth potential of clean energy projects.
HQ: Washington, DC
Founded: 2022
Market Opportunity
The burgeoning market for renewable energy tax credits is undergoing rapid expansion, with potential growth from $20 billion to a staggering $100 billion in the near future. This growth reflects the immense potential in the climate tech sector, and the recently implemented Inflation Reduction Act (IRA) is set to catalyze this further. The IRA allows for direct credit transfers, broadening eligibility for new project types and unlocking billions more in credits. By simplifying transactions and making smaller renewable energy projects economically viable, the IRA is expected to draw more investors, propelling the market to new heights.
Founding Team
The accomplished founders, CEO Alfred Johnson and Co-founder Allen Kramer, bring an abundance of experience and a history of success to the table. Their prior collaboration in creating Mobilize and its subsequent sale to EveryAction, an Insight Partners portfolio company, showcases their remarkable capacity for launching and scaling ventures.
Climate Impact
Crux is primed to tackle climate change by accelerating the financing of renewable energy projects, driving the shift towards a sustainable energy system. As the renewable energy tax credit market flourishes, we believe the company will dramatically reshape the renewable finance sector, leaving an indelible, positive impact on the planet.
