Introduction: Overview of Battery Energy Storage Systems (BESS) - Battery Energy Storage Systems (BESS) development has been looming in the United States energy markets for several years. Now, as capacity has begun...more
What is “monetization”? Monetization is the process by which property is converted into money or something else of value. In the context of the Inflation Reduction Act of 2022 (IRA), certain provisions can allow entities that...more
In this presentation, we will discuss substantive updates and guidance released on IRA credits and monetization and provide a market update....more
On June 14, 2023, the Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) released a package of much-awaited guidance (the Guidance) consisting of (i) proposed regulations addressing the tax credit...more
Key Takeaways: ..Recently enacted direct pay and transfer provisions apply to certain clean energy tax credits. These provisions will have a significant impact on how taxpayers can monetize these tax credits and, in...more