The IRA included a ton of tax credits for all manner of clean business activities: building electric vehicle infrastructure, wind power, solar power, nuclear power, clean hydrogen, advanced manufacturing of the component parts, and the list goes on.
There’s a long history of companies looking to cash in on tax credits they don’t have the income to take advantage of yet, but the process is complicated and opaque. The IRA made all of that easier by allowing climate companies to buy and sell tax credits to anyone who will buy them.
To make the newly turbocharged tax credit industry more streamlined and functional, a serial entrepreneur who did several stints at the U.S. Treasury is launching a digital marketplace for these tax credits.