18 deals supported since late 2023 underscore Schneider Electric’s role in enabling businesses to capitalize on clean energy incentives
Schneider Electric, the leader in the digital transformation of energy management and automation, announced it has facilitated $1.7 billion in tax credit transfer transactions since late 2023. In total, 18 deals have been supported across diverse sectors, helping companies invest in renewable energy projects, battery storage, and other clean energy technologies.
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“Navigating the complexities of federal tax credits can be challenging, but tax credit transfers have proven to be a powerful solution for securing funding and driving progress,” said Steve Wilhite, President, Schneider Electric Sustainability Business. “By unlocking these incentives, we’re helping organizations accelerate the adoption of reliable and affordable energy, while building a more resilient energy grid in the United States.”
By unlocking these incentives, we’re helping organizations accelerate the adoption of reliable and affordable energy
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According to BloombergNEF, the new market for clean energy tax credits transfers appears to be gaining traction, making corporate energy procurement even more appealing. By providing advisory, financial, and due diligence services, Schneider Electric ensures that buyers of tax credits optimize their investments. This strategy enables more organizations to tap into federal incentives, accelerate their clean energy initiatives, and advance their sustainability goals.
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Through collaboration with a range of companies—spanning from manufacturers to large consumer product companies—Schneider Electric has streamlined the process of tax credit transfers, bridging investment gaps that often stall clean energy deployments. The company’s holistic approach to supporting companies through their decarbonization journey includes end-to-end energy procurement, data-driven strategy development, and implementation support, making it easier for businesses to integrate clean technologies and address broader energy resilience needs. Notable collaborations include engagements with Silfab Solar, Kimberly-Clark, Crux, and ENGIE, among others. These agreements reflect growing market interest in flexible financing mechanisms that directly fund renewable projects and other decarbonization initiatives.
These transactions have been facilitated by Schneider Electric’s Sustainability Business, one of the world’s largest advisors on corporate renewable energy procurement. With its 20+ years of renewable energy advisory experience, Schneider Electric is uniquely equipped to guide enterprises through the complexities of the new tax credit investment landscape.
“Tax credit transfers have rapidly become a key enabler for clean energy investment, opening new financial pathways that both established companies and first-time buyers can leverage,” said John Villali, Senior Research Director, IDC Energy Insights, “We’re seeing robust growth as these transactions can free up capital for deployment in renewables, battery storage, and other low-carbon technologies. Schneider Electric’s approach—helping customers navigate and optimize these incentives—exemplifies how the private sector can use emerging financial mechanisms to speed the global clean energy transition.”
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Source – PR Newswire