Evergrow
The company specializes in converting tax credits into cash for smaller clean energy projects, offering technology, expertise, and capital to facilitate tax credit financing across the United States.
Services
Evergrow specializes in helping smaller clean energy projects convert tax credits into cash. The company offers tax credit financing for developers and owners of clean energy projects across the United States. Evergrow covers due diligence costs and handles most closing costs in-house, offering a firm, bankable commitment to monetize tax credits. They focus on the monetization of renewable energy tax credits under the Inflation Reduction Act's transfer provisions without making equity investments or providing loans.
Products
Evergrow provides a dedicated software platform designed to streamline the process of monetizing tax credits. This platform, coupled with standardized transfer agreements, simplifies transactions for developers and owners of clean energy projects. Their technology works effectively for projects of any size, including those typically considered too small to finance.
Sector
Evergrow operates in the clean energy and renewable resources sector. The company supports projects related to solar energy, energy storage, renewable natural gas, and electric vehicle (EV) charging developments across the United States. They focus on monetizing tax credits and advising the U.S. government on creating a secondary market for clean energy tax credits.
History
Evergrow has completed over $2 billion in tax equity transactions over its years of operation. The company has combined expertise in renewable energy, tax equity, technology, and finance. They have over 16 years of experience in renewable energy and tax equity and more than 30 years of experience in technology and finance. In addition, Evergrow announced the first funding of a clean energy tax credit transfer following the passing of the Inflation Reduction Act.
Founders
Evergrow blends capital, technology, and longstanding expertise in renewable energy and finance. The founders collectively bring over 16 years in renewable energy and tax equity, along with over 30 years in technology and finance, positioning them as knowledgeable leaders in the clean energy sector.