Taylor: Gridstor executed an IRA tax credit transfer with J.P. Morgan
Chris Taylor · Pioneering one of the first IRA tax credit transfers · Jan 22, 2025 · at 18:36
Gridstor CEO Chris Taylor discusses monetizing federal tax credits under the Inflation Reduction Act for the Goleta Energy Storage facility.
0:00 / 0:22exact quote · 22.5s
720p mp4 · rendered on demand · StarZero watermark
“There's got a ton of lawyers involved and accountants on every side and a lot of sort of reassuring of people, but it's a pretty straightforward process, and at the end, we got that done with J.P. Morgan, which is Fantastic is they're probably the biggest player in our space in terms of tax credit monetization, and if we're going to build gigawatts of batteries every year, that means we need billions of dollars of tax credits to be flowing into the space in order for that to work.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Chris Taylor
Taylor: Gridstor Was Among First to Transfer IRA Tax Credits
“We were one of the first, if not the first project to be able to effectuate a transfer of the new tax credits that are available under the Inflation Reduction Act, which is kind of an in the weeds, wonky finance thing, but critically important to taking these …”
Robust domestic US battery supply chains won't be viable until late 2026
“So we are looking to focus our supply, de-risk our supply chain so that we have robust U.S. Supply options, but those are not likely to be viable until late 26 or early 27, realistically.”
Raising $100M-$200M only funds a single clean energy infrastructure project
“Most companies are raising a hundred million or two hundred million, which is just about enough to build one thing, and then you're out of money again.”
Financing unproven battery tech without a Tesla-level balance sheet is nearly impossible
“If we were using an unproven technology or a company that didn't have much of a balance sheet or a track record, I think that would have made this much more difficult, if not impossible.”
Double-digit storage growth triggers FOMO among traditionally cautious bank lenders
“When they see that a new sector like batteries is,
Is poised for double digit annual growth.
They don't want to see all that business go to their rivals.
They want to make sure they get on the ground floor too.
So there's kind of a chicken and egg thing where …”