CRC-IB Advises Key Capture Energy on Tax Credit Transfer for 120MW / 240MWh Battery Storage Portfolio

Key Capture Energy, a leading developer, owner and operator of battery energy storage systems in the U.S., has successfully closed its inaugural ITC tax credit transfer transaction for a 120MW / 240MWh standalone battery energy storage portfolio located in New York and Texas.

CRC-IB acted as exclusive financial advisor to Key Capture Energy on the transaction.

“It’s our privilege to support Key Capture Energy, a pioneer in battery storage, as the company pursues at-scale deployment of grid-critical systems across U.S. markets,” said Michael Tatarsky, CRC-IB Managing Director and deal lead. “2023 was a transitional year for clean energy and transferability markets.  KCE’s successful execution of its inaugural ITC deal for standalone storage is a great achievement.”

For more information on this transaction, please contact Michael Tatarsky.

For the full press release, please click here.

About Key Capture Energy

Founded in 2016 with offices in Albany, New York and Houston, Texas, Key Capture Energy is a leading developer, owner, and operator of battery energy storage systems and energy solution services across the United States, implementing market optimization software to create a more advanced and resilient electric grid. KCE has 623 megawatts (MW) of standalone energy storage projects in construction and operations and a development pipeline of over 9,000 MW of storage projects across the United States. Learn more at keycaptureenergy.com.