P10 partners with HPS and Enhanced Capital to boost energy transition funding
- P10, Inc. announced a partnership to provide capital for renewable energy and battery storage projects in the U.S.
- The partnership aims to simplify monetization of tax credits and improve access to capital following the Inflation Reduction Act.
- This collaboration is expected to enhance financing options for energy transition projects nationwide.
On November 25, 2024, in Dallas, P10, Inc. revealed a new collaborative initiative involving HPS Investment Partners and Enhanced Capital. This partnership aims to provide structured capital solutions for renewable energy and battery energy storage projects across the United States. The move is influenced by the provisions in the Inflation Reduction Act of 2022, which sought to enhance capital access for renewable energy initiatives. Through this partnership, both entities plan to simplify the monetization of renewable energy tax credits, eliminating the need for complex tax equity structures. This development is expected to significantly aid developers in financing essential energy transition projects nationwide, aligning with broader goals to support decarbonization efforts.