• Crux has secured a $500 million debt financing facility from Nuveen
• Founded in 2023 by Alfred Johnson, the company focuses on tax equity and financing solutions 
• The new capital will be used to scale investments across solar and clean infrastructure projects

New York-based Crux, the capital platform for the clean economy, has secured a $500 million debt financing facility from Nuveen’s Energy Infrastructure Credit arm.

Founded in 2023 byAlfred Johnson and Allen Kramer, Crux has built a platform that connects developers, investors, and capital markets, helping move projects from planning to execution faster. It aims to simplify and scale funding for clean energy projects, particularly in areas like tax equity and infrastructure investment.

The US company focuses on tax-driven investments, including hybrid tax equity structures that allow companies to monetise clean energy tax credits more efficiently. 

 These structures have become increasingly important as the US pushes for faster deployment of renewable energy.

In fact, hybrid tax equity now accounts for a large share of the market, reflecting how quickly financing models are evolving.

The company competes with Brookfield Asset Management and BlackRock, both of which are investing in clean energy and infrastructure projects. Unlike rivals, Crux is focusing on speed, data-driven underwriting, and flexible financing structures.

The new $500 million facility will fund Crux-led investments across a growing pipeline of clean energy projects in the US. This includes solar, infrastructure, and other energy assets that rely on tax equity financing. 

“Our multi-disciplinary team, market-leading data, and AI-powered platform give us advantages in underwriting and executing deals across a growing, diversified pipeline. With this facility, we are well-positioned to invest at the speed and volume the current moment demands,” says Alfred Johnson, co-founder and CEO of Crux. 

The company already has over $1 billion in signed term sheets and more than $9 billion in investor interest, highlighting strong market demand.