Energy Finance Deals
Crux Raised $500M from Nuveen Energy to Expand Its Clean Energy Projects
Adam Harrie — May 15, 2026
Crux received a $500 million debt facility from Nuveen Energy Infrastructure Credit to expand its role as a general partner in clean energy and manufacturing finance. The clean energy tax credit financing platform connects developers with financial institutions and corporate buyers to transfer and sell tax credits as part of project financing. It has executed billions of dollars in transactions since launching in 2023.
The facility will fund Crux’s expansion into debt, preferred equity and tax equity financing, beyond its core tax-credit transfer business.
Because the clean energy sector requires more capital than public funding alone can provide, Crux shows how building a dedicated marketplace for tax credit transfers can unlock a new layer of project finance, making more clean energy and manufacturing projects financially viable at scale.
