Foss & Company Closes Pivotal Solar and Battery Energy Storage ITC Credit Transfer in Hawaii

Investment with 174 Power Global Supports Grid Stability and Renewable Growth in Oahu

OAHU, Hawaii, May 14, 2025 /PRNewswire/ -- Foss & Company, a leading institutional investment fund sponsor, is pleased to announce the successful closing of an Investment Tax Credit (ITC) Credit Transfer in Ho'Ohana, a co-located solar and battery storage project in Oahu, HI, developed by 174 Power Global. This transaction marks a significant milestone in Foss & Company's expansion into large-scale, technology-intensive renewable energy assets and reinforces its expertise in structuring tax equity financing for innovative clean energy projects.

"This transaction underscores our ability to navigate the evolving tax equity and tax credit transfer landscape while strengthening our role as a trusted partner for developers integrating solar and storage on island grids—an area with unique challenges and opportunities," said Bryen Alperin, Partner and Managing Director of Renewable Energy and Sustainable Technologies at Foss & Company. "We truly enjoyed working with 174 Power Global and were impressed by their adaptability and commitment to making this project a success. We look forward to building on this accomplishment and supporting 174 Power Global in future renewable energy initiatives."

Ho'Ohana's strategic co-located design strengthens grid stability on the island and aligns with Hawaii's push for higher renewable penetration. The battery system's robust safety profile and long-term warranties added confidence to the investment, despite the technical and regulatory hurdles of deploying energy storage in an island setting.

"At 174 Power Global, we are dedicated to developing clean energy solutions that enhance grid stability and contribute to achieving renewable energy targets. The completion of this tax credit transfer with Foss & Company highlights the value of strategic financial partnerships in driving forward innovative solar and storage projects. We greatly appreciate Foss & Company's expertise and collaborative spirit, and we look forward to continuing our partnership on future endeavors," said Joo Yoon, CEO of 174 Power Global.

By successfully closing this transaction, Foss & Company continues to solidify its role as a premier tax equity and tax credit transfer partner for large-scale, cutting-edge renewable energy projects. The firm remains committed to providing innovative financial solutions that accelerate the transition to a cleaner, more resilient energy future.

ABOUT FOSS & COMPANY
Founded in 1983, Foss & Company is a national tax equity investor and fund sponsor that has deployed over $9 billion in tax equity on behalf of insurance, banking, and other large corporate clients into historic rehabilitation projects, renewable energy and advanced energy production facilities. Foss & Company is a full-service advisor with proven expertise in helping our partners navigate the world of tax equity investments. For more information about Foss & Company and its innovative transferable tax credit opportunities, please visit www.FossandCo.com.

SOURCE Foss & Company