Monday, January 23 at 12:00pm to 1:30pmVirtual Event
Register today for the first installment of the semester of Energy Systems Engineering Spring 2023 Seminar Series: The Janak Raj Lectures.
This seminar is available only online via Zoom.
Presented by: Micah Sussman, PhD, Vice President of Development, Fellowship Energy
TIME: 12:00 PM Eastern Time
LOCATION - ZOOM MEETING link to be sent prior to the seminar date
CONTACT US: firstname.lastname@example.org
ABSTRACT: Renewable energy development received an incredible boon with the passage of the Inflation Reduction Act (IRA). The IRA revitalized the tax credits that have been the backbone of renewable energy development for years, as well as created new tax credits for storage technology and clean fuels.
Moreover, the IRA created adders to the tax credits that incentivize development in regions of the country that were previously difficult to develop. Finally, the IRA provided direct payment and transferability provisions that open ownership to entities that traditionally could not access it immediately. As with any major change in law, the most efficient ways to finance renewable energy projects is shifting as well. While traditional third-party ownership mechanisms will still be used, new financing mechanisms are available that reduce the need for large banks to receive the majority of the tax benefits associated with these systems.
BIO: Micah Sussman, PhD is Vice President of Development for Fellowship Energy, a renewable energy development company with a focus on deploying distributed solar, storage, energy efficiency, and electric vehicle charging infrastructure. Micah is an alumnus of the first graduating class of the Energy Systems Engineering (ESE) program at Lehigh. Lehigh ESE kicked off Micah’s career in the renewables industry. After his Master’s, Micah worked as a research scientist in pursuit of a PhD focused on energy storage devices. After receiving his PhD, Micah became a management consultant for a boutique firm focused on renewable energy where he became a subject matter expert on tax investment, renewable project finance, and development.
Since then, he has developed, financed, and managed renewable energy assets across the country. Micah now leads development for Fellowship Energy and their partners, providing insights on project finance, structuring, development strategy, and customer acquisition.