Schneider Electric & Kimberly-Clark Announce Tax Credit Transfer Agreements To Advance Grid Resiliency
Portfolio Pulse from Benzinga Newsdesk
Schneider Electric and Kimberly-Clark have announced new Tax Credit Transfer (TCT) agreements to support grid resiliency and clean energy transition in the U.S. These agreements, facilitated by Schneider Electric, involve funding for four battery energy storage projects by Kimberly-Clark, leveraging the Inflation Reduction Act's tax credit transferability. The projects aim to advance renewable energy storage and generation, particularly in Texas.
September 23, 2024 | 12:14 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kimberly-Clark is investing in four new battery energy storage projects through Tax Credit Transfer agreements, facilitated by Schneider Electric. This move supports their decarbonization goals and the U.S. clean energy transition.
Kimberly-Clark's investment in battery energy storage projects aligns with its decarbonization goals and supports the U.S. clean energy transition. This strategic move is likely to enhance its sustainability profile and investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90