For Capital Partners | Concord Energy

The Opportunity

Commercial storage kept its federal tax credit. Most of clean energy didn't.

Standalone battery storage under Section 48E has remained fully intact through recent federal policy changes, even as other clean-energy incentives have been reduced. That durability, combined with real market growth, is what makes behind-the-meter storage a distinct opportunity right now.

Policy durability

The 30% investment tax credit for storage, plus bonus adders for domestic content and project siting, has stayed in place even as the residential solar credit sunset at the end of 2025 — a meaningful signal about how storage is being treated relative to the rest of the sector.

Market momentum

U.S. battery storage installations set a Q1 2026 record at 3.3 gigawatts, up 54% year over year, with commercial and industrial deployments specifically projected to grow another 26% through 2031.

The gap we fill

The tax benefit is large relative to what a typical property owner can use directly, and the origination work — finding sites with real demand-charge exposure, diligencing the load data, structuring the host agreement — is specialized enough that most capital doesn't do it in-house.

Our Approach

We underwrite before we bring you a site.

Every property we bring forward has been screened against the same criteria before it reaches a capital partner's desk.

What we require before a site moves forward

Twelve or more months of interval and billing data, reviewed against the property's actual tariff — not an estimate

A peak demand large enough that the fixed costs of a project don't erode the economics

A load profile with genuine spread between average and peak — the specific shape that makes shaving worthwhile

A property owner willing to sign a long-term site agreement, diligenced and ready to execute

Sites that don't clear this bar get told no, not pitched anyway. We'd rather bring fewer, better projects than force volume.

Storage kept its federal credit. Most of clean energy didn't.

The residential solar credit sunset at the end of 2025. Standalone storage under Section 48E held at 30%, with adders for domestic content and siting — a meaningful signal about how the asset class is being treated relative to the rest of the sector.

Where We Sit

Origination and development. The asset is yours.

Site identification and load-data diligence

Host agreement negotiation and structuring

Utility interconnection and permitting

Ongoing relationship management with the property owner

Concord Energy does not provide tax, legal, or investment advice, and nothing on this page is an offer to sell a security. This page describes our development process, not the terms of any specific opportunity.