CHICAGO, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Fullmark Energy, an independent power producer focused exclusively on energy storage, today announced the Investment Tax Credit (ITC) transfer of $46 million to a buyer in the industrial sector for its operational 125MW/290MWh Redwood Projects portfolio. The transaction demonstrates the continued effectiveness of the Inflation Reduction Act in mobilizing private capital for renewable energy infrastructure.

The strategic ITC transfer provides Fullmark Energy with enhanced financial flexibility to accelerate additional energy storage development while strengthening operations across its four-project Redwood portfolio in Southern California. The transaction closed following the portfolio's commercial operations date (COD) achievement announced on November 7, 2025.

"This ITC transfer exemplifies how the Inflation Reduction Act is creating tangible pathways for infrastructure investment in American communities," said Chris McKissack, Chief Executive Officer of Fullmark Energy. "By enabling direct monetization of tax credits, we're channeling private capital into projects that deliver measurable benefits across Southern California, such as grid reliability, job creation, and community ...