Tuesday, February 7, 2023 | Bank of America Tower | New York, NY
The Inflation Reduction Act: A Game Changer for the Energy Transition
The IRA is the most significant climate legislation in U.S. history and is projected to catalyze significant increase in investment in clean energy across the U.S. The key long-term positives of the IRA are the potential to double the pace of de-carbonization, bolster U.S. energy security, and lower costs of traditional commodities.
Bank of America is convening major energy transition stakeholders such as corporates, emerging climate technology companies, investors, and government to explore and discuss the IRA’s broad impact.
Agenda
11:00AM – 12:00PM
Registration and Networking Lunch, Bank of America Tower, 51st Floor, New York, NY
12:00PM – 12:30PM
Welcome Remarks and Opening Discussion Moderator:
Karen Fang, Global Head of Sustainable Finance, Bank of America
Opening Discussion: The Urgency in Tackling Climate Change
Sarah Kapnick, Ph.D., Chief Scientist, National Oceanic and Atmospheric Administration (“NOAA”)
12:40PM – 1:10PM
Fireside Chat: From Real Estate to Clean Energy
Jeff T. Blau, Chairman, energyRe and CEO and Partner, Related Companies
Moderator: Jim DeMare, President, Global Markets, Bank of America
1:10PM – 1:25PM
Networking and Coffee Break
1:25PM – 1:55PM
IRA 101 – What You Need to Know
The panel will discuss the key provisions of the IRA including Investment Tax Credits, Production Tax Credits, direct pay option and transferability, along with the impact that these will have on developers and capital providers.
Michael Duff, Partner, Global Project, Energy, and Infrastructure Finance Group, Milbank LLP
Moderator: Omer Farooq, Head of Sustainable Asset Finance, Bank of America
1:55PM – 2:35PM
IRA's Effect on Emerging Decarbonization Technologies
The panel will discuss IRA incentives for emerging technologies and the perspective of start-ups at the forefront of these technologies such as direct air capture, ammonia-powered fuel cells, geothermal for the home, and sustainable fuels.
Anthony Cottone, Vice President of Carbon Solutions, 1PointFive
Alex Menotti, Vice President, Corporate and Government Affairs, LanzaJet
Seonghoon Woo, Chairman, CEO and Co-Founder, Amogy
Michael Sachse, Chief Executive Officer, Dandelion Energy
Moderator: Vilas Kuchinad, Head of Innovative Structuring, Global Sustainable Finance Group, Bank of America
2:35PM – 2:50PM
Networking and Coffee Break
2:50PM – 3:30PM
Accelerating the Energy Transition
The panel will discuss and analyze the IRA’s implications on corporate energy transition plans, evolving capital allocation, and emerging strategic opportunities.
Aaron Brickman, Senior Principal, U.S. Program, Rocky Mountain Institute
Robin Boren, President, Southern Power
Simms Duncan, Senior Vice President, Structured Finance, Lightsource bp
Asit Sen, Head of Net Zero Advisory, Global Sustainable Finance Group, Bank of America
Moderator: Nick McKee, Group Head – U.S. Energy & Power Corporate Banking, Bank of America
3:30PM – 4:10PM
Investors' Perspective on the IRA
The panel will provide venture capital, private equity, and infrastructure investor viewpoints on investment opportunities that the IRA is expected to facilitate across mature renewables as well as emerging technologies such as low-carbon hydrogen, sustainable fuels, long duration energy storage, and carbon capture.
Marc Mezvinsky, Partner, TPG Rise Climate
Himanshu Saxena, Chairman and CEO, Lotus Infrastructure Partners
Joshua Dienstag, Chief Investment Officer, Carbon Direct
Alejandro Perellón, Head of the Americas, Hy24 Partners
Moderator: Karen Fang, Global Head of Sustainable Finance, Bank of America
4:10PM – 4:25PM
Networking and Coffee Break
4:25PM – 5:05PM
The Outlook on Sustainable Asset Finance
The panel will discuss the impacts of the IRA on sustainable asset finance and renewable infrastructure insurance mechanisms, including the potential effects that direct pay and tax credit transferability will have for developers and capital providers.
David Zwillinger, Co-Founder and Chief Executive Officer, DE Shaw Renewable Investments
Petra Schmidt, Managing Partner, Head of Financial Institutions Vertical, North America, Aon plc
Todd Karas, Head of Renewable Energy Finance, Bank of America
Omer Farooq, Head of Sustainable Asset Finance, Bank of America
Moderator: Ray Wood, Managing Director, Group Head, Natural Resources & Energy Transition (NET), Bank of America
5:05PM – 5:45PM
Expanding Access to Clean Power and Transportation by Leveraging the IRA
The panel will explore the IRA’s effects on consumer-driven decarbonization solutions, with a specific focus on solar generation and electric vehicles.
Jamie Hutson, Chief Investment Officer, DSD Renewables
Amira Aly, Director of Global Financial Services, Lucid Motors
Derek Heckendorn, President, Capital Markets and Strategy, Palmetto
Moderator: Fabrizio Wittenburg, Managing Director, Head of Renewables Equity Capital Markets, Bank of America
5:45PM – 6:45PM
Networking Drinks, Bank of America Tower, 51st Floor, New York, NY
