The Inflation Reduction Act: A Game Changer for the Energy Transition

Tuesday, February 7, 2023 | Bank of America Tower | New York, NY


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.


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