Wrapping Up 2024: Foss & Company’s Year in Reflection

Wrapping Up 2024: Foss & Company’s Year in Reflection

As we reflect on 2024, it’s the perfect time to celebrate the journey we’ve shared—a year of growth, challenges, and achievements.  From launching new initiatives to celebrating team successes, we’ve accomplished so much together. Let’s take a moment to look back at the highlights that made 2024 truly remarkable.

 

Celebrating Success: Key Milestones of 2024

 Last year, our commitment to excellence drove us to explore new opportunities, deepen our expertise and build stronger partnerships. We’ve made strides in pioneering innovative solutions in transferable tax credits, advancing clean energy initiatives, and fostering community revitalization through historic preservation. By delivering forward-thinking strategies, we’ve empowered developers and investors to unlock the full potential of tax credits and create lasting value.

Among our notable achievements:

  • Project Viper (Queens, NY): Our first Distributed Generation (DG) battery project, featuring a 4.32 MW / 17.28 MWh standalone storage facility.
  • Project Michigan (Middleton, MI): Marking our entry into the renewable natural gas (RNG) sector, this biogas facility at a dairy farm includes a cutting-edge anaerobic digester.
  • Judson Mill (Greenville, SC): A historic preservation project that was completed in multiple phases, with Phases 1 through 3 being finished between 2019 and 2024. Now, Phase 4—the final phase—will add 180 market-rate apartments, building upon the success of the apartments developed in Phase 1.
  • Anemoi Energy Storage (Edinburg, TX) Not only is our third investment in a utility scale battery energy storage system project, but our first investment utilizing a t-flip structure. This closing features a standalone 200 MW / 400 MWh battery energy storage system.

We also expanded our thought leadership efforts with the release of five key resources:

At Foss & Company, we are proud to have played a role in a wide range of impactful projects that have positively affected communities across the country.  Here’s a snapshot of what we accomplished in 2024:

  • Solar: Closed on 40 solar projects, equaling a capacity of 260,496kWdc.
  • Battery Energy Storage: Closed on three battery energy storage system projects, equaling a capacity of 256,320kWdc.
  • RNG: Closed on three renewable natural gas projects, equaling a capacity of 28,434 standard cubic feet per minute.
  • Housing Units: Closed on projects that included 1,793 housing units in 2024, encompassing both affordable and market-rate housing.
  • Commercial/Retail Space: Closed on projects that include 737,480 square feet of retail and commercial space.

With over 40 years of expertise, Foss & Company remains committed to driving meaningful change, supporting investments that make a difference, and building a future where both our partners and communities thrive.

Welcoming New Talent: Our Latest Team Members

Great teams drive great results, and in 2024, we welcomed 12 talented new hires to the Foss & Company family. These individuals bring exceptional knowledge, passion, and fresh perspectives to our mission. Together, we’re advancing sustainable investments, climate solutions, and historic preservation projects. Their contributions will be instrumental as we continue to lead the way in creating impactful, innovative solutions.

The Road Ahead: What’s in Store for 2025

As we look toward 2025, Foss & Company is poised for an exciting new chapter of growth and innovation. Building on our 40+ years of expertise in sustainable investment and historic preservation, we are focused on expanding our impact through strategic partnerships, cutting-edge projects and a continued commitment to renewable energy and sustainability. Our focus will remain on advancing clean energy technologies and supporting the transition to a low-carbon economy. We are exploring new opportunities in transferable tax credits and renewable energy, all while fostering strong relationships with communities across the country.

Additionally, we are committed to helping our partners navigate the evolving political and market landscape. By staying informed on regulatory changes and trends, we provide proactive insights and tailored strategies to ensure our partners remain resilient and compliant, mitigating risks and seizing emerging opportunities.

With a dedicated team and a clear vision for the future, we are ready to take bold steps forward in creating a more sustainable and resilient world for generations to come. The road ahead is full of promise, and we’re excited to continue leading the way in making meaningful, lasting change.