Foss & Company Enters Microgrid Sector with ~$30 Million Tax Equity Investment in Montgomery County Transit Project

Foss & Company, an established tax credit syndicator, announced the closing of an approximately $30 million Section 48 tax equity investment, a state-of-the-art microgrid system located in Montgomery County, MD. The transaction marks Foss & Company's first partnership with AlphaStruxure and represents the firm's entry into the microgrid sector.
This project will finance an advanced energy system integrating solar photovoltaic (PV) generation with battery energy storage, purpose-built to power a transit facility and support an electric bus fleet. It is expected to achieve commercial operations in August 2026 and is projected to generate more than 6,000 megawatt-hours (MWh) of clean energy annually, enough to meaningfully reduce the facility's reliance on the traditional grid while lowering its carbon footprint.

"We are thrilled to close this investment alongside AlphaStruxure and to expand Foss & Company's portfolio into microgrid technology," said Bryen Alperin, partner and managing director, Foss & Company. "Project Orchid exemplifies the kind of innovative, high-impact clean energy infrastructure we seek to support, delivering resilient, sustainable power to critical public transit operations while aiming to generate strong returns for our investors."

AlphaStruxure, a leading developer of microgrid solutions, brings deep expertise in designing and delivering integrated energy systems for complex facilities. This inaugural transaction establishes a strong foundation for a continued partnership between AlphaStruxure and Foss & Company.

"We're excited to close this transaction with Foss & Company," said Troy Patton, general manager, AlphaStruxure. " We look forward to delivering a best-in-class microgrid solution that will serve Montgomery County's transit operations for decades to come."
The Section 48 Investment Tax Credit (ITC) supports the deployment of clean energy technologies including solar and energy storage, providing a critical financing mechanism for projects like this that advance the decarbonization of public infrastructure.

Foss & Company | www.fossandco.com

AlphaStruxure | https://alphastruxure.com/