Business
Reunion Expands Role in Clean Energy Tax Credit Market, Purchasing Credits from Shiseido Americas and Harbinger Motors
Reunion, the leading platform for clean energy tax credits and compliance, today announced the successful purchase of Section 48 investment tax credits (ITCs) from Shiseido Americas Corporation (SAC), the U.S.-based subsidiary of Shiseido Company Limited, a multinational beauty and cosmetic company, and Section 45X advanced manufacturing production credits (AMPCs) from Harbinger Motors (Harbinger), a leading U.S.-based medium-duty electric and hybrid vehicle manufacturer.
About this update from Shiseido Company,limited
[{"type":"text","content":"Leading Facilitator of Transferable Tax Credits Joins the Ranks of Tax Credit Buyers","length":84,"tagName":"p","attribs":{}},{"type":"text","content":"SAN FRANCISCO, Oct. 21, 2025 /PRNewswire/ -- Reunion, the leading platform for clean energy tax credits and compliance, today announced the successful purchase of Section 48 investment tax credits (ITCs) from Shiseido Americas Corporation (SAC), the U.S.-based subsidiary of Shiseido Company Limited, a multinational beauty and cosmetic company, and Section 45X advanced manufacturing production credits (AMPCs) from Harbinger Motors (Harbinger), a leading U.S.-based medium-duty electric and hybrid vehicle manufacturer.","length":521,"tagName":"p"},{"type":"image","alt":"Reunion logo - a clean energy tax credit marketplace (PRNewsfoto/Reunion)","displaySize":"","headline":null,"caption":"Reunion logo - a clean energy tax credit marketplace (PRNewsfoto/Reunion)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":115,"url":"https://media.zenfs.com/en/prnewswire.com/a245ca04365c9d7c3d2981b85931c20c"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/Bs_yPPE2PpSwEbE2.V0ViQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTIwMztjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/a245ca04365c9d7c3d2981b85931c20c","width":400,"height":115}},"href":"https://mma.prnewswire.com/media/2161805/Reunion_Infrastructure_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"The credits will offset Reunion's federal tax liability — a milestone that highlights both the company's financial growth and its confidence in the maturing transferable credit market. The following projects generated the tax credits:","length":242,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Shiseido Americas Corporation: Section 48 ITCs were generated from the company's rooftop solar project located at its manufacturing facility in East Windsor, New Jersey.","length":178,"tagName":"p"}]},{"val":[{"type":"text","content":"Harbinger: Section 45X AMPCs were generated from the production of battery modules at Harbinger's manufacturing facility in Garden Grove, California. The modules were incorporated into the company's electric vehicle chassis, which were sold in 2024. This transaction represents Harbinger's first transaction selling ...