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Palmetto Raises $375 Million To Accelerate Residential Clean Energy Independence

Feb 24, 2022•over 3 years ago

Amount Raised

$375 Million

Charleston

Description

Palmetto, a leading clean energy marketplace and technology services platform, today announced it has raised approximately $375 million to accelerate the adoption of residential solar and clean energy independence across the United States. The round was led by Social Capital, with participation from new and existing investors including ArcTern Ventures, Gaingels, Lerer Hippeau, and MacKinnon, Bennett & Co. (MKB).

Company Information

Company

Palmetto

Location

Charleston, West Virginia, United States

About

Palmetto is committed to the democratization of energy by putting power and control back in the hands of consumers and inspiring them to make environmentally responsible choices. The company has developed a clean energy marketplace, with proprietary technology designed to make it easier and more affordable for homeowners to source their energy from renewables like solar power. Palmetto is an award-winning company and most recently was awarded Sustainable Company of the year by Best Company. For more information, please visit www.palmetto.com.

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