Press Releases

The Latest Palmetto Press Releases

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Recent News
Palmetto Elevates Chief Technology Officer Jared Wray to Co-FounderMar 25, 2021Palmetto Expands Clean Energy Marketplace to Serve Colorado MarketMar 23, 2021Palmetto Expands Clean Energy Marketplace to ArizonaMar 18, 2021View all press releases

In the news | 06.02.20 | Brian Eckhouse

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This Won’t Be U.S. Solar’s Best Year Ever—But It’ll Be Close

Palmetto has seen strong growth during the pandemic, says CEO Chris Kemper. Its customer base surged 40% from January to April. One thing that’s helped: Palmetto shifted to a gig economy model well before the crisis, Kemper says. Early on the company’s “members,” as they’re known, primarily had sales experience within the solar industry. In March, Palmetto began marketing itself to new recruits.

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In the news | 08.03.20 | Anthony Robledo

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Palmetto Solar Raises $29 Million to Expand to Every U.S. State

Palmetto Solar LLC raised $29 million to expand to every U.S. state and help transition itself from a solar platform to an energy management and utility platform...As Palmetto transitions into operating under an energy management model, they plan to focus on establishing consumer trust early on and developing strong brand awareness.

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In the news | 08.05.20 | Eric Wesoff

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Palmetto lands $29 million for residential solar sales software and home energy spend

Palmetto, a Charleston, S.C.-based software company focused on home energy spend, landed $29 million in Series B funding from investors including Evergy Ventures, Arctern Ventures, Shell Ventures, Greycroft, Lerer Hippeau, Box Group, Falkon Ventures and the Leto Family Office. Greycroft led Palmetto’s Series A round in 2018. Palmetto is a software and fulfillment platform focused on helping consumers understand their energy finances. The startup pairs homeowners with solar power and energy storage providers and looks to improve the ease of financing and installation.

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In the news | 08.05.20 | Mary Katherine Wildeman

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Charleston Solar-Tech Business Raises $29M to Fuel Future Growth

Backers include Greycroft Partners, which was part of previous round of funding in 2018. Will Szczerbiak, a principal with the New York-based firm, said in a statement that Palmetto has “the best platform to bring renewable energy products and services to market. 'The potential for rooftop solar and the electrification of homes in the U.S. is huge and the competitive landscape is fairly fragmented with just a few dominant players,' said Robert Linck, chief investment officer at Shell Ventures.

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In the news | 08.05.20 | David Dykes

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Charleston Firm Continues To Innovate To Address Climate Change

Charleston-based Palmetto, a software, energy-focused company, said it has completed a $29 million Series B raise with investors from a range of sectors including energy, financial technology and software.

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In the news | 09.25.19 | Natalie Parletta

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A New Partnership Pursues Democratic Renewable Energy

Solar Sisters are doing it for themselves – and now with a little help from their friends. Pursuing a joint vision to make renewable energy technology affordable and accessible, US company Palmetto has partnered with them to expand the delivery of clean energy to homes across Africa.

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In the news | 02.15.19 | Billy Ludt

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Energy Impact Partners invests $20 million in Palmetto Clean Technology

Energy Impact Partners (EIP), a utility-backed energy investment firm, announced that it has provided up to $20 million in financing facilities to Palmetto Clean Technology, a solar and platform technology and fulfillment company focused on the distribution and democratization of clean energy products.

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In the news | 02.15.19 | Jonathan Shieber

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Palmetto gets $20 million credit line for its solar and energy efficiency installation marketplace

For homeowners that want to go green, but have trouble figuring out how to do it, Palmetto Clean Technologies has the answer. The company has an army of salespeople to pitch the benefits of solar power and energy efficiency, and will connect would-be clean energy consumers with financing options, installers, and software to monitor and manage their equipment.

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We are entering a New Utility Revolution.

Americans have always been innovative. In the 1800s, the advent of the electricity grid was a groundbreaking innovation, transitioning the world away from lanterns powered by whale blubber to entire buildings powered by coal and oil. But now we’ve discovered how to power electricity from free, infinite sources like sunshine and wind -- not shipped overseas from our military enemies, but renewable right here in our own backyards. The Old Utility guard wants to protect the massive investment they’ve already made in their infrastructure… Unfortunately, that mindset is costing the rest of us everything. Make no mistake about it, climate change costs us billions today and will cost us trillions tomorrow. There is always a time for innovation - and that time is now.

View Full Statement by Chris Kemper, CEO

OUR MISSION: Leading the world toward a clean energy future.

Our Economic Mission is to manage our company for sustainable financial growth, benefit local partners and communities, and make clean energy as affordable as fossil fuels.

Our Social Mission is to develop innovative tools to make the world and environment a better place by driving adoption of clean energy.

Our Product Mission is to make technological innovations to drive down clean energy costs and pass the savings on to our customers.

Learn more