Palmetto, a technology-enabled, clean-energy platform, has raised $150 million to continue spurring the adoption of clean energy and access to residential solar across the United States.
The investment was provided by TPG Rise Climate, the dedicated climate investing strategy of TPG’s global impact investing platform TPG Rise. Additional terms of the investment were not disclosed.
The announcement from Palmetto is part of the company’s push into expanding its software and technology platform, which helps individuals, small business and large corporations access and grow in the clean-energy economy. Palmetto manages the end-to-end residential solar process with a fully enabled operating platform that handles sales, design, engineering, permitting and fulfillment. The company is positioned to help its partners reduce soft costs, which often represent more than 50 percent of each residential solar project, using automated workflows, predictive algorithms, and local in