Funding and M&A Roundup: Clean Energy Marketplace Palmetto Raises $375 Million

Energy Infrastructure Partners to acquire 30% stake in Boralex’s French renewable pipeline

February 27, 2022

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Palmetto, a clean energy marketplace and a provider of solar energy consumption analytics software solutions for residential solar, has raised $375 million to accelerate the adoption of residential solar and clean energy independence across the U.S. The round was led by Social Capital, with participation from new and existing investors including ArcTern Ventures, Gaingels, Lerer Hippeau, and MacKinnon, Bennett & Co.

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