Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 335

Energy Impact Partners Invests Big in Palmetto Clean Technology

Posted by fidest press agency su martedì, 19 febbraio 2019

Energy Impact Partners (EIP), the leading utility-backed energy investment and innovation firm, today announced that it has provided up to $20 million in financing facilities to Palmetto Clean Technology, a platform technology & fulfillment company focused on the distribution and democratization of clean energy products.This announcement comes on the heels of Palmetto’s last capital raise in the fall, of $6 million. The round was led by Greycroft, with participation from Lerer Hippeau, Box Group, and NBA commissioner emeritus David Stern.“We continue to see opportunities in both the direct-to-consumer and cleantech sector. Palmetto offers a similar business-to-business-to-consumer platform that provides homeowners a seamless way to go solar and save money while doing so,” said Alan Patricof, Founder of Greycroft.“For the everyday consumer to focus on the renewable energy initiative is at an all-time high right now,” said former NBA Commissioner, David Stern.
EIP invested in Palmetto via their Energy Impact Credit Fund (EICF), the company’s credit platform. The financing will be used to expand Palmetto’s North American presence, increase staffing and develop programs to drive sales.

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