Foss & Company Achieves Record Investment with Palmetto's $250 Million Clean Energy Initiative

Foss & Company Partners with Palmetto for Major Clean Energy Investment

In an exciting development for the renewable energy sector, Foss & Company, a recognized leader in institutional investment, has successfully finalized a $250 million agreement with Palmetto. This significant transaction focuses on combining residential solar energy systems with innovative battery energy storage technology, marking the largest investment in Foss's history for residential solar solutions.

The core of this partnership hinges on an impressive portfolio featuring residential rooftop solar systems effectively paired with state-of-the-art battery storage facilities. This strategic coupling is designed to address two critical issues in the energy sector—enhancing renewable energy production while ensuring supplemental energy availability during peak demand periods or outages. As a result, this initiative is seen as a vital component in fostering better energy resilience and supporting the transition towards a more sustainable energy future.

Bryen Alperin, Partner and Managing Director at Foss, emphasizes the importance of this portfolio by stating, "It's more than just a substantial financial agreement; it's a vital initiative destined to reinforce our nation's energy framework." He further highlights the potential impact that large-scale solar-plus-storage solutions can have in contributing significantly to the energy security landscape across the United States.

Echoing those sentiments, Chris Kemper, Founder, Chairman, and CEO of Palmetto, remarks, "Successfully executing this deal with Foss accelerates our mutual mission of transforming energy production, storage, and consumption in the U.S. By harnessing residential rooftop solar alongside battery storage, we're not merely facilitating clean energy access to more households, but are simultaneously constructing a resilient, distributed energy network that empowers homeowners and fortifies the grid."

This collaboration reflects Foss & Company's advancing leadership in the clean energy domain. With this portfolio, they are poised to leverage emerging opportunities in renewable energy, thereby contributing to a more environmentally sustainable energy landscape across the United States.

About Foss & Company

Founded in 1983, Foss & Company has emerged as a top national tax equity investor and fund sponsor. The firm has successfully deployed in excess of $9 billion towards tax equity on behalf of major clients, including insurance firms and banking institutions, focusing on projects associated with historical preservation, renewable energy, and advanced energy production facilities. As a full-service advisory entity, Foss & Company is recognized for its expertise in guiding partners through the intricate realm of tax equity investments.

To discover more about Foss & Company and explore innovative transferable tax credit opportunities, visit www.FossandCo.com.

About Palmetto

Palmetto is a noteworthy clean technology firm committed to accelerating the transition toward a renewable energy future. By utilizing a cutting-edge digital platform, Palmetto simplifies the route for homeowners looking to adopt renewable energy solutions, promotes innovation among businesses and clean technology entrepreneurs, and drives impactful environmental changes at scale.

Viable offerings from Palmetto include their Clean Energy Operating Platform, LightReach Energy Plans, Energy Intelligence, and Asset Management Platforms, catering to both B2B and B2C markets. In addition, their philanthropic initiative "Get Solar, Give Solar" aims at providing renewable energy solutions to disadvantaged communities globally, showcasing their commitment to accessible clean energy.

This partnership between Foss & Company and Palmetto not only marks a noteworthy milestone in clean energy investments but also symbolizes a robust step toward more sustainable practices in the U.S. energy sector.