The world of clean energy is rapidly evolving, with innovative solutions being developed and implemented at an unprecedented rate. A recent $250 million deal between Foss & Company and Palmetto, a leading clean technology provider, marks a significant milestone in the journey towards a more sustainable energy future.
What is Solar Plus BESS?
Solar Plus Battery Energy Storage Systems (BESS) is a cutting-edge technology that combines residential rooftop solar systems with cutting-edge battery storage technology installations. This combination plays a pivotal role in improving energy stability and supporting the transition to a more resilient, sustainable energy future.
- Boosting renewable energy production
- Providing supplemental capacity during peak demand or outages
- Supporting energy security and stability
The benefits of Solar Plus BESS are numerous, and its impact can be felt across various aspects of the energy sector. By addressing two critical areas – boosting renewable energy production and providing supplemental capacity during peak demand or outages – this technology plays a vital role in enhancing the nation’s energy infrastructure.
The Transaction Details
The $250 million tax credit transaction between Foss & Company and Palmetto represents Foss & Company’s largest residential solar investment to-date. This significant deal highlights the company’s commitment to driving innovation and investment in clean energy solutions.
| Foss & Company | Palmetto | Transaction Amount ($M) | $250 |
| Transaction Type | Tax Credit | ||
| Transaction Date |
The deal marks a significant step in enhancing the nation’s energy infrastructure, and its impact will be felt across the country.
Key Quotes from the Parties Involved
“We’re not just investing in clean energy – we’re building a more resilient, distributed energy future that empowers homeowners and supports the grid,” said Chris Kemper, Founder, Chairman, and CEO of Palmetto. “This portfolio is more than just a major financial transaction—it’s a key initiative in strengthening our nation’s energy infrastructure,” said Bryen Alperin, partner and managing director, Foss & Company.
Palmetto’s Commitment to Clean Energy
Palmetto is an award-winning clean tech company dedicated to accelerating the transition to a clean energy future. By leveraging its cutting-edge technology platform, the company simplifies the adoption of renewable energy for homeowners, fosters innovation among businesses and clean tech entrepreneurs, and drives scalable environmental impact.
- Develops and integrates digital tools, data assets, and actionable insights to create an end-to-end solution powering its consumer marketplace
- Offers software, financial products, and support services that deliver competitive pricing and exceptional value to end consumers
- Committed to making clean energy accessible to everyone, with philanthropic initiatives to bring renewable energy to underserved communities worldwide
Palmetto’s Get Solar, Give Solar program funds philanthropic initiatives to bring renewable energy to underserved communities worldwide. This triple bottom line approach prioritizes people, planet, and profit in every aspect of its operations.
Foss & Company’s Leadership in Clean Energy
Foss & Company is a national tax equity investor and fund sponsor that has deployed over $9 billion in tax equity on behalf of insurance, banking, and other large corporate clients into historic rehabilitation projects, renewable energy and advanced energy production facilities.
- Founded in 1983, with over 30 years of experience in the clean energy sector
- Has deployed over $9 billion in tax equity in historic rehabilitation projects and renewable energy facilities
- Provides full-service advisory services to help partners navigate the world of tax equity investments
As Foss & Company continues to build on its success with this portfolio, it is well-equipped to capitalize on emerging opportunities in renewable energy, contributing to a more sustainable energy landscape across the U.S.
A Brighter Energy Future
The $250 million Solar Plus BESS portfolio represents a significant step towards a more sustainable energy future. As clean energy solutions continue to evolve and innovate, it is clear that the world of energy is on the cusp of a major transformation. Together, Foss & Company and Palmetto are paving the way for a cleaner, more resilient energy future. As the demand for clean energy continues to grow, it is essential that we invest in innovative solutions like Solar Plus BESS to drive progress and ensure a sustainable energy landscape for generations to come.
