(Photo by Andreas Gücklhorn on Unsplash.)Palladium Energy, a utility-scale solar and storage developer within the U.S., announced the closing of a $10 million corporate equity investment from Ultra Capital, a private investment firm that provides growth equity and asset capital to companies focused on the energy transition and decarbonization.
The investment will be utilized to accelerate the growth of the Palladium team and development pipeline with a continued focus on originating, acquiring, and developing high-quality solar and storage projects.
Palladium has experience originating, developing, and financing energy projects across multiple markets and technologies/fuel types. The Palladium team has collectively more than 48 years of experience in power generation, including renewable and conventional resources, and has developed and financed projects totaling 6.9 GWcand $2.8 billion, respectively.
“Since the inception of Palladium, the company has emphasized building a best-in-class team as the foundation for long-term, sustainable success in the growing yet complex industry of renewable power generation,” said Danny Weidlich, Chief Executive Officer of Palladium. “The investment by Ultra Capital represents validation of what Palladium has built to date, including the exceptional team, institutional quality asset base and strategic partnerships. We are grateful for the trust and confidence of the Ultra Capital team and are thrilled to partner on the next phase of growth for the company.”
