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Today’s Highlights:
🔝Top Story: Palmetto Secures $1.2 Billion to Scale LightReach Solar Energy Plans Across U.S.
💲Investment: Amazon invests $1B in electric transport, Aegis Energy raises £100M for clean hubs, Ecoplanet secures €16M for energy software, and Daphne Technology gets $6M for methane abatement.
🔬 Innovation: Harvard SEAS researchers advance safer, water-based carbon capture with quinones, revealing new electrochemical CO2 trapping mechanisms in Nature Chemical Engineering.
🔄 Integration: DPIIT and ITC support Indian startups in sustainability, while South Korea offers 200M won for SME carbon neutrality projects.
💡 Intelligence: WEF Reports Insights on Accelerating the Global Energy Transition.
Palmetto Secures $1.2 Billion to Scale LightReach Solar Energy Plans Across U.S.
Image Credit: Palmetto
Expanding Clean Energy Access with LightReach
Palmetto has raised $1.2 billion to expand its LightReach program, which offers homeowners $0 upfront rooftop solar and storage systems with lifetime maintenance and immediate savings on energy costs. LightReach energy plans eliminate dealer fees and interest charges, providing cost-effective solutions to over 20,000 households across 30 states. This funding will accelerate the rollout of these plans in 2024-2025, making solar energy more accessible and affordable through Palmetto’s partnerships with 600+ providers.
AI-Driven Energy Solutions and Consumer Focus
Palmetto leverages its proprietary AI platform to personalize energy recommendations and streamline the transition to renewable energy. The platform integrates products like solar panels, batteries, and EV chargers with flexible financing options. Founder Chris Kemper emphasized Palmetto’s $200 million investment in scaling its operating systems, positioning LightReach as a tech-driven solution to consumer pain points in clean energy adoption.
Addressing Rising Energy Costs and Equity
Amid a 30% rise in energy prices over four years, LightReach addresses affordability for households, especially as energy demands from AI data centers are projected to increase further. Palmetto also supports underserved communities through its Get Solar, Give Solar initiative, underscoring its commitment to democratizing clean energy while reducing emissions and advancing the global renewable energy transition. Read More
Investment Highlights of the Day
- Amazon is investing $1 billion to electrify its European transport network, including 200+ electric trucks, to meet its 2040 net-zero goal. Read More
- Aegis Energy secured £100M from Quinbrook Infrastructure Partners to build five clean energy hubs for commercial vehicle decarbonisation, aiming to expand to 30 hubs by 2030. Read More
- Ecoplanet secured €16M to expand its AI-powered energy management software, helping businesses cut costs amid soaring energy volatility. Read More
- Daphne Technology and Williams secured nearly $6M from the DOE to scale plasma-catalytic methane abatement technology, deploying it on natural gas engines in U.S. operations. Read More
Innovation Highlights of the Day
Harvard SEAS researchers have advanced safer, water-based carbon capture using quinones, with new insights into their dual electrochemical mechanisms for trapping CO2, detailed in Nature Chemical Engineering.
Integration Highlights of the Day
- DPIIT partnered with ITC to support Indian manufacturing startups, focusing on digital solutions, renewable energy, and sustainability to drive innovation and growth. Read More
- South Korea’s ministries launched a carbon neutrality support project for SMEs, offering up to 200 million won for commercialization and verification of climate tech innovations. Read More
Climate Insider Intelligence: WEF Reports Insights on Accelerating the Global Energy Transition
The race to achieve a 1.5°C-aligned energy future is accelerating, but with a $3 trillion investment gap to close by 2030, the pressure is mounting. This article explores the economic rationale behind the energy transition, examining job creation, public health benefits, and the scaling of cutting-edge technologies like sustainable aviation fuels, carbon capture, and clean hydrogen. Discover how businesses and governments can collaborate to bridge investment gaps, drive innovation, and unlock long-term strategic opportunities in the push for a sustainable energy system. Read More
