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Palladium Energy Secures $10 Million Investment from Ultra Capital to Expand Solar and Storage Development Efforts

US utility-scale solar and storage developer Palladium Energy has secured $10 million from energy transition and decarbonisation-focused investment firm Ultra Capital to expand its team and development pipeline. The equity investment will give Ultra Capital a seat on Palladium’s board. Palladium, established in 2019, aims to originate, acquire and develop projects across the US. The company also counts among its backers, Treehouse Development Finance LLC, which will provide a capital commitment to support Palladium in originating, acquiring and developing around 500 MW of utility-Scale solar and solar-plus-storage projects across America in mid-2021.

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