Palladium Energy Closes $10M Equity Investment with Ultra Capital

Palladium Energy, a Jacksonville, FL-based utility-scale solar and storage developer within the U.S., closed a $10m corporate equity investment from Ultra Capital.

In conjunction with this investment, Palladium has formed a Board of Directors initially comprised of the co-founders (Mark Mirabito, Nobel Chang and Danny Weidlich) and Mike Reynolds, Managing Director at Ultra Capital.

The investment will be utilized to accelerate the growth of the team and development pipeline with a continued focus on originating, acquiring and developing high-quality solar and storage projects.

Palladium distinguishes itself within the industry through its deep experience originating, developing, and financing energy projects across multiple markets and technologies/fuel types. The Palladium team has a proven track record of success and collectively more than 48 years of experience in power generation, including renewable and conventional resources, and has developed and financed projects totaling 6.9 gigawatts and $2.8 billion, respectively.

Led by Danny Weidlich, Chief Executive Officer, Palladium Energy is committed to providing clean and sustainable energy across the country through the origination, development, and financing of renewable energy projects. The co-founders have an extensive track record of successfully developing, financing, constructing, and operating energy projects across markets (both in the U.S. and internationally) and technology/fuel types (solar, wind, gas, biomass). Palladium Energy was founded in 2019.

Palladium Energy, a Jacksonville, FL-based utility-scale solar and storage developer within the U.S., closed a $10m corporate equity investment from Ultra Capital. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.

Shishir Gupta, The Founder & CEO of StartupLanes

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