Palmetto

20 second recap on a few HackSummit highlights Yesterday deep networking and inspiring talks rippled across Newlab as the Climate Deep Tech came together. And now we're heading back for Day 2. We look forward to more powerful discussions and deep networking between changemakers, decisionmakers and scalemakers throughout the day. Hack ON With Ofek Ron Oshi Dennis Nobelius Syre Erin Culley Palmetto Max Hoffmann Etan Bendheim Steven Finn Siddhi Capital Edward Shenderovich Synonym Kevin O'Shaughnessy, Yonatan Golan, Brevel Magi Richani Alpine Bio Dan Altschuler Unovis Asset Management Aris Maroonian Neology Hydrogen Troels Prahl Swan Neck Bio™ Shannon Hall Pow.Bio Daniel Skavén Ruben Shayna Harris Supply Change Capital Luba Safran Michal Beressi Golomb Celleste Bio Laura Shulman Plantega

Simplifying Clean Energy Adoption and Empowering Homeowners 🏡⚡️ Global energy systems are in flux. The entire world is going through a decarbonization phase. Energy costs are surging, and homeowners are searching for solutions. While demand for clean energy and whole-home electrification is steadily growing, there still exist some high barriers to adoption, namely around complexity and cost. Enter Palmetto, a technology company on a mission to break down these barriers and supercharge the adoption of renewables. “We want consumers to feel empowered and excited about their energy use, and we want to be that partner for them in every step of that journey --- from data-driven insights about their home energy use, to clean energy products and services recommendations that would make the biggest impact for their unique household profile, to connecting with them to these products and services for purchase, financing, and ongoing operations insights,” explains Chris Kemper, Chairman, Founder and CEO of Palmetto. Ahead of joining the HackSummit in New York this week, we caught up with Chris to hear how the company is outpacing a competitive ClimateTech market and its plans to help homeowners think differently about energy ownership. Get the backstory in this short interview: https://lnkd.in/ePZhmrvX Next up: Chris joins Neil Chatterjee of Federal Energy Regulatory Commission for an intimate fireside chat at the HackSummit on how Palmetto’s technology is making it easier and more affordable for homeowners to source clean energy and make other energy-efficient home upgrades. Plus come and see Palmetto’s new Energy Intelligence AP in a technology demo and learn how it's designed to empower developers advancing the electrification transition.

This week, MKB wrapped up another insightful Annual General Meeting. We extend our heartfelt thanks to our investors, portfolio companies, and ecosystem friends who made this event possible. Special appreciation goes to economist Priscilla Thiagamoorthy, our expert panelists Barbara Burger, Christopher Burghardt, Katherine Hamilton, Martin Bouchard, and Jeff Turner for their illuminating discussions on energy load dynamics, and Palmetto’s CEO Christopher Kemper, for his inspiring contribution to our Founder Series. A big thank you to our sponsor, Davies Ward Phillips & Vineberg LLP, for their ongoing support and enduring partnership. Key Takeaways: 🔌 Rising Power Demand: Power demand is on the rise, driven by the rapid growth of data centers, EV charging, and industrial electrification. As data center operators prioritize speed, scale, and sustainability (in this order), it’s crucial to avoid locking ourselves into new fossil fuel infrastructure for power generation. ⚡ Decentralized Solutions Needed: Centralized power generation and grid expansion won't suffice to meet this demand due to their high costs and long lead times. Instead, we need demand-side flexibility and distributed energy solutions such as energy storage, clean baseload power technologies, and power optimization across the value chain. 🏢 Role of Data Centers:Data centers can play a vital role by acting as flexible loads and storage systems. In colder regions like Quebec, energy demand behaves differently, requiring less cooling during peak times. This opens the possibility for data centers to store excess energy in batteries, or recovering and exporting heat. 🌍 Innovative Approaches: Embracing innovative approaches will be essential for developing a cleaner, more reliable grid. MKB advisor @ Chris is working on bold solutions, such as Xlinks which aims to build distributed energy resources in resource-rich areas and transmitting electricity via undersea cables. 🚀 Leadership Lessons: During our Founder Series, Palmetto CEO Chris Kemper captivated us with Palmetto’s remarkable achievements and emphasized the essential mindset shift needed when evolving from an early-stage founder to a CEO. #EnergyInnovation #PowerDemand #DecentralizedEnergy #DataCenters #SustainableFuture #Leadership #GridOptimization Photos by Jimmy Hamelin