Palmetto Adds Former DOE Loan Office Chief Jigar Shah as Strategic Advisor to Steer Next Growth Phase

New updates have been reported about Palmetto.

Palmetto has appointed Jigar Shah, former director of the U.S. Department of Energy’s Loan Programs Office and co-founder of Generate Capital, as a strategic advisor, signaling an escalation of its ambitions in consumer-focused clean energy finance. Shah will sit on Palmetto’s advisory board and advise on long‑term strategy, capital allocation, and market expansion as the company scales its digital marketplace for residential solar, storage, HVAC, backup power, and other energy‑efficient home solutions. Management positions his appointment as a key step in shaping the company’s next phase of growth and capital deployment, with a focus on lowering customer acquisition and financing frictions for households seeking to cut energy bills and adopt clean technologies. CEO and founder Chris Kemper emphasized Shah’s track record in turning emerging clean energy technologies into profitable, scalable infrastructure plays and his experience aligning capital markets with consumer savings.

For Palmetto, Shah brings more than two decades of infrastructure finance experience, including co‑founding Generate Capital, which has deployed over $7 billion into sustainable infrastructure, and serving as founding CEO of SunEdison, where he helped popularize the solar power purchase agreement model. Most recently, as head of the DOE Loan Programs Office under the Biden administration, he oversaw a portfolio exceeding $40 billion, backing large‑scale projects in batteries, clean hydrogen, and renewable power—experience that Palmetto intends to leverage to design new home‑energy financing mechanisms and partnership structures. His appointment follows several strategic moves by Palmetto, including expanding its Charlotte headquarters, launching the Palmetto app to deepen digital engagement, and acquiring clean‑lifestyle media platform The Cool Down to broaden consumer reach and education. Shah has publicly endorsed Palmetto’s consumer‑first positioning and plans to help scale its model nationally, with the goal of expanding access, improving affordability, and accelerating adoption of home energy solutions for millions of U.S. households, while reinforcing the company’s stated focus on both financial performance and broader environmental and social outcomes.