Palmetto, a tech company that specializes in software that helps customers adopt renewable energy sources like solar power, has moved its corporate headquarters to South End from Charleston.

• Here, it plans to grow its footprint and help position Charlotte as a leader in clean technology.

Why it matters: Palmetto joins a small but growing startup scene in Charlotte. The company's move here is a nod of confidence in the city's tech talent pool, too.

• Palmetto's selection of South End underscores how the neighborhood remains one of the hottest office submarkets in the country. It joins major tech-focused employers in the neighborhood like Lowe's.

Of note: Palmetto is now one of the city's few unicorns, meaning it has a valuation of at least $1 billion. Others here include Red Ventures and Tresata.

Driving the news: Late last year, Palmetto began the first phase of opening its offices at 1616 Camden Rd., a building on the light rail that's also home to tenants like Leroy Fox.

• Palmetto is initially operating in a space that's just under 7,000 square feet, with plans to expand to more than 16,000 square feet this year, per the company.
• Palmetto plans to add 100 Charlotte-based employees this year, Charlotte Inno reported. The company is hiring locally for roles in data science, account management and financing operations.

Between the lines: Palmetto counts several celebrities among its high-profile investors via the firm Main Street Advisors, Variety reported. Among them: LeBron James and his business partner Maverick Carter, Drake, Jimmy Iovine and Billie Eilish.

• Palmetto has raised over $674 million to date, according to the company.

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Providence Group Capital has acquired a property in the Gold District at 506 W. Summit Ave., with plans for a mixed-use development on the site. The site's current tenant, H&S Roofing, will continue to operate there until it relocates to a new facility, per a statement from PGC.

• Yes, but: 506 W. Summit is part of a property that could be affected by NCDOT's plans for a train maintenance facility.

Albemarle, a Charlotte-based specialty chemicals company, plans to cut costs by laying off an unspecified number of workers and putting a few local projects on hold. The company cited a slowdown in the electric vehicle market and slumping lithium prices. (WFAE)

Goodwill Industries of the Southern Piedmont has opened what it's calling a "store of the future" at 4835 Shopton Rd. in Steele Creek. The store features space for a locally owned business plus a community room that can be rented out for events, according to a company statement.

• It'll also have a double-lane donation drop-off, open concept and modern design.

Charlotte Douglas International Airport and UNC Charlotte have partnered on a program that'll offer students hands-on experience in infrastructure innovation, research and development.

What's happening: The Charlotte Aviation Innovation and Research Institute — AKA Charlotte Air — is part of UNC Charlotte's William States Lee College of Engineering.

• It will prepare students for careers in aviation.

What they're saying: "[Charlotte AIR] will help establish this city as the hub for aviation infrastructure and technology expertise through transformative research, while creating the next-generation workforce to meet the industry's needs," Rob Keynton, dean of the W.S. Lee College of Engineering, said in a statement.