Agilitas raises $350 million to build national renewable energy & storage platform
Vermont Business Magazine Agilitas, the largest integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern US, announced today it has raised $350 million of equity in a two-tiered investment from funds managed by CarVal Investors L.P. The investment will fund a national footprint build-out of Agilitas Energy’s large pipeline of renewable energy and battery storage systems. Agilitas is working with GMP on developing a battery storage project in Bristol. Broad-scale adoption of renewable energy and battery storage is a mandate for transitioning from reliance on fossil fuels to clean energy. CarVal’s investment will accelerate Agilitas Energy’s development, construction and operation of more than 500 megawatts (MW) of distributed and utility-scale energy storage and solar PV projects that will help on the path toward America’s net zero greenhouse gas emissions goal.