Agilitas Energy, a Wakefield, MA-based integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., raised $350m in equity funding.
The two-tiered investment came from funds managed by CarVal Investors L.P.
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.
Led by Barrett Bilotta, President, Agilitas Energy is a renewables and energy storage company with a mission to accelerate the transition to clean energy. As a large integrated developer, builder, owner and operator of distributed energy storage and solar PV systems in the northeastern U.S., the company manages the entire end-to-end lifecycle of the projects that deliver predictable, low-cost, clean energy for off-takers, utilities and municipalities. The company has a U.S. pipeline of more than 500 MW of solar PV and energy storage projects.
Agilitas Energy’s core competencies include project origination, development, project engineering, debt and tax equity financing, engineering procurement and construction (EPC) and asset management – including energy storage revenue optimization. The company has developed a proprietary bidding and forecasting model called, Intelligent Power Dispatch, that helps optimize revenue by predicting market conditions in day-ahead and real-time energy markets.
FinSMEs
08/06/2022