Agilitas Energy Raises $350 Million To Build National Renewable Energy & Storage Platform
06/08/22, 12:00 PM
Location
Money raised
$350 million
Industry
information technology
software
internet services
Agilitas Energy, the largest integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., today announced 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. The investment amount may be further upsized to $650 million upon the completion of certain projects. Funds managed by CarVal have assumed a minority position in Agilitas Energy and the companies have established a joint venture to own and operate the energy assets.