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Agilitas Energy closes $100 million in debt financing to fund growth and national expansion

Apr 25, 2024•about 1 year ago

Amount Raised

$100 Million

WakefieldRenewable EnergyInformation TechnologySoftware

Investors

Ab Car ValNomura Corporate Funding Americas, LlcNomura Securities International, Inc.

Description

Agilitas Energy announced the closing of $100 million in debt financing to fund growth and continued national expansion, accelerating the build-out of solar and energy storage projects totaling more than 250 megawatts (MW) over the next three years.

Company Information

Company

Agilitas Energy

Location

Wakefield, Massachusetts, United States

About

Agilitas Energy is a leading integrated developer and operator of renewable energy and energy storage systems in the Northeast and Texas. The Company is expert in the full cycle of development, construction, and distribution of utility-scale energy projects. The Agilitas Energy team has developed and/or built over 500 MW of solar PV and energy storage systems collectively since 2014, and is actively developing over 1 GW of energy projects in the United States with a focus on the Northeast and ERCOT markets. Agilitas Energy invests in energy projects at various stages, from inception to full entitlement to commercial operation.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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