Agilitas Energy, a integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern United States, has agreed to acquire a portfolio of six stand-alone energy storage system (ESS) projects in the Greater Houston area from Gulf States Renewable Energy, subsidiary of GSR Energy.
The deal value approximates $75 million and accelerates the company’s growth outside of the Northeast as part of its national expansion plan.
The acquisition is Agilitas Energy’s largest acquisition since raising $350 million from CarVal Investors L.P. last year for the purpose of national e