Agilitas Energy, a developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern United States, has raised $350 million of equity in a two-tiered investment from funds managed by CarVal Investors.
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.
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 sto
