Agilitas Energy, a developer, builder, owner and operator of distributed energy storage and solar PV systems in the northeastern US, 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.
