Agilitas Energy

What Agilitas Energy does

Agilitas Energy, founded in 2014 and headquartered in Wakefield, Massachusetts, is a privately held independent power producer that develops, finances, builds, owns, and operates distributed energy infrastructure assets across the United States. The company's core product portfolio spans standalone battery energy storage systems (BESS), coupled solar PV plus storage projects, and (as of 2025) hydropower projects developed at non-powered dams. Agilitas sells capacity, energy, and ancillary services to investor-owned and municipal utilities (Con Edison, CenterPoint Energy, Green Mountain Power, Pascoag Utility District) through long-term storage service agreements and non-wires solution contracts, while also participating directly in five ISO wholesale markets: PJM, ISO-NE, NYISO, ERCOT, and CAISO.

The business is vertically integrated across the full asset lifecycle, with in-house teams covering development, engineering, financing, EPC, asset management, and financial trading. The proprietary Intelligent Power Dispatch model combines real-time grid telemetry, weather data, forward curves, and asset-level inputs to optimize bidding and dispatch into day-ahead and real-time energy markets. Operations are supported by a 1 GW project pipeline, 45+ deployed systems, and roughly 2,000 community solar subscribers. Revenue is anchored by long-duration utility contracts (10-20 year PPAs) supplemented by community solar subscriptions and wholesale market revenues from capacity auctions, frequency regulation, and energy trading. The company has raised approximately $500M of capital to date, including a $350M equity round from CarVal Investors in 2022 (upsizable to $650M) and $100M of debt from Nomura in 2024, and has expanded geographically through acquisitions of development pipelines in Texas, New England, West Virginia, and Maryland.

Name

Agilitas Energy

Legal name

Agilitas Energy LLC

Website

https://agilitasenergy.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Agilitas Energy is a privately held independent power producer that develops, finances, builds, owns, and operates distributed battery energy storage, solar PV, and hydropower systems across five US power markets, serving utilities, municipalities, and commercial customers via long-term contracts.

Ownership category

akta.pro rank

Product category

Independent Power Production & Energy Storage

NAICS

Solar Electric Power Generation (221114), Hydroelectric Power Generation (221111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

akta.pro secondary industries

Distributed Generation (DG) Solar & Small Wind (EUAMAJAD), Microgrid Development, EPC & Integration (EUAMAJAB), Hydropower Plant EPC (Dam, Run-of-River, Pumped Hydro Civil Works) (EUAEAAAD)

Keywords

• Battery energy storage
• Solar PV development
• Independent power production
• Non-wires solutions
• Community solar programs

Headquarters

HQ city

Wakefield

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Technology or R&D, Personnel, Marketing or Sales, Operations

Revenue model

1. Energy Storage Service Agreements: Long-term contracts with utilities for battery energy storage capacity. Revenue from capacity payments and demand response services. Projects like Pascoag provide peak load reduction and non-wires solutions.
2. Community Solar Programs: Community solar facilities serving multiple customers (individuals, businesses, nonprofits) through Power Purchase Agreements. Customers receive electric bill credits for electricity generated by their share. Anchor subscribers like Roche Brothers provide guaranteed revenue.
3. Wholesale Energy Markets: Participation in ISO-New England, ERCOT, CAISO, NYISO, and PJM wholesale markets. Revenue from energy sales, capacity auctions, operating reserve markets, and frequency regulation markets.
4. Renewable Energy Certificates (RECs): Generation of NEPOOL Class I Renewable Energy Certificates contributing to regional Renewable Portfolio Standards, providing additional revenue streams.
5. Energy Trading: Financial trading business for electricity in ERCOT and CAISO markets. Nodal energy trading to manage price and congestion uncertainty, leveraging asset management expertise to generate better financial returns.
6. Asset Ownership and Operation: Company develops, builds, owns, and operates renewable energy and battery storage assets. Revenue generated from long-term asset ownership across project lifecycle.

Go-to-market motion3 records

Distribution channels3 records

Marketing channels5 records

Core offering

Agilitas Energy is a fully integrated independent power producer that develops, finances, builds, owns, and operates distributed generation energy infrastructure assets including battery energy storage systems (BESS), solar PV systems, and hydropower projects. The company manages the entire project lifecycle from initial site control through long-term asset operation, providing utilities, municipalities, and commercial/industrial customers with non-wires solutions, community solar programs, and wholesale market participation services across five major U.S. power markets.

Product overview

Agilitas Energy is a fully integrated independent power producer that develops, finances, builds, and operates distributed energy infrastructure assets. The company operates across four core product areas: distributed energy storage systems (both standalone battery storage and coupled PV+BESS solutions), solar PV systems, and hydropower projects. They provide supporting services including energy trading, community solar programs, and non-wires alternative solutions. Their proprietary Intelligent Power Dispatch technology enables revenue optimization across their asset portfolio. The company manages projects from initial site control through long-term asset performance, operating in PJM, ISO-NE, NYISO, CAISO, and ERCOT power markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Distributed Energy Storage Systems (BESS)
• Solar PV Systems
• Hydropower Projects
• Energy Trading Services
• Community Solar Programs
• Non-Wires Solutions

Quantifiable outcome

• Avoided $12M in infrastructure costs for Pascoag Utility District through battery storage deployment
• +2 more outcomes

Named customers7 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature2 records

Partnerships

Five partnerships are on record, tiered core and major.

• Advanced Hydro SolutionscoreStrategic or Co-development Partner · 25 June 2025Acquired two late-stage hydropower development projects: 30 MW Tygart Hydropower Project in Grafton, WV and 14 MW Jennings Randolph Hydropower Project in Garrett County, MD. Represents Agilitas Energy's first hydropower assets and entry into WV and MD markets.
• CenterPoint EnergymajorOthers · 23 June 2025First distributed generation BESS interconnected to CenterPoint's distribution system, participating in ERCOT wholesale delivery market. CenterPoint serves as utility customer for Houston energy storage projects.
• Oak Square PartnerscoreStrategic or Co-development Partner · 17 May 2023Strategic development partnership for renewable energy and energy storage projects in New England. Oak Square identifies, acquires, and leads development of certain projects that Agilitas acquires when ready for construction. Agilitas provides EPC expertise and serves as buyer for qualified pipeline. Plan to collaborate on distributed generation systems primarily in MA, RI, and NH with initial acquisition of 20+ MW.
• Gulf States Renewable Energy (GSR Energy)majorStrategic or Co-development Partner · 28 March 2023Acquired portfolio of six standalone ESS projects in Greater Houston, TX area for approximately $75M. Each project uses BYD Energy batteries with identical 9.96 MW/20.721 MWh system size. Acquisition accelerates national expansion outside Northeast.
• BYD EnergymajorTechnology or Integration · 28 March 2023Battery supplier for Texas energy storage portfolio. Six projects use BYD Energy batteries with 9.96 MW/20.721 MWh system configuration.

Scale indicators10 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Hecate Energy: Hecate Energy is a developer of utility-scale solar and battery storage projects across multiple U.S. power markets. It is comparable to Agilitas as a closely aligned direct peer in the solar+storage IPP category, with overlapping ISOs and customer profiles.
• Arevon Energy: Arevon Energy (formerly Capital Dynamics' Clean Energy Infrastructure business) is a renewable energy developer, owner, and operator with a multi-gigawatt solar and storage pipeline. Comparable to Agilitas as a privately held, growth-stage IPP pursuing national expansion in solar+storage.
• Lightsource bp: Lightsource bp is a global solar and storage developer with a growing U.S. utility-scale and community solar portfolio. Comparable to Agilitas as a focused solar+storage IPP expanding across U.S. ISOs with utility and C&I customers.
• Origis Energy: Origis Energy develops, builds, finances, and operates distributed and utility-scale solar and storage projects for utilities and C&I customers. It is a direct comparable to Agilitas in target customer segments, technology mix (solar + storage), and vertically integrated IPP business model.
• Vesper Energy: Vesper Energy develops, owns, and operates utility-scale solar and battery storage projects in the U.S. It is comparable to Agilitas as a vertically integrated solar+storage IPP serving utility customers and participating in wholesale markets.
• Pine Gate Renewables: Pine Gate Renewables is a utility-scale solar and battery storage developer with projects across multiple U.S. ISOs. It is comparable to Agilitas as a focused solar+storage IPP pursuing pipeline development, project ownership, and operations in overlapping markets.
• Avantus (formerly 174 Power Global): Avantus is a solar and battery storage developer with a multi-gigawatt U.S. pipeline, including utility-scale and community solar projects. Comparable to Agilitas as a directly competitive solar+storage IPP targeting utility offtakers and C&I customers across multiple ISOs.

Broad incumbents

• Clearway Energy: Clearway Energy is a publicly traded renewable IPP with one of the largest operating solar and storage fleets in the U.S. Comparable to Agilitas as a wholesale-market-exposed, asset-owning renewable and storage operator, though at materially larger scale.
• ENGIE North America (Distributed Solar & Storage): ENGIE North America is a large, established distributed energy and storage developer/owner serving utilities and C&I customers. It is comparable to Agilitas as a broader incumbent pursuing a similar end-to-end solar and storage model, though at much greater scale and with more diversified technologies.
• EDF Renewables North America: EDF Renewables develops, owns, and operates utility-scale renewable and storage projects across the U.S. Comparable to Agilitas as a large incumbent IPP with a similar vertically integrated development-to-asset-management model in solar and storage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/agilitas-energy-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Agilitas Energy