Elevate Infrastructure

What Elevate Infrastructure does

Elevate Infrastructure is a Boston-headquartered developer, owner, and operator of utility-scale battery energy storage systems (BESS) in the United States, founded in 2022 and backed by ArcLight Capital Partners with a $150 million equity commitment. The company develops, acquires, and operates standalone and co-located battery storage assets across nine U.S. states, with operational offices in Boston, New York City, Washington DC, Phoenix, and San Francisco. Its operational fleet reached 150 MW with the June 2026 commissioning of the Prospect Power Storage project in Northern Virginia, which it acquired in January 2026 and which it positions as the largest standalone battery storage facility in PJM. The development pipeline stands at 12 GWh across multiple ISOs.

The core technology is grid-scale lithium-ion battery storage connected to transmission and distribution networks, delivering capacity, energy arbitrage, and ancillary services into organized wholesale markets. Elevate has diversified its go-to-market beyond pure merchant grid services into the data center segment through a partnership with AlphaGen for co-location and a $50 million Rabobank debt facility closed in April 2026 dedicated to a data center-served battery project. Revenue mechanics derive from long-term capacity payments, energy arbitrage spreads, ancillary services revenue (frequency regulation, spinning reserves), and bespoke contracts with utilities, ISOs/RTOs, and data center operators. The business model is asset-heavy infrastructure ownership: the firm funds development and acquisition through sponsor equity and project-level debt, retains operational control, and monetizes the storage asset over multi-decade horizons.

Customer concentration reflects the structural nature of utility-scale infrastructure: counterparties are large by necessity (utilities, ISO capacity markets, hyperscaler-aligned data center operators), but the multi-state, multi-ISO footprint and dual exposure to grid services and behind-the-meter data center load provide some diversification. As of 2026, the firm remains in early commercial stage with only a fraction of its pipeline operational, making near-term revenue modest relative to the long-duration value of its development pipeline.

Name

Elevate Infrastructure

Legal name

Elevate Infrastructure

Website

https://elevateinfra.com

Company type

Private

Founded year

2022

Operating status

Operating

Short description

Elevate Infrastructure is a Boston-based utility-scale battery energy storage developer and operator, founded in 2022 and backed by ArcLight Capital Partners. It owns, develops, and operates grid-scale BESS assets across nine U.S. states, serving grid operators, utilities, and data center customers via PJM, NYISO, and co-located deployments.

Ownership category

akta.pro rank

Product category

Grid-Scale Battery Energy Storage

NAICS

Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)

akta.pro secondary industries

BESS EPC, Integration & Commissioning (EUAFAAAB), BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS O&M and Lifecycle Services (Warranty, Spares, Monitoring) (EUAEAEAM)

Keywords

• Battery energy storage
• Grid-scale storage
• Utility-scale batteries
• Energy infrastructure development
• Grid stability services

Headquarters

HQ city

Boston

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Grid Services Revenue: Revenue generated from operating battery storage facilities that provide capacity, energy arbitrage, and ancillary services to grid operators and ISOs/RTOs. Storage systems earn revenue by storing energy during low-demand/low-price periods and discharging during high-demand periods, as well as providing fast-response services for grid stability.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Elevate Infrastructure develops, owns, and operates utility-scale battery energy storage system (BESS) facilities for the electric grid. The company delivers standalone storage facilities and storage co-located with existing energy infrastructure, providing capacity, energy arbitrage, frequency regulation, voltage support, and ancillary services to utilities, grid operators (ISOs/RTOs), and data center developers across the United States.

Product overview

Elevate Infrastructure operates as a battery energy storage platform that develops, owns, and operates large-scale BESS facilities. The company offers a portfolio of products including standalone energy storage facilities and colocated storage projects co-located with existing energy infrastructure. The platform is organized around four core development pathways: Co-Location Development (via AlphaGen partnership), Greenfield Development, Strategic Acquisitions, and Data Center Solutions—all backed by ArcLight Capital Partners. The company manages a pipeline of projects across multiple U.S. states, ranging from early-stage development to operational facilities, with capacities ranging from 60 MWh to 2,400 MWh.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Energy Storage Projects Large-scale battery energy storage (BESS) facilities that capture energy when abundant and deliver it when needed, supporting grid reliability and stability for utilities, grid operators, and data center customers.
• Standalone Energy Storage Independent battery storage facilities not co-located with solar or other generation assets, providing grid services and capacity support in standalone configurations, including the 600 MWh Prospect Power facility.
• Colocated Energy Storage Battery storage projects co-located with existing energy infrastructure sites, including Arthur Kill I (60 MWh) and Luyster Creek (504 MWh), leveraging existing grid connections to accelerate development timelines and reduce costs.
• Data Center Solutions Storage-based power solutions tailored for data center developers and operators, providing reliable, scalable, and long-term power infrastructure to meet the demands of next-generation AI and advanced computing data centers.

Quantifiable outcome

• 12 GWh in development; 630 MWh in operation in 2026; 9 states with active projects
• +1 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• AlphaGencoreStrategic or Co-development PartnerAlphaGen is a sister company in the ArcLight family. Through this relationship, Elevate develops battery storage projects on existing energy infrastructure sites (co-location development), which accelerates timelines, reduces costs, and unlocks locations that would otherwise take years to secure.
• Data Center Developers and OperatorscoreStrategic or Co-development PartnerElevate works directly with data center developers and operators to deliver storage-based power solutions tailored to their needs. These partnerships address the unprecedented demand for reliable, dedicated power to support AI and advanced computing workloads, with data centers potentially consuming 20% of U.S. grid power by 2030.

Scale indicators5 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Tesla Energy: Vertically integrated energy company with Megapack utility-scale battery storage products and increasingly proprietary project development. Competes with Elevate both as an OEM supplier and as a developer/owner of large-scale storage projects.
• Fluence Energy: Major BESS technology provider and project developer (joint venture of Siemens and AES). Competes with Elevate on both the hardware/integration side and increasingly as a developer of utility-scale storage assets globally.
• Ørsted: Global offshore wind leader with a growing U.S. onshore renewables and storage business. Several Elevate executives previously worked at Ørsted Americas. While much larger and broader, it competes in the same utility-scale storage development space.

Direct peers

• Jupiter Power: Developer, owner, and operator of utility-scale standalone battery energy storage systems across U.S. markets including ERCOT, PJM, and CAISO. Direct competitor in the same standalone BESS niche.
• Strata Clean Energy: Utility-scale solar and battery storage developer and owner. Directly comparable as Elevate's CEO Joshua Rogol and several VPs previously led origination and development at Strata, and both companies target similar ISO/RTO markets with co-located and standalone storage.
• Plus Power: Independent developer, owner, and operator of utility-scale standalone battery energy storage projects in U.S. ISO markets. Direct competitor in the same niche of grid-scale standalone BESS development and operation.
• Key Capture Energy: Independent developer and operator of utility-scale battery storage projects in the U.S., focused on standalone BESS assets providing grid services. Comparable in scale, geography, and product offering to Elevate.
• Pine Gate Renewables: Utility-scale solar and storage developer. Elevate's General Counsel Jocelyn Blier was previously Senior Counsel at Pine Gate, and both compete for similar IPP and community solar-plus-storage opportunities in PJM, MISO, and SPP.
• Arevon Energy: Renewable energy and battery storage developer, owner, and operator with utility-scale projects across the U.S. Elevate board member John Breckenridge is former Arevon CEO, indicating tight sector overlap.

Emerging players

• Form Energy: Developer of long-duration iron-air battery technology targeting utility-scale applications. While focused on a different storage duration profile, it competes for the same utility procurement processes and capital pools targeting grid reliability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Elevate Infrastructure