Le Lézard
Classified in: Environment
Subjects: Product/Service, Funding

Agilitas Energy Enters the California Power Markets

Agilitas Energy, the largest integrated developer, builder, owner and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., today announced it has expanded its financial trading capabilities to include the California Independent System Operator (CAISO) electricity market. Building on the success of its energy trading activity in the ISO-New England (ISO-NE) and Electric Reliability Council of Texas (ERCOT) markets, this expansion into CAISO accelerates the organization's build-out of its national footprint.

The company is firmly positioned as a leader in the distributed generation renewable energy market, powered by the deep expertise of its dedicated in-house engineering, procurement and construction (EPC) and asset management teams. By overseeing projects across their entire lifecycle, from inception to completion and including their operation, the company ensures maximum yield and optimal performance throughout.

"The expansion of our energy trading business was a natural and necessary next step in our national build-out," said Barrett Bilotta, President, Co-Founder and CEO of Agilitas Energy. "Building on our success in the ISO-NE and ERCOT markets, our energy trading operation in the CAISO market will propel further growth for us as we continue to capitalize on the deep expertise of our asset management group, generating optimal financial results."

The company is leveraging its proven trading success from other power markets to the California ISO market. This strategy combines Agilitas Energy's proprietary power flow modeling with expert analysis to optimize trading decisions.

Through its participation in CAISO's energy trading market, Agilitas Energy is building upon its recent momentum, most recently having closed $100 million in debt financing from Nomura Securities International, Inc. to fund its growth and continued national expansion. The financing, announced in April 2024, is being used to construct its existing project pipeline of more than one gigawatt (GW); continue acquiring and developing solar, standalone storage and hybrid projects across the country; and accelerate Agilitas Energy's build-out of solar and energy storage projects totaling more than 250 megawatts (MW) over the next three years.

To learn more about how Agilitas Energy can deliver an energy solution or serve as a partner on a renewable project, please visit https://agilitasenergy.com/contact.

About Agilitas Energy

Agilitas Energy is a leading renewables and energy storage company with a mission to accelerate the transition to clean energy on a national scale. As the largest integrated developer, builder, owner and operator of energy storage and solar PV systems in the northeastern U.S., Agilitas Energy manages the entire end-to-end lifecycle of the projects that deliver predictable, cost-efficient, clean energy for off-takers, utilities and municipalities. The company has a U.S. pipeline of more than one gigawatt of renewable energy and energy storage projects as part of its national expansion. To learn more, please visit: https://agilitasenergy.com/.

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