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Agilitas Energy, a developer, builder, proprietor and operator of distributed energy storage and {solar} photovoltaic (PV) methods within the northeastern U.S., has raised $350 million of fairness in a two-tiered funding from funds managed by CarVal Investors L.P.

The funding will fund a nationwide footprint build-out of Agilitas Energy’s giant pipeline of renewable energy and battery storage methods. The funding quantity could also be additional upsized to $650 million upon the completion of sure initiatives.

Funds managed by CarVal have assumed a minority place in Agilitas Energy, and the businesses have established a three way partnership to personal and function the energy belongings.

CarVal’s funding will speed up Agilitas Energy’s growth, building and operation of greater than 500 MW of distributed and utility-scale energy storage and {solar} PV initiatives. Agilitas Energy will increase nationally by establishing its current undertaking pipeline whereas actively buying and growing initiatives from throughout the nation.

“To successfully transition our energy methods away from fossil fuels, we have to quickly improve the variety of renewable energy and storage initiatives which are efficiently interconnected to the grid,” says Barrett Bilotta, president of Agilitas Energy. “With our skilled administration staff, current undertaking pipeline and organizational experience mixed with the help of CarVal, we’re properly positioned to increase nationally and assist make a dent in our nation’s decarbonization objectives. CarVal provides important worth past their capital.”

Transferring ahead, Agilitas Energy shall be targeted on growing initiatives that shall be owned by the brand new three way partnership and managed by Agilitas Energy’s asset administration group. Inside the first 90 days, the three way partnership expects to amass eight initiatives totaling 45 MW developed by Agilitas Energy, which incorporates two Massachusetts SMART initiatives and a stand-alone storage system in Rhode Island (at present underneath building), two stand-alone storage methods in Maine which are underneath growth, and three working {solar} PV services in Massachusetts and New Hampshire.

“We chosen Agilitas Energy as our platform funding associate as a result of they’ve unusual experience and a observe report in all sides of the enterprise – from growth to engineering, by building and operations,” states Jerry Keefe, principal of CarVal Buyers. “Agilitas Energy is an early chief in {solar} and energy storage and one of many few firms efficiently working dwell energy storage methods at scale.”



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Self storage company adding solar PV to power 21 sites via Pivot Energy

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Pivot Energy introduced a brand new partnership with Life Storage, a nationwide self storage firm, with a collection of 21 {solar} initiatives situated throughout a number of states. Self storage services are a perfect candidate for rooftop {solar}, with an abundance of unused roof area and important on-site energy calls for.

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This collection of initiatives will increase Life Storage’s {solar} repertoire on the east coast and represents their first {solar} initiatives in California. 9 of the California initiatives have already been accomplished, with areas close to Sacramento and Woodland, and eight extra initiatives will likely be constructed within the Golden State by 12 months’s finish. The remaining initiatives within the Northeast are anticipated to be accomplished in late 2022.

These initiatives will serve Life Storage’s ESG objectives by bettering their energy consumption profile and total environmental footprint, serving to to keep away from air air pollution, water air pollution, and scale back carbon emissions within the native communities the place the initiatives are situated.

Erik Bruner, Director of Enterprise Improvement for Pivot Energy mentioned, “We’re proud to be growing this {solar} portfolio for an organization like Life Storage that can be firmly dedicated to bold ESG objectives. {Solar} is a improbable step in making an operation extra sustainable and we hope to see extra self-storage companies impressed by Life Storage’s green management. Pivot Energy appears ahead to persevering with to work with Life Storage as they increase their {solar} footprint.”

These initiatives are solely the beginning of Life Storage’s {solar} adoption technique, as the corporate plans to increase {solar} throughout its portfolio of services within the coming years.

Eric Schlegel, Mission Supervisor for Design and Sustainability at Life Storage mentioned, “Pivot Energy has been a fantastic companion as we work to develop {solar} arrays throughout our nationwide portfolio of self storage services. Their mixture of nationwide experience and dedication to serving to firms accomplish their ESG objectives has made them a perfect companion on this endeavor. We’re excited for the completion of those initiatives and the advantages they are going to carry for our prospects, the communities we function in, and for our buyers.”

Have you ever checked out our YouTube web page?

We have now a ton video interviews and extra content material on our YouTube web page. Just lately we debuted Power Forward! — a collaboration with BayWa r.e. to debate greater degree business matters in addition to finest practices / developments for working a {solar} enterprise at present.

Our longer working aspect undertaking is The Pitch — by which now we have awkward discussions with {solar} producers and suppliers about their new expertise and concepts in order that you do not have to. We have discusses all the pieces from residential rail-less deck attaching and home solar financing to large-scale energy storage value stacking and utility-driven new house solar + storage microgrids.

We additionally put up our Project of the Year bulletins there! Interviews with this 12 months’s winners will likely be up beginning the week of Nov. 8. Head there and subscribe at present to remain on prime of all this additional stuff.

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Ingeteam unveils 7.65-MW inverter power station on skid

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Ingeteam introduced it has began manufacturing the brand new INGECON SUN FSK energy stations for PV vegetation and storage programs. The corporate says it’s a perfect answer for large-scale tasks resulting from its excessive energy ranking, which may attain as much as 7.65-MW output energy at medium voltage.

This new design was produced to make set up and connection work within the area as straightforward as potential, provided as a turnkey answer with all the weather positioned on a single full skid or metal platform and pre-connected on the manufacturing facility. As well as, this answer may be transported each by land and by sea, as it may be positioned straight on the trailer of a truck or inside a 40-ft container.

This answer can combine one or two 1,500-VDC inverters, enabling Ingeteam to adapt to totally different mission configurations and sizes.

Along with the inverters, this energy station additionally consists of the LV/MV energy transformer, the transformer oil tank, medium voltage switchgear and ancillary companies, thus optimizing the usage of accessible house.

Information merchandise from Ingeteam



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Harbert Invests $400 Million to Support DESRI’s Renewable Energy Projects

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Harbert Invests $400 Million to Support DESRI's Renewable Energy Projects


D. E. Shaw Renewable Investments (DESRI) has entered right into a strategic financing relationship with Harbert Infrastructure managed funds, together with Gulf Pacific Energy LLC (GPP) and Harbert Infrastructure Fund VI (HIF VI). Beneath the association, Harbert will present DESRI with as much as $400 million of capital to make use of at DESRI’s discretion. This relationship will help DESRI’s operations throughout the renewable energy sector in the US.

“Now we have identified and collaborated with the DESRI staff for a number of years, in a number of capacities. They’ve a decades-long observe document of efficiency in creating, proudly owning and working contracted renewable energy tasks,” notes Claude Estes of Harbert. “Huge development in renewable era capability is required to facilitate the energy transition and DESRI’s disciplined, constant and strategic strategy to improvement is one thing that our group has immense respect for. We’re thrilled to formally name them our companion.”

“DESRI is extraordinarily enthusiastic about our lately shaped financing partnership with Harbert to proceed to help our constant development,” says David Zwillinger of DESRI. “This financing will help DESRI’s development in key electrical energy markets throughout the U.S. and facilitate new funding to serve our prospects and host communities.”

DESRI is targeted on proudly owning and managing long-term contracted renewable energy property in North America and has a portfolio of tasks totaling over 6 GW AC of working, development and contracted tasks.

Harbert has developed, acquired, owned and operated infrastructure property in the US and Canada for over 35 years and at the moment manages investments in energy era property totaling over 7 GW AC of gross capability.



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