Agilitas Energy reached milestones in two of its Solar Massachusetts Renewable Target projects (SMART). The company has completed construction in Auburn, Mass. of its largest utility-scale, coupled PV and battery energy storage system. The project now has a 7.3 MW solar array and a 3.6 MW/9.5 MWh energy storage system. A number of hundred organizations have signed long-term power purchasing agreements that will guarantee energy savings for the next 20 years.
Agilitas Energy purchased a Hopkinton front-of the-meter PV and energy storage facility that is ready for construction. It will serve Eversource with an Eversource 5.8 MW DC array and 4MW/9MWh of storage. Agilitas Energy, which will be donating more than $10,000 to help build a parking area for trail access, will create 45 acres of permanent conservation land.
Both projects are located in Auburn and Hopkinton and are classified as Community Solar Programs. They will participate in ISO New England markets and generate Massachusetts Clean Peak Certificates.
“Programs like SMART make a noticeable difference in empowering cost-effective solar development, and we’re confident these projects will help bring predictable, low-cost, clean energy to the communities that need it – other states should look to replicate what Massachusetts has done,” says Barrett Bilotta, president of Agilitas Energy. “Along those lines, we’re proud of the solar and storage projects we’ve built in our home state and across New England, and with our recent capital raise, we’re looking to replicate our success with utilities and municipalities throughout the U.S.”
The company recently raised $350 million of equity in a two-tiered investment from CarVal Investors L.P., financing that will fund a national build-out of Agilitas Energy’s pipeline of renewable energy and battery storage systems. Agilitas Energy has been actively developing or constructing several other coupled PV and energy storage projects in different towns throughout the Commonwealth under the SMART program.