Agilitas Energy Expands into California Power Markets

Agilitas Energy, the leading integrated developer, builder, owner, and operator of distributed energy storage and solar photovoltaic (PV) systems in the northeastern U.S., announced its expansion into the California Independent System Operator (CAISO) electricity market. This move builds on its successful energy trading activities in the ISO-New England (ISO-NE) and Electric Reliability Council of Texas (ERCOT) markets, further extending the company’s national footprint.

Agilitas Energy is a recognized leader in the distributed generation renewable energy market, supported by its in-house engineering, procurement and construction (EPC), and asset management teams. By managing projects throughout their entire lifecycle, the company ensures maximum yield and optimal performance.

“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.

Agilitas Energy’s entry into the CAISO market builds on its recent momentum, including securing $100 million in debt financing from Nomura Securities International, Inc. in April 2024. This financing supports the construction of its existing project pipeline of over one gigawatt (GW), the continued acquisition and development of solar, standalone storage, and hybrid projects across the country, and the acceleration of solar and energy storage projects totaling more than 250 megawatts (MW) over the next three years.

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