Agilitas Energy Acquires Hydropower Assets in PJM Territory

Renewable energy developer and project operator Agilitas Energy announced it the company has acquired two late-stage hydropower development projects from Advanced Hydro Solutions. Agilitas on June 24 said the 30-MW Tygart Hydropower Project in Grafton, West Virginia, and the 14-MW Jennings Randolph Hydropower Project in Garrett County, Maryland, represent Agilitas Energy’s first hydropower assets. It also marks the company’s first entry into both states.

The projects will provide power to PJM (Pennsylvania-New Jersey-Maryland) Interconnection, a Regional Transmission Organization (RTO) and Independent System Operator (ISO) that manages the electric transmission system for 13 states and the District of Columbia. Agilitas Energy expects both projects to be operational in late 2028.

Agilitas Energy on Tuesday said the projects complement the company’s growing renewable energy portfolio and reflect its commitment to diversifying its asset base and pursuing the most effective energy solutions, wherever and however they’re needed, to strengthen the grid and meet growing electricity demand.

“Hydropower diversifies Agilitas Energy’s portfolio of renewable projects with a reliable, baseload power asset that complements our existing solar and storage projects,” said Barrett Bilotta, CEO of Agilitas Energy. “These projects offer grid-stabilizing capabilities and help hedge against market volatility while reinforcing our strategy of using the right technologies in the right places to deliver dependable, clean energy across a growing range of markets.”

The Tygart and Jennings Randolph projects are set to stimulate local economies by creating jobs and investing in infrastructure. By providing affordable, renewable energy, these projects will promote community development and energy access in both rural and urban areas, while simultaneously addressing the growing demand for power across the nation.

“Hydropower remains one of the most proven and powerful tools for delivering reliable, renewable energy across the U.S.,” said Malcolm Woolf, president and CEO of the National Hydropower Association. “Agilitas Energy’s investment in these two projects underscores the growing recognition that hydropower must play a central role in our energy future. Companies like Agilitas Energy are stepping up to modernize the grid and expand access to reliable power.”

“We are very pleased to partner with Agilitas Energy”, said David Sinclair, president of Advanced Hydro Solutions. “Their focus on developing a balanced portfolio of high quality projects to completion is a superior strategy that fits so well for our company and these projects.” More information about the projects is available at the Agilitas Energy website.

—POWER edited this content, which was contributed by the communications team for Agilitas Energy.