WAKEFIELD, Mass. — (May 17, 2023) — 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 entered into a strategic development partnership with Oak Square Partners, a full-service renewable energy developer specializing in solar PV and battery storage projects in New England.
The companies will work together to accelerate the development of renewable energy and energy storage projects, ensuring that the process from inception through construction and operation is efficient and seamless. As part of the partnership, Oak Square Partners will identify, acquire and lead the development of certain energy projects that Agilitas Energy will acquire when they are ready for construction.
Agilitas Energy will provide engineering, procurement and construction (EPC) expertise to the partnership and will serve as a buyer for Oak Square Partners’ qualified pipeline with a simplified transaction process. Leveraging both companies’ deep experience across the entire value chain will allow projects to accomplish maximum yield at competitive costs upon interconnection to the grid.
“Agilitas Energy seeks to build long-term relationships with high-quality developers. We know firsthand, from prior deals, that the Oak Square Partners team is professional and great to work with,” said Barrett Bilotta, President, CEO and Co-founder of Agilitas Energy. “We’re formalizing our relationship so that, together, we can build a more targeted and consistent pipeline of renewable energy and energy storage projects that meet Agilitas Energy’s standards.”
The two companies anticipate collaborating on a variety of distributed generation systems, including solar PV, energy storage and hybrid projects, primarily in Massachusetts, Rhode Island and New Hampshire. Agilitas Energy plans to initially acquire in excess of 20 megawatts (MW), with an aggressive plan to develop and acquire a greater volume as part of the multi-year partnership.
“Leveraging the synergy between two of New England’s premier renewable developers will create substantial opportunities for both parties. Particularly, it will move renewable projects through the entire lifecycle more quickly,” said Sevag Khatchadourian, Principal at Oak Square Partners. “We’re looking forward to having Agilitas Energy as our preferred partner on our projects, freeing our team to focus on what we do best—sourcing and developing energy projects that will bring more reliable and cost-effective power supply to the communities they’ll serve.”
Agilitas Energy will continue to originate new projects independently, as well – both in New England and nationally.