Investment Summary

ArcLight Capital Partners Invests In Elevate Renewables

On January 31, 2023, infrastructure investor ArcLight Capital Partners invested in renewable energy company Elevate Renewables

Investment Highlights
  • This is ArcLight Capital Partners’ 10th transaction in the Renewable Energy sector.
  • This is ArcLight Capital Partners’ 83rd transaction in the United States.
  • This is ArcLight Capital Partners’ 9th transaction in Massachusetts.

Investment Summary

Date 2023-01-31
Target Elevate Renewables
Sector Renewable Energy
Investor(s) ArcLight Capital Partners
Deal Type Growth Capital

Target

Elevate Renewables

Boston, Massachusetts, United States
Elevate Renewables is a national developer focused on the development of utility scale battery storage resources co-located with existing power infrastructure. Elevate is devoted to supporting the nationwide increase in renewable penetration while also directly reducing the environmental footprint of the power sector through the deployment of carbon-neutral resources. Elevate Renewables is based in Boston, Massachusetts.

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Investor(S) 1

Investor

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


DEAL STATS #
Overall 97 of 102
Sector: Renewable Energy M&A 10 of 11
Type: Growth Capital M&A Deals 3 of 3
State: Massachusetts M&A 9 of 9
Country: United States M&A 83 of 87
Year: 2023 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-17 OnPoint Energy

Houston, Texas, United States

OnPoint Energy is a retail electric provider, focused on residential, commercial and industrial retail electricity solutions initially serving the ERCOT market. OnPoint Energy was founded in 2022 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-10 Great River Hydro

Westborough, Massachusetts, United States

Great River Hydro is a renewable energy infrastructure platform that represents the largest conventional hydroelectric portfolio in New England. The Company owns 13 hydroelectric generating stations with a total capacity of 589 megawatts along New England's Connecticut and Deerfield rivers, as well as a portfolio of co-located battery storage and solar development projects. Great River Hydro is based in Westborough, Massachusetts.

Sell $2.0B