Together, the 30-megawatt (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-ever hydropower assets, the company’s first entry into both states and an expansion of its ability to provide stable, secure energy to U.S. power markets.
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 and that the combined 44 MW capacity will generate enough clean, reliable and predictable energy to power over 15,000 homes annually.
Hydropower offers reliable baseload power, long asset lifespans of often more than 50 years and low operating costs, all qualities that make it a natural complement to Agilitas Energy’s growing renewable energy portfolio. This acquisition reflects the company’s 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.”
