Agilitas Energy has acquired its first hydropower assets with the purchase of two late-stage development projects from Advanced Hydro Solutions. The acquisition includes the 30MW Tygart Hydropower Project in Grafton, West Virginia, and the 14MW Jennings Randolph Hydropower Project in Garrett County, Maryland.
This marks the company’s entry into both the hydropower sector and the states of West Virginia and Maryland. The projects will deliver a combined 44MW of generation capacity to the PJM Interconnection, which operates the electric grid across 13 states and the District of Columbia. Agilitas Energy expects both projects to begin operations in late 2028.
“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.”
Agilitas said the Tygart and Jennings Randolph projects will generate enough electricity to power more than 15,000 homes annually. The company cited hydropower’s long asset life, low operating costs, and consistent output as key factors in its decision to enter the sector.
“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.”
The company also said the projects will create local jobs, support infrastructure development, and increase energy access in both rural and urban areas.
“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.”
