CarVal Investors, an alternative investment fund manager, led a $350m round in Agilitas Energy, a developer, builder, owner and operator of distributed energy storage. “To effectively transition our energy systems away from fossil fuels, we need to rapidly increase the number of renewable energy and storage projects that are successfully interconnected to the grid. With our experienced management team, existing project pipeline and organizational expertise combined with the support of CarVal, we’re well positioned to expand nationally and help make a dent in our country’s decarbonization goals. CarVal adds significant value beyond their capital. They are smart business athletes with real-world energy and business acumen who will be true partners as we execute our growth plan," Barrett Bilotta, Agilitas Energy President.