SAN FRANCISCO–(BUSINESS WIRE)–Generate Capital, a leading sustainable infrastructure investment and operating platform, today announced it has acquired large-scale battery storage developer esVolta LP to accelerate the availability of energy storage projects critical to decarbonizing the electric grid and improving resiliency.
The acquisition enables Generate to expand into the front-of-the-meter battery storage market by adding a fast-growing and experienced team with a pipeline of attractive projects.
One of the leading large-scale energy storage developers in the United States, esVolta was founded in California in 2017 and has a portfolio of more than 900 megawatt hours of operational and utility-contracted projects in the U.S. and Canada. The company also has a portfolio of projects under active development in Texas, Arizona, Montana, California, Virginia,…