Elevate develops and operates large-scale battery energy storage and solar projects to provide reliable, dispatchable capacity and support growing electricity demand. Its portfolio includes the recently acquired Prospect Power Storage project (150 MW/600 MWh), currently under construction and scheduled to begin operations in mid‑2026. Elevate was also selected by the New Jersey Board of Public Utilities for the 150 MW/600 MWh Garden State Reliability (Two Rivers Storage) project at the Bergen Generating Station. The company pursues equipment financing and supplier finance solutions to improve working capital, supply chain resilience, and project execution speed. Elevate positions its projects to serve high-demand customers such as data centers and to increase grid resilience and clean energy utilization. The company is a portfolio company of ArcLight Capital Partners.

Total raised

$200M

Funding rounds

2

Latest round

Debt Financing

Latest activity

Apr 2026