Altus Power announced it has acquired a solar-plus-storage project from Arevon, located at the Croton Harmon Train Station in Westchester County, New York, expanding its distributed energy portfolio in a key Northeast market.
The project features approximately 4.2 MW of solar generation paired with a 15 MWh battery energy storage system. It is designed to deliver renewable power to a mix of customers, including Columbia University, residential apartment buildings, and a local medical center, while supporting grid reliability.
The acquisition highlights Altus Power’s strategy of investing in high-quality distributed generation assets that integrate solar with storage to improve resiliency and optimize energy delivery. The company emphasized that battery storage plays a critical role in maintaining a stable and cost-effective energy grid as demand and energy sources evolve.
Altus Power continues to scale its footprint across New York, where it now owns and operates more than 80 projects totaling roughly 266 MW. The company has invested hundreds of millions of dollars in the state, reinforcing its long-term commitment to providing dependable and affordable clean energy solutions to communities and businesses.
Nationwide, Altus Power operates more than 1.3 GW of solar assets across 30 states and Washington, D.C., serving a broad base of customers, including large enterprises, municipalities, schools, and households. Backed by TPG Rise Climate Transition Infrastructure, the company continues to expand access to locally sourced renewable energy through a combination of operational expertise and innovative financing.
KEY QUOTES:
“Battery storage is essential to a stable, reliable and cost-effective energy grid. As the industry rapidly evolves, Altus is committed to the implementation and build out for our stakeholders in New York.”
Abhi Parmar, Chief Investment Officer, Altus Power
“As a long-term owner of distributed generation assets, Altus Power demonstrated execution certainty and willingness to work through challenges. We view this transaction as a template for future opportunities and look forward to building our relationship with the Altus team.”
Lydia Li, Director of Investment, Arevon
