Elevate Appoints Joshua Rogol as CEO to Drive Battery Storage Expansion
Portfolio - People | Jan 21, 2025 | Arclight
ArcLight Capital Partners, a prominent infrastructure investor with over $80 billion in enterprise value, has announced the appointment of Joshua Rogol as CEO of its portfolio company, Elevate Renewables. Elevate, a leading utility-scale battery storage developer, is strategically positioned across the major U.S. power markets and has a development pipeline exceeding 4 GWs. With a strong focus on battery storage, Elevate aims to cater to data centers and utilities amid the rising demand for power associated with electrification and AI applications. Angelo Acconcia, a Partner at ArcLight, emphasized the importance of battery storage in meeting the growing power and grid reliability needs. The previous President of Elevate, Eric Cherniss, has been promoted to Head of Development for ArcLight, highlighting the firm's commitment to developing innovative and scalable power solutions.
Sectors
- Renewable Energy
- Infrastructure Investment
- Technology
Geography
- United States – Both ArcLight and Elevate are significant players in the U.S. market, developing battery storage solutions tailored to its growing energy and infrastructure needs.
Industry
- Renewable Energy – The focus on utility-scale battery storage places the article within the renewable energy sector, emphasizing the development and storage capabilities required to support renewable energy sources.
- Infrastructure Investment – ArcLight Capital Partners' role as an infrastructure investor in electrification supports the classification, highlighting investment in essential power and data center infrastructure.
- Technology – The mention of AI-driven data center development ties the industry classification to technology, as it explores the growing needs for reliable power infrastructure in technology applications.
Financials
- $80 billion – The enterprise value represented by ArcLight's ownership, control, or operation of energy assets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ArcLight Capital Partners | Private Equity Firm | Company | A leading infrastructure investor focused on electrification and energy storage across multiple sectors since 2001. |
| Elevate Renewables | Battery Storage Developer | Company | ArcLight's portfolio company dedicated to developing utility-scale battery storage infrastructure across the U.S. |
| Joshua Rogol | CEO of Elevate | Person | Appointed as CEO of Elevate, previously President of Strata Clean Energy with substantial experience in battery development. |
| Eric Cherniss | Head of Development for ArcLight | Person | Promoted to Head of Development at ArcLight from previous role as President of Elevate. |
| Angelo Acconcia | Partner at ArcLight | Person | Partner at ArcLight involved in strategic decisions regarding battery storage investments. |
| James Sullivan | Representative at ArcLight | Person | Provides insights into the capabilities and growth potential of Elevate under new leadership. |