Rogol Appointed CEO of Elevate Renewables as Company Expands Battery Storage Portfolio
Company - People | Jan 21, 2025 | Arclight
ArcLight Capital Partners has appointed Joshua Rogol as the new CEO of Elevate Renewables, a leading battery storage developer and part of Arclight's Fund VII portfolio. Rogol, previously of Strata Clean Energy, will helm Elevate as it continues to expand its significant battery development portfolio. Under the guidance of ArcLight, the company aims to capitalize on emerging opportunities in brownfield and data center-related battery developments. Elevate's current portfolio includes over 4 GWs in development across key U.S. markets like New York, California, and Arizona. With ArcLight's extensive infrastructure experience and resources, Elevate looks poised to play a major role in meeting the rising demands of power and grid reliability associated with electrification and data center growth. Meanwhile, ArcLight celebrates over 65 GW of owned, controlled or operated assets, reinforcing its standing as a leading infrastructure investor.
Sectors
- Energy and Utilities
- Infrastructure Investment
Geography
- United States – The article focuses on battery storage development and opportunities within major U.S. power markets, such as New York, California, and Arizona.
Industry
- Energy and Utilities – Pertains to battery storage development and utilization of existing power infrastructure.
- Infrastructure Investment – Relevant as the article discusses investments in critical electrification infrastructures such as transmission and storage.
Financials
- $80 billion – The enterprise value represented by Arclight's owned, controlled or operated assets.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| ArcLight Capital Partners | Private Equity Firm and Investor | Company | ArcLight is a leading infrastructure investor focusing on electric and gas transmission and storage infrastructure. |
| Elevate Renewables | Target Company | Company | Arclight's Fund VII portfolio company focused on utility scale battery storage development. |
| Joshua Rogol | Chief Executive Officer | Person | Newly appointed CEO of Elevate Renewables, previously President at Strata Clean Energy. |
| Strata Clean Energy | Former Employer of Joshua Rogol | Company | A significant player in domestic battery development, previously employed Joshua Rogol. |
| Eric Cherniss | Head of Development for ArcLight | Person | Previously President of Elevate Renewables, now promoted within Arclight. |
| Angelo Acconcia | Partner | Person | Partner at Arclight who commented on the partnership with the new CEO at Elevate. |
| James Sullivan | ArcLight Employee | Person | Commented on the potential of Elevate’s battery storage growth opportunities. |