Relevate Power Secures $15 Million Initial Investment from Greenbacker Capital Management and an affiliate of Aegon Asset Management
AEGAegon(AEG) GlobeNewswire News Room·2024-06-20 21:00

MANHATTAN, N.Y., June 20, 2024 (GLOBE NEWSWIRE) -- Relevate Power, a leader in the redevelopment of run-of-river hydropower assets, secured a $15 million investment in the first close of a significant growth equity raise. Led by Greenbacker Development Opportunities Fund (“Greenbacker”) and Aegon Real Assets US, an affiliate of Aegon Asset Management, the initial close will support plans for an acquisition and construction of Relevate Power’s national operations center. Approximately 2,300 power-generating ...