Altus Power Announces Acquisition of Solar + Storage Project at Croton-Harmon Train Station

Westchester County Solar‑Plus‑Storage Project to Deliver Community Solar Benefits Across New York

STAMFORD, Conn.--(BUSINESS WIRE)--Altus Power, a leading commercial-scale power company, today announced the acquisition of a solar‑plus‑storage project from Arevon sited on the carport at the Croton‑Harmon Train Station in Westchester County, New York. The successful closing reflects Altus Power’s ability to identify and execute on opportunities that demand both technical expertise and transactional discipline, qualities that define the company’s growth strategy.

The project consists of approximately 4.2 MW of solar generation, integrated with a 15 MWh battery energy storage system. The project will deliver renewable power to a diverse set of customers including Columbia University, residential apartment buildings and a local medical center.

“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,” said 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,” said Lydia Li, Director of Investment at Arevon. “We view this transaction as a template for future opportunities and look forward to building our relationship with the Altus team.”

The acquisition reflects Altus Power’s strategy of expanding its portfolio with high-quality assets that combine distributed solar generation with storage to enhance resiliency and maximize value for customers and the grid.

Altus Power continues to expand its presence across the Empire State, where it now owns and operates more than 80 projects totaling approximately 266 MW. To date, the company has invested hundreds of millions of dollars in New York, underscoring its long‑term commitment to delivering dependable, cost‑effective clean energy while serving as a trusted partner to local communities, customers and policymakers.

About Altus Power

Altus Power is a leading commercial-scale power company, delivering reliable, cost-effective solar electricity across 30 states and the District of Columbia. With more than 1.3 GW of solar generation assets, Altus Power owns and operates a robust network that serves Fortune 1000 companies, municipalities, schools and households. As a portfolio company of TPG Rise Climate Transition Infrastructure, Altus Power leverages this strategic partnership to scale operations and expand access to affordable, locally-sourced renewable power nationwide. By combining deep market expertise with innovative financing, Altus Power sets the standard for commercial-scale power generation while stabilizing electricity costs and driving the transition to a cleaner, brighter future.