Relevate Acquires Gravity Renewables, Doubling Sustainable Baseload Power Capacity and Strengthening Industry Leadership

MANHATTAN, N.Y., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Relevate Power (“Relevate”), a leader in the redevelopment of run-of-river hydropower assets, announced its acquisition of Gravity Renewables, with financing provided by funds managed by Apollo (NYSE: APO). The acquisition adds 40 MW of high-quality assets to Relevate Power’s portfolio, more than doubling the company’s power generation capacity and bringing on board an experienced operating team. This acquisition strengthens Relevate Power’s footprint in th ...