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First Citizens Bank Provides $65.2 Million to Jupiter Power for Standalone Battery Energy Storage Project Financing

New York, NY and Austin, TX — Dec. 19, 2023 — First Citizens Bank and Jupiter Power LLC (“Jupiter Power”) today announced that First Citizens Bank’s Energy Finance business and Jupiter Power have closed on $65.2 million in financing for construction of a 200-megawatt (MW) / 400 megawatt-hour (MWh) battery energy storage system in Houston, Texas. Based in […]

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Texas remains a solar and storage hotspot, but transmission gaps could hamper growth

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200MWh BESS in Texas begins commercial operations

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Jupiter Power Announces 652 Megawatt Hours of Battery Storage Projects

Utility-scale energy storage company Jupiter Power LLC (“Jupiter”) today announced it will build six stand-alone, utility-scale battery storage projects this year, totaling 652 megawatt-hours of energy storage capacity. The projects consist of three 200-megawatt-hour projects and three smaller projects, each strategically sited and configured at optimized locations. The projects are all expected to be online by Q3 […]

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