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Jupiter Power and Denton Municipal Electric Announce Power Purchase Agreement for 100 MW of Battery Storage

Denton, Texas — October 22, 2025 — Jupiter Power LLC (“Jupiter Power”) and Denton Municipal Electric (“DME”) announced a long-term power purchase agreement (PPA) for 100 megawatts (MW) of battery storage capacity at Jupiter Power’s Tidwell Prairie II project in North Texas. The 10-year contract was approved by Denton City Council this fall.   The Tidwell Prairie II […]

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Jupiter Power, Consumers Energy Celebrate Michigan’s First Operational Utility-Scale Battery Energy Storage System

Coldwater Township, MI — September 18, 2025 — On Wednesday, Jupiter Power LLC (“Jupiter Power”) and Consumers Energy hosted a ribbon-cutting ceremony celebrating the successful commercial operations of the Tibbits Energy Storage Facility, the first-of-its-size operational battery energy storage system in Michigan. The 100 MW, four-hour duration facility, located in Coldwater Township, will help meet the […]

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Jupiter Power Secures $286 Million Construction Financing to Advance Two Utility-Scale Battery Energy Storage Projects

The two projects, totaling 300 MW/800 MWh, are expected to commence commercial operations later this year.

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Jupiter Power Secures $225 Million Corporate Credit Facility

AUSTIN, TX — October 31, 2024 — Jupiter Power LLC (“Jupiter Power”), a leading developer and operator of utility-scale battery energy storage systems, announced today the successful close of a $225 million corporate credit facility. The transaction strengthens Jupiter Power’s ability to advance its expanding U.S. portfolio, which includes one of the nation’s largest energy storage […]

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First Citizens Bank Serves as Lead Arranger on $70.4 Million in Financing for Two Texas Battery Storage Projects

NEW YORK — July 17, 2023 — First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas, totaling 160 megawatts (MW) / 320 megawatt-hours (MWh). BankUnited, N.A. and […]

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Hatch EQ I LLC and Jupiter Sign Largest Energy Storage Tolling Agreement in Texas

AUSTIN, Texas — (BUSINESS WIRE) — Jupiter Power LLC (“Jupiter” or “Jupiter Power”)Hatch EQ I LLC (“Hatch EQ”) have announced the execution of an innovative energy storage tolling agreement. Hatch EQ is a previously announced pioneering partnership between Hatch Renewables LLC (“Hatch”), backed by Ridgemont Equity Partners, and Equilibrium Energy, Inc (“Equilibrium”), a venture-backed startup. Jupiter Power is a leading stand-alone energy storage developer, owner and operator with more […]

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Jupiter Power closes $174.6 Million Portfolio Debt Financing on Six Texas Battery Energy Storage Projects

AUSTIN – Jupiter Power LLC (“Jupiter”), a leading developer and operator of utility-scale, battery energy storage systems, today announced the closing of a $174.6 million portfolio debt financing for six battery energy storage projects in the ERCOT market in Texas. KeyBank National Association(“KeyBank”) provided the financing. Jupiter is backed by EnCap Investments L.P., Yorktown Partners, and Mercuria […]

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