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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EnCap Investments sells Jupiter Power to BlackRock

• The transaction marks the second exit for EnCap Energy Transition Fund I • Jupiter Power operates the largest battery storage fleet in Texas with proprietary dispatch optimization • Jupiter Power’s experienced management team has grown its project pipeline to over 11,000 megawatts by leveraging unique greenfield development strategies and expertise ‍ HOUSTON, TEXAS — […]

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Jupiter Power and Energy Vault sign Letter of Intent to secure 2.4GWh of Domestic-Content-Qualified Battery Energy Storage Systems

AUSTIN, Texas, LUGANO, Switzerland & WESTLAKE VILLAGE, Calif. — September 28, 2022 — Jupiter Power LLC (“Jupiter Power” or “Jupiter”), the leading United States developer and operator of utility-scale, battery energy storage systems(“BESS”), today announced the execution of an agreement with Energy Vault Holdings Inc. (NYSE:NRGV) (“Energy Vault”), a leader in sustainable, grid-scale energy storage […]

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Energy Vault and Jupiter Power Announce Agreement for Battery Energy Storage Projects in Texas and California Totaling 220 MWh

Energy Vault will supply a 100 MW (200 MWh) battery energy storage system at a Jupiter Power Facility near Fort Stockton, Texas, which will provide energy and ancillary services to ERCOT. Energy Vault will additionally construct and commission a 10 MW (20 MWh) battery energy storage system for Jupiter Power in Carpinteria, California, which will […]

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Start-up of battery storage facility boosts grid during heat wave

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Jupiter Power announces commercial operations of its 200MW Crossett facility, expanding its portfolio to over 320MW of battery energy storage

· New 200MW/200MWh facility in Crane County achieved commercial operations and is one of the largest battery energy storage projects in ERCOT · Jupiter Power’s total dispatchable energy storage capacity is now over 450MWh, and the company has another 200MWh project in late-stage commissioning and over 500MWh of projects in late stages of development · […]

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

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