Articles and Press Releases

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 […]

AUSTIN, Texas, Feb. 9, 2024 /PRNewswire/ — Jupiter Power LLC (“Jupiter Power”), a leading developer and operator of grid scale energy storage, is pleased to announce the appointment of Jesse Campbell as its new Chief Financial Officer (CFO). Jesse brings a wealth of experience in financial management and executive leadership, making him a valuable addition […]

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 […]

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 […]

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 […]

Austin, TX – August 19, 2024 – Jupiter Power LLC (“Jupiter Power”) announced today the achievement of commercial operations of 400MWh of dispatchable power to the ERCOT grid from its Callisto I battery energy storage facility in Houston, Texas. This new facility, which will significantly increase Houston’s supply of reliable, zero emissions power as it […]

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