Articles and Press Releases

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 […]

• 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 — […]

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, 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, 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 […]

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 […]

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