Jupiter Power Secures $1.4 Billion in Financing for Ten U.S. Battery Storage Projects
Jupiter Power has secured $1.4 billion in financing across four transactions to support ten utility-scale battery energy storage system (BESS) projects located in Texas and Michigan, with a combined capacity of 1.6GW/3.6GWh. The funding includes senior secured project debt, tax equity bridge loans, and private placements, bringing the company’s total raised since inception over $3 billion. The largest single financing was completed in July for $536 million to support three Texas projects: Tidwell Prairie II, Bee Branch, and Barton Branch. Additional transactions include a $281 million note issuance secured by operating assets, as well as financings of $294 million and $258 million for Michigan and Texas-based portfolios. Jupiter Power currently has 5.6GW/19.7GWh in projects under development or operation across the U.S., with an additional 23GW in its pipeline, reflecting strong growth and execution capabilities.
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