Storage Developer Closes $174.6 Million Portfolio Debt Financing On Six Texas Battery Energy Storage Projects
April 19, 2022 Email This Story Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • email@example.com
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Jupiter Power LLC ("Jupiter"), a developer and operator of utility-scale, battery energy storage systems, 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 Energy.
The six projects included in the financing are all stand-alone, front-of-meter battery energy storage systems, "and are supported by Jupiter's optimization strategies to maximize revenues," the company said
Four of the battery energy storage projects are operating, including the recently announced Flower Valley II 200MWh project.
The remaining two projects, each 200MWh, are currently in commissioning.
"At over 650MWh, Jupiter has the leading stand-alone energy storage portfolio in ERCOT," the company said