Jupiter Power closes $65.2 million financing for battery energy storage

By Marisa Wong

Los Angeles, Dec. 19 – Jupiter Power LLC announced it closed on $65.2 million of financing with First Citizens Bank’s energy finance business.

The financing will be used for construction of a 200 megawatt / 400 megawatt-hour battery energy storage system in Houston, according to a press release.

In addition to this financing, First Citizens energy finance acted as coordinating lead arranger on a previous transaction with Jupiter Power for a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas.

Jupiter Power is an energy storage infrastructure company based in Austin, Tex., and Chicago.

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