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Jupiter Power Closes $174.6 Million Portfolio Debt Financing On Six Texas Battery Energy Storage Projects

PRIVATEApr 19, 2022

Round Type

Debt Financing

AustinEnergySustainabilityNatural Resources

Description

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 Energy.

Company Information

Company

Jupiter Power

Location

Austin, Texas, United States

About

Jupiter Power is putting deep energy storage expertise, proven project execution capability, and significant capital to work to help make the energy transition a reality. Jupiter is backed by BlackRock’s Diversified Infrastructure business. Together, we are capitalized to build, own, operate and trade products from our portfolio of energy storage assets. Jupiter’s fleet of assets in operation or construction includes the largest energy storage fleet in Texas and one of the largest development pipelines in the country – totaling over 11,000 megawatts.

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Strategic

ML-powered predictions for Jupiter Power's next move

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Jupiter Power raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.