PVTIME – US utility-scale battery storage developer and operator Jupiter Power has completed four financing transactions totalling $1.4 billion. These transactions will support a portfolio of ten standalone battery energy storage projects with a combined capacity of 1.5GW/3.6GWh, located across Texas and Michigan.
Picture: Jupiter Power
The financing package, which was finalised between April and July 2026, comprises senior secured project debt, tax equity bridge loans, and investment-grade private placement debt. The largest single tranche is a $536 million senior secured facility.
These transactions bring the total funding received by Jupiter Power since its foundation in 2017 to over $3 billion, reflecting sustained demand from institutional investors for the company’s unique storage platform. Operating as part of BlackRock’s diversified infrastructure business, Jupiter Power has established itself as one of the largest participants in the ERCOT market and continues to expand across multiple US regional grids.
The funded portfolio reinforces Jupiter Power’s strategy of deploying standalone battery storage at strategic grid locations to maximise market revenues rather than relying solely on long-term offtake contracts. Jupiter Power currently has 2,575MWh of battery energy storage systems in operation or under deployment across the United States, and has a development pipeline targeting 12GW of future projects.
