First Citizens Bank today announced that its Energy Finance group, part of the CIT division, served as the Coordinating Lead Arranger on a $70.4 million construction and term loan financing facility for two standalone battery energy storage projects in Texas, totaling 160 megawatts (MW) / 320 megawatt-hours (MWh).
Jupiter Power LLC and Hatch EQ I LLC have announced the execution of an innovative energy storage tolling agreement.
EnCap Investments L.P. today announced that BlackRock Alternatives, has agreed to acquire Jupiter Power LLC, a leading U.S. operator and developer of stand-alone, utility-scale battery energy storage systems.
Jupiter Power and Energy Vault are committed to supporting U.S. based manufacturing for use in Jupiter’s BESS projects across the United States electric markets.
Energy Vault will additionally construct and commission a 10 MW (20 MWh) battery energy storage system for Jupiter Power in Carpinteria, California, which will participate in the CAISO Resource Adequacy program and provide resiliency to California.
Read the full story by featured in the Midland Reporter-Telegram here.
Read the full story featured in PV Magazine here.
Read the full story by featured in the Midland Reporter-Telegraph here.