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.
The new 200MW/200MWh facility in Crane County achieved commercial operations and is one of the largest battery energy storage projects in ERCOT.
Jupiter Power announced the closing of a $174.6 million portfolio debt financing for six battery energy storage projects in the ERCOT market in Texas.
Jupiter Power announced that its Flower Valley II, a battery energy storage facility located in Reeves County, Texas, has commenced commercial operations.
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