Energy Storage News•26 days ago
Jupiter Power closes US$500 million corporate credit facility to support US BESS projects
Key Takeaway
This significant financing underscores robust investor confidence in the US BESS market, paving the way for accelerated deployment of critical grid-scale storage infrastructure.
AI Summary
- •Jupiter Power secured a substantial US$500 million senior secured green revolving loan and letter of credit facility, indicating strong financial backing for large-scale BESS development across the US.
- •This significant financing enables a leading BESS developer-operator to accelerate its project pipeline, contributing to increased grid-scale storage capacity and enhanced grid reliability for all market participants.
- •The 'green' nature of the loan highlights a growing trend in sustainable financing, potentially offering a blueprint for other developers seeking capital for energy transition projects and aligning with ESG mandates.
- •For large power consumers and IPPs, this signals continued expansion of BESS resources, which can impact energy pricing, ancillary service availability, and create new opportunities for storage-backed PPAs.
Topics
financingpolicyppastorage
Article Content
US battery energy storage system (BESS) developer-operator Jupiter Power has closed a US$500 million senior secured green revolving loan and letter of credit facility to support the advancement of its project pipeline across the US.