Jupiter Power secures $225 million credit facility to boost 12,000 MW energy storage pipeline

Jupiter Power has closed a $225 million corporate credit facility to expand its energy storage portfolio across the United States. 

The facility includes up to $175 million in letters of credit and $50 million in revolving loans. 

Coordinated by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, this financing will support Jupiter Power’s 12,000 MW development pipeline. Kirkland & Ellis acted as counsel for Jupiter Power, while Latham & Watkins represented the lenders. 

Jupiter Power, an independent power producer with expertise in trading, development, and advanced dispatch optimization technology, continues to grow large-scale storage projects from California to Maine.