Jupiter Power has announced the successful closing of a $225 million corporate credit facility. This funding will further enhance Jupiter Power’s capacity to expand its extensive energy storage portfolio in US, which includes a development pipeline exceeding 12,000 MW.
Furthermore, the $225 million credit facility comprises up to $175 million in letters of credit and $50 million in revolving loans. The transaction was led by Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corporation, acting as Coordinating Lead Arrangers. Kirkland & Ellis served as the borrower’s counsel, while Latham & Watkins represented the lenders.
Jupiter Power is a prominent independent power producer specialising in energy storage, with strong expertise across trading, analytics, development, finance, operations, and construction. The company holds a unique advantage with its advanced dispatch optimisation technology. Jupiter Power is actively developing around 12,000 MW of large-scale energy storage projects across US , from California to Maine.
