Four financings totaling $1.4 billion support ten Jupiter Power BESS projects in Texas and Michigan, 1,500 MW / 3,600 MWh in all, through senior secured project debt, tax equity bridge loans and an investment-grade US private placement. Closed between April and July 2026, they take the company's financings since inception past $3 billion.
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Jupiter Power LLC, an Austin, Texas-based stand-alone battery storage developer, has closed $1.4 billion of financing in four transactions for ten utility-scale BESS projects in Texas and Michigan, 1,500 MW / 3,600 MWh in all. The deals, closed between April and July 2026, comprise senior secured project debt, tax equity bridge loans and an investment-grade US private placement. They take the company's financings since inception past $3 billion.
Founded in 2017, Jupiter Power has 5.6 GW / 19.7 GWh of projects operating, in construction or under contract, and a further 23 GW in development across the major US power markets. It has offices in Austin and Houston, Texas, and Chicago, Illinois.
The largest of the four, closed in July, is a $536 million senior secured facility made up of a construction term loan, a tax equity bridge loan and letter of credit facilities. It will finance construction of Tidwell Prairie II, Bee Branch and Barton Branch in Texas, with HSBC Bank US, N.A. and SMBC as lenders. In June the company placed $281 million of senior secured notes with a letter of credit facility under a US private placement rated BBB- by Kroll Bond Rating Agency (KBRA). The notes are secured on three operating plants, Tidwell Prairie I and St. Gall II in Texas and Tibbits in Michigan. AB CarVal and Nuveen bought the notes, with Barclays and HSBC Securities INC as placement agents.
In May a $294 million package of a construction term loan, a tax equity bridge loan and letter of credit facilities was closed for Grand Basin and Voyager I, a two-project portfolio in Michigan interconnected within the MISO market. ING Capital and Societe Generale were the lenders. In April the company closed a $258 million senior secured facility, again a construction term loan, a tax equity bridge loan and letter of credit facilities, for Callisto II and Pamela Heights I in Harris County, Texas. Societe Generale and MUFG were the coordinating lead arrangers.
"These financings are collectively a testament to the depth and diversity of our capital markets relationships and our execution capabilities," said Jesse Campbell, Chief Financial Officer at Jupiter Power. "With strong, steady growth and a deep project pipeline, Jupiter is building one of the most robust energy storage platforms in the country."
"HSBC is pleased to support Jupiter Power's growth, including as a lender on its recent project financing and as a placement agent on its inaugural private placement," said Paul Snow, Head of Renewables, Americas at HSBC. "We value our ongoing relationship, and the role energy storage can play in supporting grid resilience."