Jupiter Power Secures $500M Green Loan for U.S. Battery Storage Expansion
Jupiter Power has secured a $500 million green loan to expand its battery energy storage projects across the U.S., increasing its previous loan facility from $225 million. The funding will support the development of utility-scale battery energy storage systems nationwide, with Jupiter Power currently managing nearly 8,000 megawatt-hours of projects under construction and a pipeline exceeding 12 gigawatts. The loan was arranged by a consortium of banks including Barclays, HSBC, ING Capital, SMBC, and Société Générale.
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Jupiter Power has secured a $500 million green loan facility to expand its battery energy storage projects across the U.S. This upsized senior secured revolving loan increases the company's previous $225 million facility, closed in September 2024.
The loan supports the advancement of Jupiter Power's project pipeline, allowing for new utility-scale battery energy storage system projects nationwide. The facility was arranged by Barclays Bank, HSBC Bank USA, ING Capital, SMBC, and Société Générale. Jupiter Power currently has nearly 8,000 megawatt-hours of battery energy storage projects under construction or contracted, with a development pipeline exceeding 12 gigawatts across the U.S., from California to Maine.
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