Energy Storage News•3 months ago
Jupiter Power closes US$500 million corporate credit facility to support US BESS projects
- •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.
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