Jupiter Power secures $286 million construction financing to advance two utility-scale battery energy storage projects
Type: Financing · Technology: Storage · Country: United States · Capacity: 300 MW · Value: $286M · Announced: 2025-03-18
Jupiter Power LLC closed $286 million in project financing (construction loans, tax equity bridge loans and a letter of credit facility) arranged by Barclays Bank PLC and HSBC Bank USA to build two standalone BESS projects — Tibbits in Michigan and Tidwell Prairie in Texas — totaling 300 MW / 800 MWh, with commercial operations expected later in 2025.
Counterparties
- HSBC Bank USA (Lender)
- Barclays Bank PLC (Lender)
- Jupiter Power LLC (Borrower|Developer)
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