Austin’s local energy storage company, Jupiter Power LLC, has recently garnered a massive financial boost with a $70.4 million deal secured for two standalone battery energy storage projects in the heart of Texas. This financial deal, involving partnerships with First Citizens Bank, BankUnited NA, and Siemens Financial Services, signifies a huge step forward for the energy sector in Central Texas.
These unfolding projects, cumulatively expected to comprise an astounding capacity of 160 megawatts, will enhance Jupiter Power’s existing portfolio, which already includes more than 11,000 megawatts of new projects in development across the nation. It’s clear that this energy storage company is not just a local hero but a national leader in innovative energy developments.
Jupiter Power CEO, Andy Bowman poignantly announced the impact of these projects – “Energy storage has become increasingly important for strengthening grid reliability and for matching the ever-growing demand for firm power originating from the energy transition.”
As of current, the locations for these exciting battery projects remain undisclosed yet highly anticipated. Here at Yee-Haw Development Marketing Group, we eagerly await further developments and are thrilled at the prospects of what these advancements could contribute to our fast-growing Central Texas community. For the full story, follow this [link](https://www.recenter.tamu.edu/news/newstalk-texas/?Item=29511) to the original article.