Jupiter Power
Jupiter Power is a privately held utility-scale battery energy storage independent power producer, founded in 2017 and based in Austin, Texas, that develops, owns, and operates grid-scale BESS assets across all eight US RTOs/ISOs for utility and corporate offtakers under long-term PPAs, tolling agreements, and merchant market participation.
- Company typePrivate
- Founded2017
- HeadquartersAustin, United States
- Headcount101–250
- GTM typeB2B
- OfferingServices
What Jupiter Power does
Jupiter Power is a privately held utility-scale battery energy storage system (BESS) independent power producer founded in 2017 and headquartered in Austin, Texas. The company develops, owns, and operates grid-scale storage assets across all eight major US RTOs/ISOs, with nearly 8,000 MWh in operating, under-construction, and contracted projects and a development pipeline exceeding 12 GW. Jupiter Power has been a portfolio company of BlackRock's Diversified Infrastructure business since November 2022 and reports more than $3B of cumulative capital deployed.
The company's core product is utility-scale battery storage assets that participate in energy, ancillary services, and capacity markets across multiple grid operators. Its technology stack includes proprietary AI/ML-based dispatch optimization software, a 24/7 in-house trading desk, and real-time market data infrastructure spanning ERCOT, MISO, CAISO, PJM, NYISO, ISO-NE, SPP, and WECC. Jupiter Power has signaled further technology diversification through a partnership with Peak Energy to deploy up to 4.75 GWh of sodium-ion batteries, described as the largest planned sodium-ion deployment globally.
Jupiter Power generates revenue through long-term fixed-price power purchase agreements (PPAs) with utilities and corporate offtakers, tolling agreements that monetize dispatch flexibility, and merchant market participation across multiple ISOs. Its customer base spans municipal utilities (Austin Energy, Denton Municipal Electric), investor-owned utilities (Consumers Energy, Xcel Energy), and co-ops. The company is led by founder and CEO Andy Bowman, supported by a management team that includes veterans of early utility-scale wind, solar, and storage project development.
Jupiter Power firmographics
Firmographics- Name
- Jupiter Power
- Legal name
- Jupiter Power LLC
- Website
- https://jupiterpower.io
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Jupiter Power is a privately held utility-scale battery energy storage independent power producer, founded in 2017 and based in Austin, Texas, that develops, owns, and operates grid-scale BESS assets across all eight US RTOs/ISOs for utility and corporate offtakers under long-term PPAs, tolling agreements, and merchant market participation.
- Ownership category
- akta.pro rank
Jupiter Power industry classification
Industry- Product category
- Utility-Scale Battery Energy Storage
- NAICS
- Electric Power Generation, Transmission and Distribution (2211)
- SIC
- Electric Services (4911), Cogeneration Services & Small Power Producers (4991)
- akta.pro primary industry
- Utility-Scale BESS Project Development & Ownership (IPP/Developer) (EUAFAAAA)
- akta.pro secondary industries
- BESS Operations, Maintenance & Asset Performance Management (APM) (EUAFAAAG), BESS Financing, Insurance & Contracting (Tax Equity, PPA/Tolling, Warranties) (EUAFAAAI), Utility-Scale Power Generation Asset Management (EUAEAMAA)
Keywords
Where Jupiter Power is headquartered
LocationHeadquarters
- HQ city
- Austin
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Jupiter Power business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain
Revenue model
- Power Purchase Agreements (PPAs): Long-term contracts with utilities and municipal electric providers for battery storage capacity. Examples include agreements with Austin Energy ($288M, 20-year), Denton Municipal Electric (100 MW, 10-year), and Consumers Energy (20-year for Tibbits project). Revenue is contracted and provides predictable cash flows.
- Tolling Agreements: Third parties provide fixed multi-year revenue streams in exchange for dispatch rights and market revenues from Jupiter's storage assets. Example: Hatch EQ I tolling agreement for Crossett I storage asset in West Texas.
- Merchant Market Participation: Jupiter participates in energy trading, capacity markets, and ancillary service markets. Projects optimize revenue through real-time and day-ahead market participation, leveraging proprietary forecasting and analytics capabilities.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels5 records
Jupiter Power product offering
Product offeringCore offering
Jupiter Power is an independent power producer that develops, owns, and operates utility-scale battery energy storage systems (BESS) across the United States, with nearly 8,000 MWh operating, under construction, or under contract and a development pipeline exceeding 20,000 MW. The company delivers dispatchable power to utilities and grid operators through long-term power purchase agreements, tolling agreements, and merchant market participation, leveraging proprietary AI/ML dispatch optimization and a 24/7 expert trading desk.
Product overview
Jupiter Power is a leading developer and operator of utility-scale battery energy storage systems (BESS) across the United States. The company operates an end-to-end BESS platform providing development, engineering, procurement, construction, and operations services for large-scale battery storage projects. Jupiter Power's portfolio includes projects like Tibbits (Michigan), Callisto I (Houston, Texas), Tidwell Prairie II (North Texas), Trimount (Massachusetts), Hayden (Colorado), and Sayreville (New Jersey), totaling nearly 8,000 MWh operating, under construction, or under contract with a development pipeline exceeding 20,000 MW. The company leverages proprietary AI and ML data science applications for dispatch optimization and market forecasting, supported by a 24/7 trading desk that participates in energy trading, capacity, and ancillary service markets across all major U.S. RTOs/ISOs including ERCOT, MISO, CAISO, PJM, NYISO, and ISO-NE. Backed by BlackRock's Diversified Infrastructure business, Jupiter Power maintains offices in Austin, Houston, and Chicago.
Differentiator
Problem solved
Functional benefit
Products and services
- Tibbits Energy Storage Facility A 100 MW, four-hour duration utility-scale battery energy storage facility located in Coldwater Township, Michigan. Michigan's first operational utility-scale battery storage system, contracted under a 20-year power purchase agreement with Consumers Energy.
Quantifiable outcome
- Nearly 8,000 MWh operating, under construction, or under contract with 12+ GW development pipeline
- +3 more outcomes
Companies that use Jupiter Power
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Jupiter Power technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability4 records
Feature4 records
Jupiter Power partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and major.
- Peak EnergycoreMulti-year agreement for Peak Energy to supply up to 4.75 GWh of sodium-ion batteries to Jupiter Power for grid-scale energy storage deployment between 2027 and 2030. Initial phase delivers approximately 720 MWh in 2027, with Jupiter reserving additional 4 GWh for 2028-2030. Represents largest planned sodium-ion battery deployment globally, emphasizing domestic manufacturing and cost advantages.
- Austin EnergycoreLong-term power purchase agreement for 100 MW of battery storage capacity at Jupiter's project, valued at $288 million over up to 20 years. Represents Austin Energy's largest battery storage initiative supporting goal of 125 MW battery storage by 2027.
- Denton Municipal Electricmajor10-year power purchase agreement for 100 MW of battery storage capacity at Tidwell Prairie II project in North Texas, approved by Denton City Council.
- Consumers EnergycoreLong-term 20-year power purchase agreement for Tibbits Energy Storage Facility (100 MW, 4-hour duration) in Coldwater Township, Michigan. Joint venture where Jupiter builds and operates, Consumers Energy purchases capacity. Project is Michigan's first operational utility-scale battery storage system.
- Energy VaultcoreEnergy Vault supplies equipment, engineering, procurement, construction, and energy management software for Jupiter Power battery storage projects including 200 MWh near Fort Stockton, Texas and 20 MWh in Carpinteria, California. Also signed LOI for 2.4 GWh of domestic-content-qualified BESS systems for 2024-2025 deployments.
- Hatch EQ I LLCmajorInnovative energy storage tolling agreement for Crossett I 100 MWh storage asset in West Texas. Hatch EQ provides fixed multi-year revenue stream in exchange for dispatch rights and market revenues. Partnership between Hatch Renewables and Equilibrium Energy.
Scale indicators8 records
Recent moves7 records
Expansion highlights5 records
Jupiter Power competitors and assessment
Company assessmentDirect peers
- Plus Power: Plus Power is a US independent developer, owner, and operator of utility-scale battery energy storage projects, with multi-GW operational and development pipelines. It is the most directly comparable pure-play BESS IPP peer to Jupiter.
- Key Capture Energy: Key Capture Energy develops, owns, and operates utility-scale battery energy storage projects across multiple US ISOs. It is a direct peer in scale, customer base (utilities/grid operators), and business model (PPAs, tolling, merchant).
- Arevon Energy: Arevon Energy (formerly sPower, owned by AIP) is a US-based developer and operator of utility-scale solar and battery energy storage projects. Overlapping in customer base, ISOs served, and contracted/merchant revenue mix.
- Terra-Gen: Terra-Gen develops, owns, and operates utility-scale wind, solar, and battery storage projects across the US. Directly comparable in business model, customer base, and development-pipeline approach.
Broad incumbents
- Vistra Corp: Vistra is one of the largest US competitive power generators and a major battery storage owner/operator (notably in ERCOT and PJM). Overlaps significantly with Jupiter in BESS ownership and merchant market participation but at much greater scale and portfolio breadth.
- NextEra Energy Resources: NextEra Energy Resources is the world's largest renewable energy generator with a multi-GW battery storage development pipeline. Competitor in utility RFPs and storage procurement at the largest scale.
- AES Clean Energy: AES Clean Energy is a major US utility-scale renewables and storage developer. Overlaps with Jupiter in serving utilities under long-term PPAs and in merchant market participation.
- EDF Renewables North America: EDF Renewables North America develops utility-scale wind, solar, and storage projects across the US, frequently competing against Jupiter in utility RFPs and interconnection queues.
- Clearway Energy: Clearway Energy owns and operates a portfolio of contracted renewable and storage assets across multiple US markets, with comparable long-term PPA structures and investor-owned utility customers.
Emerging players
- Fluence Energy: Fluence is a leading global BESS technology and integration provider that also participates in project development and asset management. It is a partial competitor and ecosystem partner (Jupiter's optimization stack is enabled partly by BESS integrators like Fluence).
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Jupiter Power social profiles
Digital presenceJupiter Power financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jupiter Power leadership team
Management profileNumber of profiles
Profiles6 records
Jupiter Power funding detail
Funding detailFunding overview
Funding rounds7 records
Investors7 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jupiter Power M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jupiter Power
What does Jupiter Power do?
Jupiter Power is an independent power producer that develops, owns, and operates utility-scale battery energy storage systems (BESS) across the United States, with nearly 8,000 MWh operating, under construction, or under contract and a development pipeline exceeding 20,000 MW. The company delivers dispatchable power to utilities and grid operators through long-term power purchase agreements, tolling agreements, and merchant market participation, leveraging proprietary AI/ML dispatch optimization and a 24/7 expert trading desk.
Is Jupiter Power a public or private company?
Jupiter Power is a private company. It is classified as private equity controlled and is currently operating.
When was Jupiter Power founded?
Jupiter Power was founded in 2017. It employs 101 to 250 people.
Where is Jupiter Power based?
Jupiter Power is headquartered in Austin, United States, in the North America region.
How does Jupiter Power make money?
Three revenue lines are on record. Power Purchase Agreements (PPAs) is the primary driver. The others are tolling Agreements and merchant Market Participation.
Who are Jupiter Power's main competitors?
Direct peers on record are Plus Power, Key Capture Energy, Arevon Energy and Terra-Gen. Broad incumbents are Vistra Corp, NextEra Energy Resources, AES Clean Energy, EDF Renewables North America and Clearway Energy. Fluence Energy is listed as an emerging player.
Does Jupiter Power have an API?
No public API is recorded for Jupiter Power.
What industry is Jupiter Power in?
Jupiter Power's product category is Utility-Scale Battery Energy Storage. Its primary akta.pro industry code is EUAFAAAA, Utility-Scale BESS Project Development & Ownership (IPP/Developer), with a secondary code of EUAFAAAG, BESS Operations, Maintenance & Asset Performance Management (APM). Its NAICS code is 2211 and its SIC code is 4911.