BlackRock Diversified Infrastructure Acquires Jupiter Power

November 15, 2022

BlackRock Alternatives’ Diversified Infrastructure business agreed to acquire Jupiter Power LLC, a U.S. developer and operator of stand-alone utility-scale battery energy storage systems. EnCap Energy Transition Fund I, along with co-investment partners Yorktown Partners and Mercuria Energy, are selling Jupiter, with closing expected in late 2022 subject to customary conditions.

Buyers
BlackRock Alternatives (Diversified Infrastructure business, part of BlackRock Alternatives)
Targets
Jupiter Power LLC
Sellers
EnCap Energy Transition Fund I, Yorktown Partners, Mercuria Energy
Industry
Energy
Location
Texas, United States
Transaction Type
Buyout

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