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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