Latham Advises on Jupiter Power’s US$500 Million Upsized Corporate Credit Facility

Jupiter Power LLC, a leading developer and operator of utility-scale battery energy storage systems, has closed a US$500 million Senior Secured Green Revolving Loan and Letter of Credit Facility (the facility), upsizing the company’s existing US$225 million facility originally closed in September 2024. The facility provides flexible capital available for borrowings or the issuance of letters of credit to support the rapid advancement of Jupiter’s project pipeline across the United States.

Latham & Watkins LLP represented the lenders in the transaction with a project finance team led by New York partner Warren Lilien, with associates Sungjoo Ahn and Catherine Willis. A separate Latham team representing the agents was led by San Diego counsel Sosi Biricik, with assistance from Winnie Lu.