Funding and M&A Roundup: Blackrock Acquires Energy Storage Developer Jupiter Power
ABB e-mobility signs a pre-IPO private placement of $209 million
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Through a fund managed by its Diversified Infrastructure business, BlackRock Alternatives has agreed to acquire Jupiter Power, an operator, and developer of stand-alone utility-scale battery energy storage systems, for an undisclosed amount. EnCap Energy Transition Fund I and co-investment partners Yorktown Partners and Mercuria Energy are selling Jupiter, and the transaction is expected to close in late 2022.
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Arjun Pradeep
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