ENERGY STORAGE

Jupiter Power to build $500m US BESS near Mystic River

June 19, 2024

Jupiter Power is to build a $500 million battery energy storage system on a 20-acre site at the location of the former Exxon tank farm in Everett in the US state of Massachusetts.

The 700MW Trimount Energy Storage Facility – which will be situated near the Mystic River – will be capable of providing backup power for around 500,000 homes.

Jupiter, which is owned by BlackRock, will commence state and local permitting reviews later this year.

Texas-headquartered Jupiter Power has a pipeline of 11GW of energy storage projects in active development.