BlackRock to acquire Jupiter Power from EnCap Investments.

BlackRock, an American multi-national investment company, agreed to acquire Jupiter Power, an energy infrastructure company focused on the development, ownership, and optimization of energy storage resources, from EnCap Investments, a provider of growth capital to independent energy companies. Financial terms were not disclosed. “Acquisition of Jupiter’s uniquely capable energy storage platform by BlackRock’s Diversified Infrastructure business is another sign that energy storage is maturing into an important new player in the electricity business with a critical role to play. Our team has special insight into the many useful things storage can do because of our deep prior experience with renewable energy projects, and we are proud to help lead the way now to the next generation of utility scale energy storage systems," Andy Bowman, Jupiter Power CEO.