Jupiter Power and Energy Vault Holdings have signed an agreement to secure 2.4 GWh of supply chain equipment and services for integration into Jupiter Power's battery energy storage projects through Energy Vault's hardware and software management platform.
Energy Vault will maximize the U.S. localization and deployment of the energy storage equipment so the products qualify for the Inflation Reduction Act's Domestic Content Bonus Credit.
Jupiter Power will site its new manufacturing facilities in the U.S. in “Energy Communities” locations, which are prioritized for investment by the Inflation Reduction Act. These include brownfield coal sites and economically-disadvantaged areas.
The new agreement has been signed following previously announced agreements between Jupiter Power and Energy Vault for BESS projects totalling 220 MWh in Texas and California.
Energy Vault will provide a 100 MW/200 MWh battery energy storage system for the Jupiter Power Facility near Fort Stockton, Texas. It will build a 10 MW/20 MWh BESS for Jupiter Power in Carpinteria, California.
The firms will support local manufacturing for use at Jupiter Power’s BESS projects across electric markets, including ERCOT, MISO, CAISO, PJM, NYISO, and ISO-NE. These projects are expected to reach commercial operation in 2024 and 2025.
"Due to our team's hard work developing new energy storage projects from California to Maine over the last several years, Jupiter is uniquely positioned to lead now in making the Inflation Reduction Act's vision of large-scale domestic battery systems manufacturing jobs a reality," said Andy Bowman, Jupiter Power's CEO. "We are very pleased to be expanding our relationship with Energy Vault to grow our supply of the equipment the grid critically needs today while also supporting sustainable battery equipment manufacturing here at home."
Earlier this year, Jupiter Power announced that its Crossett Power Management BESS facility located in Crane County, Texas, has commenced commercial operations. Crossett, a 200-MW facility with 200-MWh of duration, is Jupiter's second transmission-connected project to begin operations, demonstrating Jupiter's continued commitment to the ERCOT market and representing a significant investment in Crane County.
Crossett joined Flower Valley II, a 100MW/200MWh transmission connected facility currently operating in Reeves County, Texas, and three distribution connected facilities, positioning Jupiter Power as the largest developer and operator of battery energy storage projects by total duration on the ERCOT grid.
