FIC Partners Management acquires Perfect Power
The deal gives the sponsor a large-scale battery storage and solar platform anchored by the 1.15-gigawatt Jaguar Energy Center across 4,500 acres in the Texas ERCOT market.
Takeaways
- Perfect Power is a battery energy storage and solar platform.
- FIC Partners Management is acquiring Perfect Power.
- The target serves electric utilities, industrial, and data center customers across Texas.
FIC Partners Management has acquired Perfect Power LLC, a developer and operator of utility-scale battery energy storage and solar generation assets in the Texas ERCOT market.
The acquisition includes the Jaguar Energy Center, a grid-connected platform with up to 1.15 gigawatts of planned battery storage and solar capacity across approximately 4,500 acres.
Founded in 2021, Perfect Power develops, owns, and operates energy infrastructure focused on the evolving U.S. electric grid, serving electric utilities, industrial customers, and data center operators.
The investment establishes a platform for FIC in one of the country's most active power markets, where rising population, industrial growth, and data center expansion are driving demand for new generation capacity.
The deal fits FIC's strategy of acquiring infrastructure assets with both operating projects and development pipelines, providing exposure to the ERCOT market's accelerating generation buildout.
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