new hires

Houston energy financial firm names new execs

Jason Kivett and Robyn Underwood join Houston-based energy finance firm Pickering Energy Partners. Photo courtesy of PEP

A firm focused on financial services within the energy sector has named two former Barclays investment bankers to its team.

Pickering Energy Partners announced that Jason Kivett and Robyn Underwood will join PEP to lead its traditional Energy Investment Banking Practice as managing directors. The team Kivett and Underwood join focuses on traditional oil and gas and will partner with the existing Renewables and Energy Transition advisory team, per a news release.

"Our clients turn to us for our dedication to the energy sector, and our ability to get deals done," Dan Pickering, chief investment officer of Pickering Energy Partners, says in a news release. “As the industry seeks more innovative financial solutions than ever before, our team is ready to support that demand."

With the expansion of this team, PEP has more than doubled its M&A advisory and capital raising team and its advisers worked on over $100 billion in transactions across corporate mergers, acquisitions, and more.

PEP also announced that Osmar Abib has joined the PEP Advisory Board. He worked over two decades with Credit Suisse and served most recently as the chairman of the Global Energy Group based in Houston and New York.

Another addition to the firm’s expanding investment banking platform, Osmar Abib joins the PEP Advisory Board. Abib provides rich market insights based on his experience as the former Global Head of Energy Investment Banking for Credit Suisse.

“Experience matters and we appreciate the deeply rooted relationships our new team members have developed over their careers,” Walker Moody, president of Pickering Energy Partners, adds in the release. “The PEP Investment Banking team knows energy, and they understand operators. We continue to play offense and bring on talented, experienced professionals to benefit our clients.”

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A View From HETI

Jupiter Power's Houston facility went online earlier this year. Photo courtesy of jupiterpower.io

Austin-based developer and operator of utility-scale battery energy storage systems Jupiter Power has announced the successful closing of a $225 million corporate credit facility.

The transaction strengthens Jupiter Power’s U.S. portfolio, which includes one of the nation’s largest energy storage development pipelines, totaling over 12,000 megawatts. Jupiter Power, which also has offices in Houston, began commercial operations with the launch of its 400-megawatt-hour battery facility, Callisto I, in central Houston in August of 2024.

"Securing this corporate credit facility highlights the market's recognition of Jupiter Power as a leader in advancing large-scale energy storage solutions, as evidenced by our 2,575 megawatt hours of battery energy storage systems already in operation or construction," Jupiter Power CFO Jesse Campbell says in a news release. “This funding enhances our ability to advance projects across our pipeline in markets where energy storage is needed most. We greatly appreciate the support of our banking partners in this transaction.”

The $225 million in total revolving credit facilities will include up to $175 million in letters of credit and $50 million in revolving loans. Leading on the lender side includes Barclays Bank PLC, HSBC Bank USA, and Sumitomo Mitsui Banking Corp.

“HSBC is proud to support Jupiter Power with their credit facility as they continue to expand and accelerate the development of their energy storage projects across the United States,” Paul Snow, head of renewables - Americas at HSBC adds. “HSBC’s inaugural facility with Jupiter Power not only reinforces our commitment to financing premiere clean energy projects, but complements our ambition to deliver a net zero global economy.”

The Houston project is the first in the area, and Jupiter Power's ninth to deliver energy storage to ERCOT, which brings its total ERCOT fleet to 1,375-megawatt-hour capacity.

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