MCLENNAN COUNTY, TEXAS – (April 2, 2025) – Perfect Power, LLC, a
leading developer of clean power assets formed by SER Capital
Partners, announced it has achieved mechanical completion on Phase I
of its Jaguar Battery Energy Storage System (Jaguar BESS) in Waco,
Texas. Jaguar BESS will provide critical electricity storage services
to Texas customers while strengthening the state’s energy
infrastructure with more reliable and sustainable electricity
resources in McLennan County.
"Achieving Mechanical Completion on the Jaguar Project marks a major
milestone in our mission to deliver reliable, clean energy to Texas.
This accomplishment reflects the dedication and collaboration of the
entire Perfect Power team, and of our partners contributing to this
world-class project. We are grateful for their expertise and
commitment as we move toward commercial operations” said Anthony
Maselli, Chief Executive Officer of Perfect Power.
Jaguar BESS consists of two 150 MW / 340 MWh energy storage facilities
expected to begin operations in 2025. By storing electricity to
deliver at peak demand periods, Jaguar BESS will be capable of
delivering up to 680 MWHs of electricity, enough to power the
equivalent of 100,000 homes without any direct operating emissions.
Perfect Power secured over $270 million in construction and term
financing facilities.
Perfect Power also secured a tax equity investment of over $125
million with Greenprint Capital, utilizing the T-Flip structure to
deploy a tax equity partnership incorporating Investment Tax Credits
under the Inflation Reduction Act.
Comment from Greenprint/DeFazio on working with the PP team
“Greenprint Capital is proud to partner with the Perfect Power team as
they achieve this significant milestone on the Jaguar BESS facility,”
said Peter DeFazio, Managing Partner of Greenprint Capital. “This
partnership highlights our shared commitment to advancing the energy
transition and infrastructure development. We look forward to
continuing our collaboration with Perfect Power to drive sustainable
energy solutions.”
Perfect Power, a portfolio company of private equity firm SER Capital Partners, focuses on investment opportunities in the transitioning electric grid. With expertise in power generation, renewable energy, and energy storage, Perfect Power specializes in asset development / redevelopment and asset optimization. Perfect Power actively partners with local developers, asset owners, and operators as part of its development strategy.
Greenprint Capital is an investment and advisory firm specializing in clean energy tax credit investments. The firm focuses on efficiently managing and deploying capital into climate-positive energy infrastructure projects, aiming to balance financial returns, reduce tax liabilities, and achieve sustainable impact. By acquiring and structuring investments in renewable energy projects, Greenprint enables co-investors, lenders, and tax credit purchasers to participate in these opportunities. Learn more at greenprintcapital.com.
Alex Neth
Greenprint Capital
Nick Chaubey nchaubey
nchaubey@sercapitalpartners.comPerfect Power, LLC
Douglas Sherman: dsherman@perfectpowerllc.com