FIC Partners Acquires Texas Battery Storage Developer Perfect Power

FIC Partners Management has acquired Perfect Power, the developer of Jaguar Energy Center in Texas, positioning the company to expand one of ERCOT's largest planned battery storage and solar platforms.

FIC Partners Acquires Perfect Power

FIC Partners Management announced it has acquired Perfect Power LLC, the developer, owner, and operator of the Jaguar Energy Center, a large-scale battery energy storage and solar platform serving one of the fastest-growing regions in the Texas electric grid.

The acquisition positions FIC to continue expanding the project while pursuing additional energy infrastructure opportunities to meet growing electricity demand.

Jaguar Energy Center

The Jaguar Energy Center is a grid-connected battery storage and solar development with plans for up to 1.15 gigawatts (GW) of generating capacity across approximately 4,500 acres.

The facility delivers power into the Electric Reliability Council of Texas (ERCOT) grid, which continues to experience rapid demand growth driven by population increases, industrial development, and new data centers.

FIC Partners said the acquisition aligns with its strategy of investing in infrastructure assets that have both existing operations and future expansion potential.

Co-Managing Partner Cay Freihofer: "Perfect Power is exactly the type of opportunity we created FIC to pursue—a contracted, in-service infrastructure asset paired with a clear, accretive growth pipeline in one of the most attractive power markets in the country."

Co-Managing Partner Cyrus Aghili said Texas remains one of the nation's strongest long-term energy markets.

Co-Managing Partner Cyrus Aghili: "The Texas Triangle is at the center of multi-decade demand growth driven by population demographics, industrial expansion, and data center development."

Perfect Power CEO Tony Maselli said the partnership will help accelerate the company's next phase of growth.

CEO Tony Maselli: "Perfect Power has been looking forward to partnering with FIC to pursue this renewed growth chapter for our experienced team given our shared vision of scaling a best-in-class power platform."

The Bottom Line

FIC Partners has acquired Texas-based Perfect Power and plans to expand the Jaguar Energy Center, a battery storage and solar project expected to deliver up to 1.15 GW of capacity into the rapidly growing ERCOT power market.