Funding of $233 million secured by Lydian Energy for the advancement of battery storage initiatives
Lydian Energy, a leading developer of scalable renewable energy infrastructure, has secured significant funding for three battery energy storage system (BESS) projects in Texas. The financings, totalling $233 million, will support the development of the Pintail and Crane projects, each with a capacity of 200 MW/400 MWh, and Headcamp, a 150 MW/300 MWh project in Pecos County.
The financings are a testament to the strong demand for reliable, sustainable, domestic, and affordable energy infrastructure in high-growth U.S. markets. KeyBanc Capital Markets structured the financing package for Headcamp, while KeyBank provided a $94 million financing package for the project. These financings also represent more than just capital, according to Anne Marie Denman, Co-Founding Partner at Excelsior Energy Capital and Chair of the Board at Lydian Energy.
Sven Wellock, Managing Director and Head of Energy - Renewables & Power at ING, expressed his pleasure in backing a platform with strong fundamentals and a clear execution path. ING's support of Lydian's portfolio signifies their focus on strategic funding opportunities that align with the accelerating demand for sustainable power.
Tyler Nielsen, Managing Director, Utilities Power and Renewables Group at KeyBanc Capital Markets, expressed excitement about supporting Lydian's development of Headcamp. Emre Ersenkal, CEO at Lydian Energy, stated that this financing marks an important step forward as they continue executing on their vision to scale transformative battery storage projects.
Basilio Guerrero, CFO at Lydian Energy, expressed gratitude for the support of ING and KeyBank. These projects aim to provide reliable and affordable renewable energy, enhancing grid performance in Texas, and are expected to be operational by Q4 2025.
Lydian Energy collaborates with stakeholders to deliver scalable infrastructure that meets regional needs and policy goals. The Pintail and Crane projects are located in San Patricio and Crane Counties, respectively, while Headcamp is situated in Pecos County.
These financings are a reminder that capital flows where infrastructure is satisfying fundamental needs of society. The projects are part of Excelsior Energy Capital's Fund II, which recently surpassed $1 billion. Lydian Energy's portfolio includes 20 solar and storage projects with a total capacity of 4.7 GW.
Anne Marie Denman also stated that these financings reflect the strong demand for reliable energy infrastructure in high-growth U.S. markets. Sven Wellock, Managing Director and Head of Energy - Renewables & Power at ING, highlighted battery storage's role in supporting grid resilience.
In conclusion, the successful securing of these financings is a significant milestone for Lydian Energy and underscores the growing importance of sustainable, reliable, and affordable energy infrastructure in the United States.
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