Lydian Energy Secures Major $233M Investment To Strengthen Texas Energy Grid With Battery Storage
S.S. Dev | Source: Solar Quarter | Posted 07/11/2025
Lydian Energy, an independent power producer focused on utility-scale solar and battery energy storage projects across North America, has announced the successful financial close of its first institutional project financing worth $233 million. The funding supports the development of three battery energy storage system (BESS) projects in Texas, within the Electric Reliability Council of Texas (ERCOT) power market.
AI generated summary
Lydian Energy has successfully secured $233 million in institutional project financing to develop three battery energy storage system (BESS) projects in Texas, specifically within the Electric Reliability Council of Texas (ERCOT) market. The projects include Pintail and Crane, each with a capacity of 200 MW/400 MWh, and Headcamp, a 150 MW/300 MWh facility. The financing for Pintail and Crane comes from ING, while Headcamp is financed by KeyBank, highlighting the growing institutional support for battery storage as a vital component of the energy transition.
CEO Emre Ersenkal emphasized that this financing is a significant step towards scaling transformative battery storage projects that cater to the evolving energy needs of communities. With construction underway and operations expected to commence by the fourth quarter of 2025, Lydian Energy is also pursuing additional financing for a broader portfolio of solar and storage projects, aiming to deliver scalable energy infrastructure that aligns with regional power market demands.
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