Lydian Energy secures $233M in project financing to advance battery storage projects in Texas, backed by ING and KeyBank.

Jul 09, 2025•5 months ago

Amount Raised

$233 Million

WashingtonRenewable EnergyEnergy

Investors

Key BankIng

Description

Lydian Energy announced the successful financial close of its first institutional project financing totaling $233 million, supported by ING and KeyBank. This financing will aid three battery energy storage projects in Texas. The projects are part of Excelsior Energy Capital’s Fund II and are expected to be operational by Q4 2025. CEO Emre Ersenkal highlighted the financing as a crucial step in scaling transformative battery storage solutions.

Company Information

Company

Lydian Energy

Location

Washington, District Of Columbia, United States

About

Lydian Energy, based in Washington, D.C., is an independent power producer specializing in the development, construction, and operation of utility-scale solar and battery energy storage projects. With the backing of Excelsior Energy Capital, Lydian’s experienced team of renewable energy professionals focuses on developing high-potential mid- to late-stage renewable energy assets across North America.

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