ENERGY STORAGE

Excelsior-backed US storage developer Lydian Energy launches

April 12, 2024

Lydian Energy, an independent power producer which will specialise in the development, construction, and operation of utility-scale solar and battery energy storage projects across North America, has launched.

Backed by Excelsior Energy Capital, Lydian owns nine projects representing 1.75 GW of solar and battery storage capacity located in Texas and New Mexico.

“We are excited to announce the official launch of Lydian Energy as we embark on our mission of ‘Connecting People + Power’ through impactful renewable energy projects,” said Lydian Energy CEO Emre Ersenkal. “As highly credible partners and engaged neighbours, our aim is to lead meaningful economic and environmental opportunities by developing and operating renewable energy assets that serve the needs of all stakeholders – landowners, communities, utilities, customers, and investors.”

Anne Marie Denman, co-founder and partner at Excelsior and chair of board at Lydian Energy said: “We are proud of and trust the team that has been built at Lydian, under Emre’s leadership. The Excelsior team will work closely with the Lydian team to drive value creation, choosing a portfolio company model that relies on and trusts the leadership and execution team at Lydian while integrating the knowledge and perspective of the Excelsior team.”