The D.C.-based company announced the successful financial close of its first institutional project financing totaling $233 million, backed by ING Group and KeyBank. The financing will support three battery energy storage system (BESS) projects in Texas. Lydian is an independent power producer that specializes in the development, construction and operation of utility-scale solar and battery energy storage projects. The company reports that it plans to add 550 megawatts of energy—which can power approximately 412,500 homes—to the Texas grid administered by ERCOT. The projects include three different facilities in San Patricio, Crane and Pecos County, expected to be placed in service by Q4 2025 (ICE HOUSTON)

Fonte notizia: Energy Capital