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Lydian Energy Secures $233M for Battery Storage Projects in Texas' ERCOT Market

Lydian Energy has closed its first institutional project financing worth $233 million to develop three battery energy storage system (BESS) projects in Texas' ERCOT market. The financing supports 550 MW/1.1 GWh of energy storage across San Patricio, Crane, and Pecos counties. ING financed the 200 MW/400 MWh Pintail and Crane projects with $139 million, while KeyBank provided $94 million for the 150 MW/300 MWh Headcamp project, also structuring its financing.

All projects are backed by Excelsior Energy Capital’s Fund II and are expected to be commissioned in Q4 2025. The financing includes tax credit bridge loans and co-investment capital from Excelsior’s limited partners. These developments are aligned with Lydian Energy’s strategy to expand grid-resilient, utility-scale battery infrastructure across high-growth U.S. markets.

ING and KeyBank executives emphasized their commitment to supporting scalable, sustainable infrastructure. The deal underscores institutional confidence in battery storage as a vital asset class for the energy transition. Lydian is actively pursuing further funding for an expanding pipeline of projects scheduled for construction later in 2025.

With demand for resilient, flexible power solutions rising, these projects highlight the growing role of battery storage in securing America’s clean energy future.