A new solar and battery storage developer and operator in the US has been established.
Lydian Energy, an independent power producer, is backed by capital from Excelsior Energy Capital.
Lydian’s growing pipeline of strategically located solar and battery storage projects is diversified across geography and power markets for a broad range of commercial, industrial, and utility customers.
The company owns nine projects representing 1.75GW of solar and battery storage capacity located in Texas and New Mexico.
Lydian Energy CEO Emre Ersenkal said: “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.”
Lydian is comprised of a team of developers, builders and operators with more than 100 years of combined renewables experience.
“We are proud of and trust the team that has been built at Lydian, under Emre’s leadership,” said Anne Marie Denman, Co-Founder and Partner at Excelsior and Chair of Board at Lydian Energy.
She added: “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.”