Lydian Energy is the new kid on the block. The recently launched independent power producer specializes in the development, construction and operation of utility-scale solar and battery energy storage projects across North America.
Backed by the capital and deep experience of Excelsior Energy Capital, Lydian is poised to drive significant economic and environmental benefits through its distinctive approach to delivering renewable energy at scale.
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. Currently, the company owns nine projects representing 1.75 GW of solar and battery storage capacity 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 neighbors, 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.”
Based in Excelsior, Minnesota, Lydian is comprised of a veteran team of developers, builders, and operators with more than 100 years of combined renewables experience. The team’s expertise in identifying opportunities and driving operational success across the sector will be fundamental to its work developing high-potential mid- to late-stage renewable energy assets.
“We are proud of and trust the team that has been built at Lydian, under Emre’s leadership,” said Anne Marie Denman, cofounder and partner at Excelsior and chair of the board at Lydian Energy. “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.”
The company expects significant growth in the coming year and plans to add personnel across asset development, construction, M&A, and finance functions as it continues to develop projects within its pipeline.
“We have the funding, pipeline and expertise to adapt, move quickly, and uncover efficiencies, while remaining systematic in our approach and steadfast in our pursuits,” Ersenkal said. “We are confident that these characteristics will serve us well as we pursue our growth objectives.”
— Solar Builder magazine
[source: https://solarbuildermag.com/projects/lydian-energy-launches-solar-battery-storage-projects/]
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