The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

IPP Lydian launches with 1.7GW US solar and BESS portfolio, backed by infrastructure fund Excelsior

By Jonathan Touriño Jacobo
LinkedIn
Twitter
Reddit
Facebook
Email

Minnesota-based independent power producer (IPP) Lydian Energy has made its official launch with a portfolio of 1.75GW of solar and battery storage projects in the US.

The initial portfolio currently consists of nine projects to be built in the US states of Texas and New Mexico. The company will specialise in the development, construction and operation of utility-scale solar PV and battery energy storage systems (BESS) projects across North America.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The IPP is backed by capital from renewables energy investor Excelsior Energy Capital, while its pipeline of projects will cater to commercial, industrial and utility customers.

Two of the solar projects – AC Ranch I and AC Ranch II – are in the pre-construction phase and have a commercial operation date (COD) of 2026-2027. Both projects will be built in the city of Hobbs, New Mexico, and have a capacity of 100MW (AC Ranch I) and 300MW (AC Ranch II).

Currently three of the BESS projects have been unveiled and are located in Texas. All three have a COD of 2025 and are in the pre-construction phase. They have a cumulative capacity of 550MW/1.1GWh and 2-hour duration.

The technology used for either the solar PV or BESS projects has not been unveiled yet.

This story first appeared on PV Tech.

21 May 2024
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 21-22 May 2024, will be our third PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2025 and beyond.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
12 November 2024
San Diego, USA
As we see more storage projects become operational, the big question is “how to maximize your assets?” This event will prepare the industry for the road ahead, looking at the core fundamentals of asset management, understanding operational challenges, along with the latest optimization and software development. You can expect to meet and network with all the key industry players from major US asset owners, operators, RTOs and ISOs, optimizers, software and analytics providers, technical consultancies, O&M technology providers and more.

Read Next

May 16, 2024
Battery storage failure incidents have dramatically decreased in frequency in the last few years, but the industry still needs to be more transparent and share data when incidents occur.
May 15, 2024
Renewable energy developer and operator Apex Clean Energy has completed a US$150 million financing with First Citizens Bank for two ERCOT, Texas battery energy storage system (BESS) projects.
May 14, 2024
Utility DTE Energy has launched a request for proposals (RFP), seeking approximately 120MW of standalone energy storage projects in its Michigan, US, service area.
May 14, 2024
Puerto Rico Electricity Board (PREB) has approved a plan to accelerate the adoption of battery energy storage system (BESS) technology in the US island territory.
May 7, 2024
Storage developer and operator Lightshift Energy will deploy numerous distributed BESS projects totalling 50MW for various utilities via the Massachusetts Municipal Wholesale Electric Company (MMWEC).

Most Popular

Email Newsletter