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Lydian Energy and Infranity Close $300 Million Holding Company Credit Facility to Accelerate Utility-scale Energy Storage and Renewable Energy Project Buildout
[October 01, 2026]

Lydian Energy and Infranity Close $300 Million Holding Company Credit Facility to Accelerate Utility-scale Energy Storage and Renewable Energy Project Buildout


Lydian Energy ("Lydian"), an Excelsior Energy Capital-backed developer, owner, and operator of energy infrastructure projects, and Infranity, an established infrastructure asset manager, today announced the closing of a $300 million holding company credit facility (the "Financing" or the "Facility"). The Facility will provide capital for the development, construction, acquisition, and operation of Lydian's expanding portfolio of utility-scale battery energy storage systems and solar renewable energy projects.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261001448057/en/

Founded in 2023, Lydian has established itself as a leading developer and owner of energy storage and renewable energy assets, with a portfolio spanning 6.0 GW of operating, construction-ready, and development-stage projects across the United States. The company continues to play a critical role in strengthening grid reliability and accelerating the energy transition through the deployment of large-scale energy infrastructure.



 

"Closing this facility is an important milestone for Lydian. Infranity structured a bespoke solution that lets us leverage the value in our operating and construction-ready assets to accelerate the next stage of our pipeline," said Emre Ersenkal, CEO of Lydian. "We're proud to partner with a lender that took the time to understand how we build and operate, and we look forward to delivering the reliable energy infrastructure our markets need."


The transaction reflects confidence in Lydian's demonstrated construction and execution capabilities, strong project pipeline, and long-term strategy of building and operating critical energy infrastructure across attractive U.S. markets.

 

"We are pleased to partner with Lydian on this milestone financing," said Sacha Kamp, Global Head of Debt Investment of Infranity. "The transaction is underpinned by a portfolio of high-quality contracted projects and a strong pipeline of energy infrastructure assets developed and owned by Lydian. Combined with the support of an experienced and committed sponsor, these attributes provide a compelling foundation for long-term growth. We look forward to supporting Lydian as it continues to expand its platform and deliver critical energy infrastructure across the United States."

The bespoke facility is expected to give Lydian additional flexibility to accelerate the buildout of its pipeline by leveraging the value of its existing projects. The financing is also expected to strengthen the company's ability to capitalize on rising power demand and renewable energy incentives as grid modernization and electrification continue to accelerate across the United States.

 

"Excelsior backed Lydian on the conviction that a disciplined, execution-driven team could build a leading energy infrastructure platform, and this financing is a strong endorsement of what the team has built," said Chris Moakley, Managing Partner at Excelsior Energy Capital and Chair of the Board of Lydian Energy. "It gives Lydian efficient, scalable capital to grow its portfolio as demand for reliable, domestically produced power continues to rise. We're pleased to welcome Infranity as a partner and remain committed to supporting Lydian's long-term growth."

The financing strengthens Lydian's ability to advance projects from development through construction while retaining ownership of operating assets that can generate long-term stakeholder value.

As electricity demand continues to increase across the United States, battery energy storage systems are expected to play an increasingly important role in maintaining grid reliability, supporting renewable energy integration, and enhancing energy security. Lydian remains focused on developing projects that help address these challenges while delivering reliable, sustainable infrastructure solutions to communities and customers nationwide.

Transaction Advisers

Akin Gump provided legal counsel to Lydian Energy.

Eversheds Sutherland provided legal counsel to Infranity.

About Lydian Energy

Based in Washington, DC, Lydian is an independent energy infrastructure company that develops, finances, constructs, owns, and operates utility-scale power projects across North America in partnership with landowners, communities, and capital providers. Backed by Excelsior Energy Capital, Lydian's experienced team combines disciplined development with deep sector expertise to advance its mature portfolio of battery storage and renewable energy projects that strengthen grid reliability, support the energy transition, and create long-term value for stakeholders. For more information, please visit www.lydianenergy.com. Follow Lydian Energy on LinkedIn.

About Excelsior Energy Capital

Excelsior Energy Capital is a private fund investment manager focused on investing in the transformation of North America's energy infrastructure, bringing reliable capital to create lasting partnerships and generate returns for its investors. Founded in 2017 and based in Excelsior, Minnesota, the firm closed its flagship fund, Excelsior Renewable Energy Investment Fund I, at $504 million in 2020, and closed its second fund, Excelsior Renewable Energy Investment Fund II, at just over $1 billion in 2025. For more information, visit www.excelsiorcapital.com.

About Infranity

Infranity is an asset management company specializing in sustainable infrastructure investments. The company was founded by three partners, Philippe Benaroya, Alban de La Selle and Gilles Lengaigne, as part of a strategic partnership with the Generali Group and manages €15 billion of assets1 on behalf of institutional investors as of September 2026. The investment solutions deployed by Infranity are focused on long-term infrastructure assets that, historically, have often shown resilience throughout market cycles, as well as on its ability to contribute to sustainable development. They seek to respond to the major challenges facing society, such as the energy transition, green mobility, the digital transition and the improvement of social infrastructure in the health and education sectors. This positioning, combined with a high degree of selectivity in the investment process, enables Infranity to generate sustainable value for its clients. Infranity ranked globally #5 and #2 in Europe in the Infrastructure Investor Debt report released in July 20262. Please refer to the Infrastructure Debt 30 ranking published by Infrastructure Investor for more details. Infranity is part of Generali Investments, a platform of asset management firms delivering a portfolio of specialist capabilities, and a key component of Generali's capabilities in real assets. For more information: www.infranity.com Our sustainability commitments are available on our website.

1 Asset under Management refers to total investor commitments since inception.
2 Any reference to an award provides no guarantee for future performance and is not constant over time.


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