Lydian Energy has successfully completed the financial close on its first financing agreement, valued at $233 million, marking a significant milestone for the company. In July 2025, we closed the deal. With it, we can now fast track the completion of a number of essential solar and battery storage projects throughout New Mexico, Texas, and Utah.
The financing will be used primarily to accelerate the construction of the Faraday BESS Phase 1. This facility will have the largest battery storage capacity, at 150 MW and 733 MWh of storage capacity. We are excited about the long-term agreement this facility has received with an investment-grade counterparty, providing reliability and sustainability for Lydian Energy’s projects for years to come.
With these solar and battery storage projects, Lydian Energy hopes to serve the increasing energy needs of their customers. The company has pledged to keep pushing these projects forward. It appreciates the moment we’re in, when achieving reliable and affordable domestic energy sources couldn’t be more urgent. The investment doesn’t just fuel Lydian Energy’s solar projects—it boosts its battery storage development expertise.
“The financing agreement we have secured is a testament to the confidence that industry-leading lenders have in our vision,” stated Emre Ersenkal, CEO of Lydian Energy.
“This transaction marks a major milestone for Lydian Energy, as it is the first full-stack financing we have closed, and it is especially notable to do so with industry-leading lenders MUFG and CIBC.” – Emre Ersenkal, Lydian Energy CEO
Lydian Energy has some seriously deep pockets behind it. Industry’s incredibly talented and passionate team is truly dedicated to putting the business intelligence in the context of editorial greatness. This approach has allowed the company to effectively reach engaged professionals across 36 leading media platforms, thereby amplifying its mission.
Chris Moakley, Chair of the Board at Lydian Energy, beamed about the new financing agreements. These agreements put the company in a much better position to ramp up its initiatives.
“We are proud that these financings are helping meet the need for reliable, sustainable and affordable domestic energy and very grateful for the commitment of MUFG, CIBC and other participating lenders. We are pleased to support Lydian’s talented team as they build these much-needed solar and battery storage projects.” – Chris Moakley, Lydian Energy board chair