I am so very excited to announce that Lydian Energy is officially launching.
I've worked with solar array projects from two solar modules on my first install in 2015, to now at Lydian with the scale of 500,000+ modules. I started in solar with the hopes of offering lower cost power than the local coal burning power plant in my hometown. In March of 2023, the Merrimack Station lost its forward capacity auction funding after 2026, and this year announced it will convert to battery and solar in 2028.
Solar and batteries are the cheapest form of generation, and at scale we are watching the grid move from coal, to gas, to solar, even while the grid expands to the needs of electrification and data centers.
What is truly transformational though is that with modular solar, from 2 solar panels to hundreds of thousands of solar panels, is that everyone in front of and behind the meter can participate in the generation of power, and with batteries can use or sell that power whenever it makes financial sense to do so.
Over the past 7 years I have been tracking my personal utility bills, and I have seen the direct impact of my work, my industry's work, and adjacent industries work on lowering wholesale electricity prices. What has gone up is the cost to transport power as the grid ages, and becomes more susceptible to disruption with increased storm energy (polar vortex, fires, hurricanes). Storm energy from warmer weather of climate change.
But I have hope, because I have crunched the numbers. To run the current US economy we only need 50kWDC of solar per person (even with the current inefficient fossil fuel thermal wastes), and by building solar we would be paid back by 2029 in fuel savings if we built it TODAY. So I am building part of the solution of what the US needs with the Lydian Energy Team with massive scale solar and battery solutions.
The other part of the solution starts at home. From direct electrification and efficiency upgrades appliance by appliance (LEDs, induction stove, heat pumps, water heaters, micro e-mobility, electric vehicles, building integrated solar, remote work), to turning traditional electricity markets into peer to peer commodity and currency exchange with bring your own device demand response, and dispatchable generation of vehicle to grid, home batteries, and solar.
Every person has a part to play, whether it is 2000 hours a year at your job, or 1 hour a week around your own home. I am just so lucky to be able to contribute in so many different ways. We are all turning the fuel paradigm upside down, as the US passed peak fossil fuel consumption in 2008 (before I even got involved), due to the aggregate work of every person in the US.
And now economics is on the fuelless side, accelerating the change. All that is left is getting solar power to the people. Whether that is through the traditional wired grid, through mobile battery vehicles, through synthetic fuels, or distributed generation.
We are thrilled to announce the official launch of Lydian Energy, an independent power producer dedicated to the development, construction, and operation of utility-scale solar and battery energy storage projects across North America! Backed by the capital and expertise of Excelsior Energy Capital, we are committed to driving significant economic and environmental benefits through our unique approach to delivering renewable energy at scale.
“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.”
Our growing pipeline of strategically located projects caters to a diverse range of commercial, industrial, and utility customers. Currently, Lydian owns nine projects representing 1.75 GW of solar and battery storage capacity in Texas and New Mexico.
For more information about Lydian Energy and our current projects, visit www.lydianenergy.com and read today’s full announcement here: https://lnkd.in/eyX8hh43 Follow us on LinkedIn to stay updated on our latest news and developments! #RenewableEnergy #SolarPower #BatteryStorage #Sustainability
Passionate about offshore & floating wind. Expert in breaking in to new offshore wind markets, rolling out new product/service offerings, building new teams for projects or long-term.
12moWell done all at Equinor 👏🏻