Linea Energy Secures Debt and Preferred Equity for Texas Battery Project

Linea Energy secured debt financing and a preferred equity financing from DESRI in its Duffy battery energy storage project in Matagorda County, Texas. The project is a 235 MW / 470 MWh utility-scale battery system designed to store electricity and support grid reliability in ERCOT.

Orrick advised Linea Energy.

THE COMPANIES

Linea Energy is an independent power producer focused on the development, ownership and operation of clean energy infrastructure.

DESRI develops, acquires, invests in, owns and operates long-term contracted renewable energy assets in the U.S., with a portfolio of more than 80 solar, wind and storage projects totaling over 12 GW of capacity.

THE IMPACT

The financing advances construction of the Duffy battery storage project, adding grid-scale storage capacity in ERCOT. Once operational, the system will store excess electricity and deliver power during peak demand, improving grid reliability and supporting the integration of renewable energy in Texas.

THE TEAM

The Orrick team was led by Louise Gibbons, John Eliason, Devin Canavan and Helen Aki and included support from Nikiforos Mathews, Darrell Thomas, Chelsea Munoz-Patchen, Zachary D.T. Huey, Jason Warrington, Shah Mohammadi, Trudie Makens, Sarafina Joseph and Ellie Rubinstein.

LEARN MORE

• Linea Press Release
• Read More Orrick Client Results