giving support

CenterPoint Energy, Mayor Turner join forces for $1M energy assistance for Houston residents

CenterPoint Energy and the Gulf Coast Community Services Association are now accepting applications for the new program. Photo via centerpointenergy.com

In the season of giving, a Houston energy company has played Santa Claus with a special deliver for underserved Houstonians.

CenterPoint Energy announced a $1 million contribution in Houston Mayor Sylvester Turner’s name towards energy bill assistance that assists low-income residents. The donation will go to a local nonprofit organization Gulf Coast Community Services Association, or GCCSA, which will manage and distribute the funds.

“Given Mayor Turner’s selfless commitment and outstanding service to our city for the past eight years, this felt like a fitting way to celebrate him and build upon his legacy of helping others across our communities,” CenterPoint Energy CEO Dave Lesar says in a news release. “Throughout his entire career in elected office, Mayor Turner always recognized the importance of supporting underserved neighborhoods and neighbors, and this contribution in his name will make a positive lasting impact.”

Today, December 4, GCCSA will begin accepting applications for energy assistance for low-income residents or families living in CenterPoint Energy’s service areas. Applicants can apply online.

“It has been an incredible honor to serve our great city for my eight years in office, “Turner says in a news release. “It also has been a privilege to collaborate with corporate leaders like CenterPoint Energy and impactful nonprofits like GCCSA to help the community members who need it most.

“I am deeply grateful for the countless partnerships and initiatives benefiting Houston during my incredible journey as mayor. Together, we were able to do great things.”

Earlier this summer, CenterPoint also donated $100,000 to Galveston residents by way of nonprofit Vision Galveston. The program was designed to reduce energy consumption and cut utility bills through projects like HVAC tune-ups, as well as installation of ceiling insulation, LED light bulbs, solar screens, and low-flow showerheads.

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A View From HETI

Lydian Energy has secured financing for three battery storage system projects in Texas. Photo via Getty Images.

The Electricity Reliability Council of Texas’ grid will get a boost courtesy of Lydian Energy.

The D.C.-based company announced the successful financial close of its first institutional project financing totaling $233 million, backed by ING Group and KeyBank. The financing will support three battery energy storage system (BESS) projects in Texas.

Lydian is an independent power producer that specializes in the development, construction and operation of utility-scale solar and battery energy storage projects. The company reports that it plans to add 550 megawatts of energy—which can power approximately 412,500 homes—to the Texas grid administered by ERCOT.

“This financing marks an important step forward as we continue executing on our vision to scale transformative battery storage projects that meet the evolving energy needs of the communities we serve,” Emre Ersenkal, CEO at Lydian Energy, said in a news release.

The projects include:

Pintail 

  • Located in San Patricio county
  • 200 megawatts
  • Backed by ING

Crane

  • Located in Crane county
  • 200 megawatts
  • Backed by ING

Headcamp

  • Located in Pecos county
  • 150 megawatts
  • Backed by KeyBank

ING served as the lender for Pintail and Crane projects valued at a combined total of approximately $139 million.

KeyBank provided a $94 million financing package for the Headcamp project. KeyBanc Capital Markets also structured the financing package for Headcamp.

The three projects are being developed under Excelsior Energy Capital’s Fund II. Lydian’s current portfolio comprises 20 solar and storage projects, totaling 4.7 gigawatts of capacity.

“Our support of Lydian’s portfolio reflects ING’s focus on identifying strategic funding opportunities that align with the accelerating demand for sustainable power,” Sven Wellock, managing director and head of energy–renewables and power at ING, said in the release. “Battery storage plays a central role in supporting grid resilience, and we’re pleased to back a platform with strong fundamentals and a clear execution path.”

The facilities are expected to be placed in service by Q4 2025. Lydian is also pursuing additional financing for further projects, which are expected to commence construction by the end of 2025.

“These financings represent more than capital – they reflect the strong demand for reliable energy infrastructure in high-growth U.S. markets,” Anne Marie Denman, co-founding partner at Excelsior Energy Capital and chair of the board at Lydian Energy, added in the news release. “We’re proud to stand behind Lydian’s talented team as they deliver on the promise of battery storage with bankable projects, proven partners, and disciplined execution. In the midst of a lot of noise, these financings are a reminder that capital flows where infrastructure is satisfying fundamental needs of our society – in this case, the need for reliable, sustainable, domestic, and affordable energy.”

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