DESRI Invests Preferred Equity in Linea's Duffy BESS Project

DESRI's preferred equity investment in Linea Energy's Duffy BESS project signifies a continued commitment to bolstering grid reliability through utility-scale battery storage in Texas. This financing, following Linea's prior debt closure and notice to proceed, will facilitate the construction of a 235 MWac, two-hour duration battery energy storage system in Matagorda County. The investment underscores the increasing financial interest in energy storage assets as critical infrastructure for managing intermittent renewable energy sources and enhancing grid stability. The deal is notable for its size, representing a significant investment in a utility-scale battery storage project. The involvement of DESRI, a known investor in the renewable energy space, and Linea Energy, an expanding clean energy infrastructure developer, further highlights the project's credibility. The engagement of prominent legal advisors, Orrick, Herrington & Sutcliffe LLP and King & Spalding LLP, also suggests the complexity and scale of the transaction. This investment will likely contribute to the growing deployment of battery storage solutions in Texas, a state experiencing rapid renewable energy growth and increasing demand for grid resilience.