DESRI Invests Preferred Equity in Linea Energy's 235 MW Duffy Battery Storage Project in Matagorda County, Texas

The Duffy BESS project is designed to provide critical battery energy storage infrastructure, which DESRI said would enhance grid reliability in Texas. Linea Energy, an independent power producer headquartered in San Francisco, California, previously secured debt financing for the project and issued a full notice to proceed in December 2025.

Peter Koczanski, Head of Corporate Development at DESRI, stated that the investment demonstrates DESRI's capabilities as a capital solutions provider for renewable energy projects. He also noted that DESRI views Linea as a well-respected independent power producer and expressed anticipation for growing their capital partnership.

Cassidy DeLine, Chief Executive Officer at Linea Energy, said the Duffy BESS project marks an important milestone in the company's expanding portfolio. DeLine added that DESRI's preferred equity investment reflects the strength of Linea's project execution and its ability to attract capital partners committed to accelerating the energy transition and improving grid resiliency.

Linea Energy focuses on the development, ownership, and operation of clean energy infrastructure, including solar, battery energy storage, and wind projects. The company operates in partnership with EnCap Energy Transition. DESRI and its affiliates develop, acquire, invest in, own, and operate long-term contracted renewable energy assets across the U.S., with a portfolio exceeding twelve gigawatts of aggregate capacity from over 80 solar, wind, and storage projects.

Orrick, Herrington, & Sutcliffe LLP advised Linea Energy on the transaction, while King & Spalding LLP advised DESRI. The specific financial terms of DESRI's preferred equity investment were not disclosed in the announcement. The project's expected commercial operation date was also not specified.

Future developments to watch include further announcements regarding the construction progress of the Duffy BESS project and its eventual commercial operation date. Investors may also monitor for additional capital partnerships between DESRI and Linea Energy, as well as any details concerning power purchase or capacity agreements for the Matagorda County facility.