LandBridge Company LLC entered into option‑to‑lease agreements with subsidiaries of Samsung C&T Renewables, granting the latter exclusive rights to develop two battery energy storage system (BESS) projects on the company’s Permian Basin acreage. The projects, located in Pecos and Loving counties, Texas, will together provide 350 MW of storage capacity.
The move marks LandBridge’s first foray into large‑scale battery storage and diversifies its revenue streams beyond surface royalties, water‑management fees, and infrastructure easements. By leveraging more than 300,000 surface acres, the company can generate recurring lease and operating income while supporting grid stability and renewable integration in a region that is a hub for both oil and gas and emerging renewable infrastructure.
Commercial operation of the BESS projects is targeted for the end of 2028, aligning with the rapid expansion of the U.S. battery storage market and the need for grid‑balancing solutions as renewable penetration rises. The partnership with Samsung C&T Renewables, a firm with a global track record in utility‑scale renewable projects, underscores confidence in LandBridge’s land value and the viability of the Permian Basin as a storage hub.
Financially, LandBridge has demonstrated strong profitability in recent quarters, with high operating margins and growing revenue from its core segments. The new battery storage agreements add a non‑commodity revenue stream that is expected to contribute to LandBridge’s long‑term earnings stability and support its broader strategy of expanding into digital infrastructure and renewable energy projects.
CEO Jason Long described the agreements as a “meaningful step in further strengthening and diversifying our clean energy portfolio.” He highlighted the company’s confidence in its land assets and the potential for future revenue growth from battery storage as part of its broader clean‑energy strategy.
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