DESRI

We’re thrilled to announce the opening of our new office in Hyderabad, India. Since establishing operations in Hyderabad in 2014, our team has developed and expanded capabilities that support our global business across functions including accounting, engineering, finance, legal, and performance analytics. The office was designed with a focus on employee well-being and productivity. The facility is located in a dynamic complex with access to shuttle services and other retail services. DESRI’s space offers modern infrastructure, featuring multiple conference rooms, seamless technological integrations for global collaboration, an employee engagement room, and other benefits. This move fuels our growth and will continue to inspire our employees today and into the future! #DESRI #DESRIIndia

Together with DESRI, we're excited to announce our power purchase agreement for the Dry Creek Energy Storage project. Dry Creek is a 160 megawatt/640 megawatt-hour battery energy storage system located in Sacramento County. The system will be charged using renewable energy and other clean sources from our grid, helping to integrate more sustainable power and enhancing grid reliability. This project represents another significant milestone as we work toward our goal of carbon-free electricity by 2030. Read more: https://lnkd.in/g7YbFxGc #CleanEnergy #EnergyStorage #Sustainability #GridReliability

DESRI and SMUD have executed a long-term power purchase agreement for the Dry Creek Energy Storage project in Sacramento County—a 160 MW / 640 MWh battery energy storage system (BESS). “Our team at DESRI is proud to deliver this reliable, cost-effective energy storage project to California, a milestone that strengthens our long-standing partnership with SMUD,” said Hy Martin, DESRI’s Chief Development Officer. “Dry Creek will play a critical role in enhancing grid reliability, optimizing renewable energy performance, and advancing SMUD’s decarbonization goals.” Learn more: https://lnkd.in/ecRStbgd

We’re thrilled to announce that DESRI has broken ground on construction for the 205 MWac Solar and 1,000 MWh BESS Catclaw Solar and Storage Project in Buckeye, Arizona.   This project represents a significant milestone for both DESRI and the local community. The project will serve Arizona Public Service - APS customers. The facility is expected to generate enough clean energy to power approximately 40,000 Arizona homes each year. DESRI purchased the Project from Avantus in 2024 and gathered with stakeholders on April 29, 2025 to celebrate its groundbreaking.   Thanks to all involved for your efforts in reaching this milestone! Learn more: https://lnkd.in/euYgpjJj

So exciting to be part of this important transition.

We’re excited to announce that DESRI (formerly D. E. Shaw Renewable Investments) is now an independent company. This transition marks a significant milestone in our journey as a leading owner and operator of renewable energy projects across the U.S.   We want to express our gratitude to The D. E. Shaw Group for their support and partnership since our founding in 2011. Their commitment to innovation has been instrumental in helping us achieve the remarkable growth we’re celebrating today. With over 11 gigawatts of contracted capacity, including 8+ GW operating or in-construction, and more than 70+ renewable energy projects across 22 states, we’re proud of the impact we’ve made and what the future holds for our ~250-person team. We’re excited to expand our portfolio of renewable energy projects, creating lasting environmental and economic value for communities across the U.S. With power demand surging across the country, our team is thrilled to continue to bring cost-effective and reliable energy and capacity to the grid, fast.   Thank you to everyone who has been part of our journey so far. We’re excited for what’s next!