LandBridge Announces BESS Development Agreements with Samsung C&T Renewables

Agreements provide options to lease acreage for two potential Battery Energy Storage System projects with aggregate capacity of 350 MW.

HOUSTON--(BUSINESS WIRE)--LandBridge Company LLC (NYSE: LB; NYSE Texas: LB) (“LandBridge” or the “Company”) today announced that it has entered into development agreements (Option to Lease Agreements) with subsidiaries of Samsung C&T Renewables, LLC (“SCTR”) providing the option to lease acreage for two potential Battery Energy Storage System ("BESS") projects in Pecos and Loving counties, Texas with an aggregate capacity of 350 MW. The agreements grant SCTR exclusive rights at each site location to deploy and develop a BESS facility designed to enhance grid stability, support renewable energy integration, and deliver clean power to the local grid. The projects, which could achieve commercial operation as soon as year-end 2028, represent the first BESS projects on LandBridge’s acreage and underscore the Company’s commitment to leveraging its premium land assets for innovative projects across conventional and renewable energy development.

Jason Long, Chief Executive Officer of LandBridge, stated, “Our initial agreements with Samsung C&T Renewables, LLC represent a meaningful step in further strengthening and diversifying our clean energy portfolio. We look forward to building on this momentum as SCTR continues to expand its leadership position in the energy transition space.”

About LandBridge

LandBridge owns more than 300,000 surface acres across Texas and New Mexico, located primarily in the heart of the Delaware sub-region in the Permian Basin, the most active region for oil and gas exploration and development in the United States. LandBridge actively manages its land and resources to support and encourage energy and infrastructure development and other land uses, including digital infrastructure. LandBridge was formed by Five Point Infrastructure LLC, a private equity firm with a track record of investing in and developing energy, environmental water management and sustainable infrastructure companies within the Permian Basin. For more information, please visit: www.landbridgeco.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are based on LandBridge’s beliefs, as well as assumptions made by, and information currently available to LandBridge, and therefore involve risks and uncertainties that are difficult to predict, including the possibility that one or both BESS projects will not be completed and that the anticipated revenue associated with each project would not be realized. Generally, future or conditional verbs such as “will,” “would,” “should,” “could,” or “may” and the words “believe,” “anticipate,” “continue,” “intend,” “expect” and similar expressions identify forward-looking statements. Forward-looking statements include, but are not limited to, any statements regarding the BESS projects, including the ability of the counterparty to complete the BESS projects, the ability to secure regulatory approvals in a timely manner or at all and/or the expected benefits of the BESS projects. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, many of which are beyond our control.

Forward-looking statements include, but are not limited to, strategies, plans, objectives, expectations, intentions, assumptions, future operations and prospects and other statements that are not historical facts, including our estimated future financial performance. You should not place undue reliance on forward-looking statements. Although LandBridge believes that plans, intentions and expectations reflected in or suggested by any forward-looking statements made herein are reasonable, actual results may vary materially and adversely from those envisaged in this press release due to a number of factors, including those risks more fully discussed in LandBridge's filings with the SEC, including its most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. You can access LandBridge’s filings with the SEC through the SEC's website at http://www.sec.gov. Except as required by applicable law, LandBridge undertakes no obligation to update any forward-looking statements or other statements herein for revisions or changes after this communication is made.