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Google and AES Sign Agreements for Co-Located Generation and Data Center in Texas

LCG, February 24, 2026--The AES Corporation (AES) and Google today announced agreements for clean power generation that will be co-located with a new Google data center in Wilbarger County, Texas. The agreements include a 20-year Power Purchase Agreements (PPA) for co-located power generation. These coordinated energy projects and powered land will enable Google to rapidly expand its operations to meet demand for core services, while AES will expand its power generation portfolio.

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Amazon Announces Plans to Invest $12 Billion in Data Center Campuses in Louisiana

LCG, February 23, 2026--Amazon today announced plans to invest $12 billion to develop and construct state-of-the-art data center campuses in northwest Louisiana that will support cloud computing technologies. Amazon is partnering with STACK Infrastructure, the developer and owner of the campuses, to lead the construction and development of the data center facilities. Amazon has already invested in solar energy projects in Louisiana, bringing up to 200 MW of new carbon-free energy onto the grid.

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Industry News

Greenflash Infrastructure Closes Transaction for ERCOT's Largest Battery Storage Project Under Construction

LCG, October 7, 2025--Greenflash Infrastructure, L.P. ("Greenflash") today announced that it has successfully closed a hybrid tax capital and debt financing for Project Soho - a 400MW / 800MWh standalone battery storage project in Texas.

Greenflash states that Project Soho is the largest standalone battery energy storage system (BESS) currently under construction in Texas. The project, located south of Houston in Brazoria County, is ahead of schedule to energize in the first quarter of 2026. Greenflash expects to achieve commercial operations in the second quarter of 2026.

The co-Founder and Vice President of Texas-based Greenflash stated, "We designed this financing structure to be a scalable, repeatable template for our 5 GW near-term ERCOT pipeline."

The transaction included a preferred equity investment from funds managed by Wafra, Inc. and Acadia Infrastructure Capital, L.P. The preferred equity investment is structured to facilitate a tax credit sale to a leading U.S.-based insurance company.

In addition, the transaction included debt financing led by Deutsche Bank, which served as Coordinating Lead Arranger and Sole Bookrunner. Deutsche Bank Trust Company Americas served as Administrative Agent, Collateral Agent and Depositary Bank.

Greenflash's co-Founder and Managing Partner stated, "Our team at Greenflash combined innovative hedging and financing with world-class execution to deliver a superior outcome, and we are thrilled to have achieved this important milestone so quickly at Greenflash."

"We are pleased to support Greenflash on their inaugural project financing," said Deutsche Bank's Head of Infrastructure & Energy Financing, Americas. "This transaction further strengthens the HIG/DB relationship and represents our continued commitment to finance well-positioned battery storage assets that improve grid reliability."

CRC-IB acted as financial advisor to Greenflash, with Troutman Pepper Locke serving as legal counsel. Latham & Watkins served as legal counsel to Deutsche Bank.
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