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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.

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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

Calpine Gets Okay for 135 Megawatts Near San Jose

LCG, May 23, 2001Calpine Corp. yesterday received California approval for a new 135 megawatt peaking power plant the company intends to build just south of San Jose. The three-unit, gas-fueled facility will begin operation by next summer, the company said.

Following completion of the plant, to be located in the garlic capital of Gilroy, Calpine will add three more combustion turbines on the site, doubling the plants capacity to 270 megawatts. Calpine already owns a 131 megawatt cogeneration plant at Gilroy Foods.

For Gilroy, and neighboring Morgan Hill, the new plant will provide a customer for about a million gallons a day of treated wastewater from the communities' jointly-owned South County Wastewater Authority reclamation facility.

To Jay Baksa, city administrator of Gilroy, getting paid for the wastewater offers benefits of "enormous potential." Without the sale, the Authority would have to acquire land and build percolating ponds for the water. What they will get is income instead of expense.

Calpine, which typically makes "community benefit" investments in cities where it locates power plants, is in discussions with Gilroy officials about what the company can do to help out.

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