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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

DOE Issues Grid Study

LCG, May 9, 2002-The U.S. Department of Energy has submitted its electricity transmission study, originally called for by the White House.

Released by Secretary of Energy Spencer Abraham, the study supports the Federal Energy Regulatory Commission (FERC) in its plan to divide the country into Regional Transmission Organizations (RTOs), which would be responsible for reliability. Likened to the public highways, RTO's are intended to make electricity easy to trade across state lines by the formation of a national grid.

The report includes cooperative regional transmission siting forums, which would have FERC, DOE, and state authorities design transmission line siting rules. It calls for Congress to mandate power grid reliability standards and suggests that transmission investment be "merchant" projects, which would reportedly result in no risk to ratepayers.

The DOE also wants Congress to give FERC limited federal eminent-domain authority in siting new transmission lines and says that savings from their transmission plans would be significant because national transmission would avoid bottlenecks that cost hundreds of millions of dollars a year. DOE's report attributed an estimated $500 million in combined savings to eliminating transmission limitations in California, Mid-Atlantic PJM Interconnection, New York, and New England.

The study also suggests promoting technologies like superconductors.

Abraham said the timing of the study, which was ordered a year ago, was not intended to coincide with the current energy bills pending in the House and Senate.

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