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Calpine Closes Texas Energy Fund Loan for 460-MW Pin Oak Creek Peaking Facility

LCG, October 14, 2025--Calpine Corporation today announced the close of a Texas Energy Fund (TxEF) loan agreement to support development of the Pin Oak Creek project, a 460-MW, natural gas-fired peaking facility adjacent to Calpine's Freestone Energy Center, a gas-fired combined-cycle facility located on approximately 506 acres near Fairfield, Texas.

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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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Industry News

LBL Scientists Complete Fuel Cell

LCG, November 21, 2002-Researchers at Lawrence Berkeley Labs (LBL) have developed a fuel cell that they say can operate as cheaply as gas turbines.

Steve Visco, Craig Jacobson, and Lutgard De Jonghe, of the Materials Science division of LBL, designed the fuel cell from ceramic materials with metal electrodes.

The Solid Oxide Fuel cells operate by reacting oxygen and hydrocarbons, such as methane, within the ceramic cell. The process differs from burning hydrocarbons in that energy is extracted from the movement of ions through an electrolytic membrane and supports several reactions. Oxygen ions react with hydrogen from the fuel gas, forming water. The water then reacts with the fuel to form carbon dioxide and hydrogen. The cell, operating at about 800 degrees Celsius, has an anodic-cathodic configuration, causing electrons produced by the reactions to flow from anode to cathode via an external load.

Fuel cells can be kept small while retaining an efficiency rating of 50 percent, making them a viable alternative to mass electricity production and transmission. They also produce much cleaner electricity than does the burning fuels. However, carbon dioxide is still produced, and the cells do require some type of fuel to operate.

Raw materials for the cells cost $37 per kilowatt. The researchers estimate that other costs, such as insulation and DC-AC converters, will limit the cost of the cell to $130 per kilowatt if they want to stay within the target cost set by the Department of Energy of $400 per kilowatt.

As yet unaccounted for costs apply to creating a stack of fuel cells, which researchers are confident can be made within their allowance. The stacked configuration will maximize voltage output and form a small generator.

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