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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

New IGCC Project Under Consideration in Indiana

LCG, March 10, 2005--Tondu Corp. is exploring the development of a new, coal-fired electric generating station in St. Joseph County, Indiana, and the project is under review by local officials. The 500-MW, advanced plant is based upon an integrated gasification combined cycle design that would be fueled by a mix of coal and petroleum coke. The project site under consideration is near New Carlisle and was previously targeted by Allegheny Energy Supply for the construction of a natural gas-fired, generating station.

The integrated gasification combined cycle (IGCC) process includes coal gasification, with the gas from the coal passed through a gas turbine to generate electricity. The hot exhaust gas from the turbine heats water to produce steam to power a steam turbine and generate electricity a second time. The IGCC plant design results in relatively high initial capital costs; however, its improved efficiency and reduced emissions are expected to improve long-term profitability and educe the environmental impact. With prices for the primary alternative fuel, natural gas, roughly more than twice the norm, the economic outlook for new coal plants is positive.

A number of other proposed coal generating stations have received grants from the Department of Energy to support advanced coal technology projects. Excelsior Energy, Inc. and ConocoPhillips will receive a $38 million grant for the development of a new, 531-MW, IGCC plant to be located near Hoyt Lakes, Minnesota. Orlando Utilities Commission (OUC) and Southern Power, the unregulated subsidiary of Southern Company, will receive a $235 million grant for the development of a 285-MW, advanced coal plant to be built at OUC's existing Stanton Energy Center near Orlando, Florida. Peabody Energy will receive a $19.7 million grant to demonstrate a technology to achieve ultra-low emissions at the proposed 300-MW, Mustang Energy Project located near Peabody's Lee Ranch Coal Company operations in New Mexico.

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