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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

UTC Receives Innovation Award for Geothermal Power Technology

LCG, June 20, 2008--UTC Power, a subsidiary of United Technologies Corporation, received the National Energy Resources Organization's (NERO) annual Innovation Award for its PureCycle geothermal system, which uses low-temperature geothermal energy from hot water to generate electricity.

The PureCycle system is designed for relatively small temperature differentials and uses an organic Rankine cycle-based power system with refrigerant rather than steam to generate power in a closed system that has essentially no emissions.

Since 2006, the PureCycle geothermal system has operated using a 165 degree F geothermal source at Chena Hot Springs Resort in Alaska as a U.S. Department of Energy Geothermal Technologies demonstration project. The ability to utilize low temperature differentials expands the potential locations where geothermal energy may be exploited.

NERO is a non-partisan organization whose mission is to engage in dialogue on energy issues, recognize outstanding achievements, and promote public awareness.
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