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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

Duke Energy Proposes to Build 1,400-MW Natural Gas-Fired Power Plant in South Carolina

LCG, June 9, 2025--Duke Energy announced today its intent to submit an application to the Public Service Commission of South Carolina (PSCSC) for approval to build a new natural gas combined-cycle generating facility with hydrogen capability in Anderson County, South Carolina. The company plans to submit the construction application to the PSCSC later this year. If approved, it expects construction would commence in summer 2027, with operations beginning by early 2031.

Duke Energy states that the project is consistent with its near-term actions approved in its Carolinas Resource Plan in 2024. The project design includes an electric generating capacity of 1,400 MW. The proposed facility is part of Duke Energy's comprehensive, “all of the above” approach that includes exploring new generation methods such as dispatchable, hydrogen-capable natural gas resources. The company expects the project should benefit from the recently announced partnership between Duke Energy and GE Vernova to provide natural gas turbines and other associated equipment – manufactured in Greenville, South Carolina – to meet the growing needs of advanced manufacturing, data centers and population growth in the area.

According to Duke Energy, the project is currently in the early stages of planning, engaging and permitting. The nearly 200-acre site would utilize nearby existing transmission infrastructure, and the innovative facility design would significantly reduce the need for large amounts of water, creating less burden on Anderson County's infrastructure.

The President of Duke Energy South Carolina said, "We are at a critical point in planning for South Carolina's reliable, affordable and resilient energy future. By enacting the S.C. Energy Security Act, Governor McMaster and the Legislature have provided a comprehensive path forward for energy policy that will guide our state's continued success for many years to come. Committing to building this modern energy facility in Anderson County is a critical piece of that strong energy future for the region."

The Governor stated, "South Carolina's continued prosperity depends on reliable, forward-looking energy projects like this one. We are grateful to have a committed partner like Duke Energy taking the necessary steps to meet our state's rising energy demand and ensure we are well-equipped to power our bright future."
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