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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

Construction Celebration at Arevon Energy's 300 MW/1,200 MWh Nighthawk Energy Storage Project in California

LCG, July 31, 2025--Arevon Energy, Inc. today announced a milestone celebration event for the construction proceedings at its Nighthawk Energy Storage Project in Poway, California. The $600 million Nighthawk Energy Storage Project, with a design capacity of 300 MW/1,200 MWh, will use modern lithium iron phosphate batteries. The project will be built by Rosendin. Arevon developed the project and will own and operate the facility.

Arevon signed a long-term contract back in 2021 under which the Nighthawk Energy Storage Project will provide energy and resource adequacy to Pacific Gas and Electric Company (PG&E). The project will connect to the grid at the Sycamore Canyon Substation located on the Marine Corps Air Station (MCAS) Miramar, which distributes energy to the greater San Diego area.

"What sets the Nighthawk Energy Storage Project apart is Arevon's years of experience and proven track record in successfully developing safe, reliable renewable energy and battery storage projects in California and throughout the United States as well as the project's design, which includes added safety measures and will comprise the safest and most advanced batteries on the market today. In addition, Arevon has partnered with the Poway Fire Department, who is committed to protecting the community, first responders, and the facility in the unlikely event an incident occurs," said Arevon's Chief Executive Officer at Arevon. "Battery storage is the way of the future, and Arevon is pleased to bring this essential energy solution to Poway, where we are committed to being a great community partner through the project's multi-decade life."
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