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News
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LCG, November 26, 2025--RWE announced today the commissioning of the Stoneridge Solar project, located in Milam County, Texas. The project capacity is 200 MW of solar power, plus a battery energy storage system (BESS) that provides 100 MW (200 MWh) of battery storage capacity. The BESS improves the supply of short-term, reliable, affordable electricity in ERCOT.
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LCG, November 19, 2025--Oklo Inc. and Siemens Energy announced today that the parties have signed a binding contract for the design and delivery of the power conversion system for Oklo’s Aurora-INL (Idaho National Laboratory) nuclear small modular reactor (SMR). The agreement authorizes Siemens Energy to begin engineering and design work to expedite procurement of long-lead components and to initiate the manufacturing process for the power conversion system. Oklo’s expertise in advanced fission technology will be combined with Siemens Energy’s extensive industry experience with steam turbine and generator systems, with the ultimate goal of generating carbon-free, reliable electricity.
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Industry News
Longroad Energy Announces Financial Close of 1000 Mile Solar Project in Texas
LCG, September 15, 2025--Longroad Energy announced today the financial close of 1000 Mile Solar, its 300 MWac (400 MWdc) solar project in Yoakum County, Texas. Longroad Energy finalized a long-term offtake agreement with Meta late last year in the form of an Environmental Attributes Purchase Agreement, which includes a financial settlement arrangement for the entire energy output of 1000 Mile Solar.
The 1000 Mile Solar project will deliver power into the Southwest Power Pool (SPP) grid and support Meta's goal to power its data center operations with 100 percent clean energy. The project is now under construction and is expected to achieve commercial operations in 2026.
The CEO of Longroad Energy stated, "1000 Mile Solar is our seventh renewable energy project in Texas and a milestone project for Longroad. 1000 Mile is Longroad's first project in the SPP region and brings us to 2.1 GW of successfully developed utility-scale projects in Texas in all three RTO regions, ERCOT, MISO and SPP. Thank you to Meta, our banking partners, our contractor SOLV, our suppliers, and to Yoakum County officials for their roles in helping us advance 1000 Mile."
The 1000 Mile Solar project is Longroad's fifth solar facility in Texas. All five use First Solar's photovoltaic technology, and 1000 Mile will utilize First Solar's American-made Series 7 modules.
First Solar's Chief Commercial Officer stated, "We are thrilled that Longroad Energy trusts our uniquely American energy technology to support operations in Texas, while enhancing grid reliability. We're proud to be powering a critical pillar of our nation's economic growth with American innovation."
Nextracker will provide the smart tracker equipment for the 1000 Mile Solar project, and SOLV is the engineering, procurement and construction (EPC) contractor.
Longroad will provide long-term operations and maintenance services through its affiliate Longroad Energy Services, with additional O&M support provided by Northstar Energy Management, LLC.
A commitment from Morgan Stanley Renewables Inc. for tax equity financing for 1000 Mile has also closed.
"We are excited to partner with Longroad for the first time on its largest solar project developed - a landmark transaction for the company," said the Managing Director and Co-Head of Infrastructure Capital Markets at Morgan Stanley.
Debt financing for 1000 Mile Solar was led by Societe Generale and CIBC, with additional participation by ANZ, Barclays, and Key Bank.
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