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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

GWF Plans Central California Cogenerator

LCG, July 25, 2000--GWF Power Systems Company Inc. has asked the California Energy Commission for a Small Power Plant Exemption for a 98.7 megawatt gas-fired cogeneration plant the company plans to build in Hanford, a San Joaquin Valley town 25 miles south of Fresno.

The commission has exclusive jurisdiction to certify all sites and related facilities for thermal power plants in California that generate 50 or more megawatts, but can exempt power plants up to 100 megawatts from the power plant site certification process if it finds that no substantial adverse impact on the environment will result.

If approved, the Hanford Energy Park Project would be built on about 10 acres adjacent to an existing cogeneration power plant also owned by the GWF. The gas-fired plant would produce both electricity and steam with the electric power sold through direct sales agreements and in the spotmarket on the California Power Exchange.

A new 115 kilovolt transmission line a little over a mile long would be built to hook up the new plant. Water supply for the facility would be well water, and GWF says it has enough of that to meet the needs of the new plant and the existing one, too.

The commission said it would hold a public hearing on the Hanford Energy Park on August 2.

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