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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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FERC Approves Vistra's Plan to Acquire Nearly 2,600 MW of Gas-fired Power Plants

LCG, October 6, 2025--Vistra today announced that the Federal Energy Regulatory Commission (FERC) approved Vistra's acquisition of certain subsidiaries owning seven natural gas generation facilities from Lotus Infrastructure Partners. The acquisition was announced last May, and Vistra expects the transaction to close this quarter or during the first quarter of 2026. Vistra's acquisition remains subject to approval by the New York Public Service Commission and other customary closing conditions.

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Industry News

InterGen Begins Building 1200 Megawatt Texas Project

LCG, Feb. 2, 2001InterGen, the joint venture between Bechtel and Shell, said this morning that it had wrapped up financial details for its 1,200 megawatt, natural gas-fired Cottonwood Energy project north of Houston, Texas, and will begin construction today with a groundbreaking ceremony.

"As InterGen's first major project in the United States, Cottonwood represents an important stepforward in our strategic plan to apply our international development expertise to the important U.Smarket," said Carlos Riva, president and chief executive.

Bechtel Power will build the facility under a turnkey contract with commercial operations expected by mid 2003. Natural gas will be supplied to Cottonwood by two natural gas transportation pipelines, the Texas Eastern and Channel Industries pipelines, both of which pass through the project site.

InterGen said the project will have a significant positive economic impact on the area, creating approximately 25 permanent, full-time operations period jobs, as well as 500 to 750 peak construction period jobs. In addition, the construction and first year of operation of the project will result in increases of over 60 percent to the Newton County property tax base and more than 300 percent to the local school district tax base.

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