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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

Duke/Fluor Daniel to Build Calpine Oklahoma Plant

LCG, Aug. 1, 2001--Duke/Fluor Daniel said yesterday it has been awarded a contract by Calpine Oneta Power, L.P., to provide engineering, procurement and construction services for a 1,150-megawatt, combined-cycle, natural gas-fired power plant in Coweta, Okla.

Duke did not disclose the value of the contract, though the entire project has been estimated at $500 million. The facility is scheduled to begin commercial operation early next summer and is currently on target to meet that goal, the company said.

"Two aspects of this contract stand out," said Jeff Faulk, president and chief executive of Duke/Fluor Daniel. "It is our first opportunity to work with Calpine Corporation widely regarded as a leading independent power producer. Second, as part of the overall contract, we have effectively combined Calpine's procurement requirements, preferred suppliers and commissioning capabilities with (our) contracting capabilities."

Doug Kieta, Calpine's senior vice president for construction, chimed in "This contract represents a significant step forward for the project, and such projects represent significant progress in meeting fast-growing energy demand in the United States."

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