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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

Bush Budget Proposal Would Increase Renewable Spending

LCG, Feb. 5, 2002--Under the budget released by President Bush on Monday, the Department of Energy would receive 4.6 percent more funding in the 2003 fiscal year, while less would be spent on oil and natural gas research.

According to the preliminary numbers given by the administration, the overall energy budget would be $21.92 billion. Fossil research would be cut by 16 percent, or $93 million, leaving $494.2 million intact. Spending on renewable energy and energy efficiency would increase by 1 percent, to $1.312 billion.

New tax incentives as well as the continuation of current credits would provide $9.5 billion over ten years for the development of energy-saving technologies. One of the largest such credits is for wind and biomass power sources, at $1.9 billion. Other energy credits include $1.1 billion for energy produced from landfill gas, and $1.2 billion for investments in combined heat and power (CHP) systems.

Nuclear security program funding would be increased by 5.7 percent, or $433.2 million, for a total of $8.04 billion. The budget will be subject to Congressional approval, and would take effect Oct. 1, 2002.
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